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14611 Chalet Lane Huntington Beach, CA 92647

3 Beds 2 Baths 1,610 sqft Built 1964

$925,000

List Price

$3,360

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $574.53
  • 5 Days on Market
  • MLS # : PW21047720
  • Updated Date : 03/13/2021 at 14:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,610 sqft
  • Baths : 2 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Welcome home to this beautifully appointed Huntington Beach oasis! You are welcomed by a thoughtfully curated native California garden bursting with vibrant colors, textures, and fragrances. Inside the home, Pergo flooring, both durable and stylish, flows throughout, accompanied by new baseboards and crown moldings. Next is a chef’s dream kitchen, remodeled to include quartz counters, black stainless Samsung appliances, self close cabinets, convenient lazy Susans within the cabinets, custom tile work, a full size refrigerator inside the garage, and a dining area overlooking the garden. Recessed LED color changing lights in the living room create the right ambience for any occasion while the neutral palette makes everyone feel welcome. Next find the great room, blooming with light and perfect for entertaining at any time of day or night due to the window treatments controlled by remote and charming French doors that lead to the patio. A perfect place to relax and enjoy al fresco dining, the backyard also boasts avocado and orange trees, perfect for enjoying a mimosa with your avocado toast, with plenty of space to appreciate the great outdoors right at home. The guest bathroom in the hallway offers tasteful, modern fixtures along with a custom shower door. The bedrooms are serene and quiet, thanks to dual paned windows. The master suite’s inviting palette welcomes you in to relax and unwind. With a new roof completed in 2017, this home truly offers a move in ready experience.

SEE MORE

MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • The area has major technology nodes of excellence: Los Angeles (Media and entertainment); Pasadena (High-tech engineering, data analytics); Riverside (Agtech, transportation/ distribution); San Diego (Healthcare, biotech, wireless communications); Irvine (Medtech, cyber security); El Segundo (Aerospace and defense IT, space transport) [BCG, 2018]
  • Southern California produces more technology PhDs per year than any other region in the country and many of the higher educated students stay within Souther California contributing to readily available workforce skills making the area more attractive than Silicon Valley (BCG, 2018)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • Southern California has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (USMayors.org, 2018)
  • Headquarters to several Fortune 500 companies: Amgen, Farmers Insurance, Walt Disney, Avery Dennison, Activision Blizzard, CBRE Group, Edison International, Molina Healthcare, First American Financial, Pacific Life, Qualcomm and Sempra Energy (Fortune, 2018)
  • Los Angeles has been awarded the 2028 Olympics under a funding commitment of $88 billion to upgrade the transportation infrastructure connecting disparate pockets of the metro area. This is expected to produce additional employment in the coming years. (BCG, 2018)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.

PRICE & RENT TRENDS

Neighborhood: Huntington Beach

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $243k844k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Huntington Beach

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21800200022002400260028003000320034003600Rent in $17803620

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Clegg Elementary School Primary Regular 558 23 8
Helen Stacey Middle School Middle Regular 907 39 8
Marina High School High Regular 2,438 93 9

Clegg Elementary School

  • Education Level: Primary
  • # of students: 558
  • # of teachers: 23
8
GreatSchools Rating

Helen Stacey Middle School

  • Education Level: Middle
  • # of students: 907
  • # of teachers: 39
8
GreatSchools Rating

Marina High School

  • Education Level: High
  • # of students: 2,438
  • # of teachers: 93
9
GreatSchools Rating
 

$832,500$1,017,500$925,000

PURCHASE PRICE

$3,024$3,696$3,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,360
EXPENSES Loan Payment -$3,213
Property Tax -$953
Property Insurance -$66
Property Management Fees -$165
CASH FLOW
-$1,036

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$925,000

PROJECTED PRICE

$3,360

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,213

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $231,250
Loan Amount $693,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,161

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,360

    LIST RENT
  • $2.09

    LIST RENT PER SQFT
  • $3,466

    COMP ESTIMATED VALUE
  • $2.15

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,3003$3,3004$3,3605$3,500
$3,500
RENT COMPS ANALYSIS
  • 14611 Chalet Lane Huntington Beach, CA 4
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1964
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,360
    • $2.09
    •  
  • 6321 Mar Vista Drive Huntington Beach, CA 1
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1964
    property image
    LEASED 03/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.86
    •  
  • 6011 Thor Drive Huntington Beach, CA 2
    • 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1967
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.13
    •  
  • 5902 Chinook Drive Huntington Beach, CA 3
    • 4 beds 2 baths ∙ 1,440 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,440 Sqft ∙ Built 1963
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.29
    •  
  • 6451 Yale Circle Huntington Beach, CA 5
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1962
    property image
    LEASED 03/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.33
    •  
PROPERTY LISTING DETAILS
Melissa Moran
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21047720
Last Updated: 03/13/2021
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