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14951 Trojan Circle Huntington Beach, CA 92647

4 Beds 3 Baths 1,755 sqft Built 1964

$965,000

List Price

$3,490

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $549.86
  • 7 Days on Market
  • MLS # : OC20264599
  • Updated Date : 01/09/2021 at 11:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,755 sqft
  • Baths : 3 full
Listing Agent

Prestige Realty

Listing Agent's Description

Highly sought-after single-story home on expansive 7,500 sqft lot situated w/in a prime cul-de-sac location in Huntington Beach! This immaculate dual master suite, 4 bed, 3 bath single-family detached home features over $120k in upgrades! Newly remodeled, the home boasts an open floorplan w/ a spacious gourmet kitchen, separate dining, & large living room. Additional appointments include gorgeous vinyl wood-look flooring throughout, designer paint, recessed lighting, & dual pane windows. The bathrooms feature floor to ceiling natural stone shower surrounds, modern glass shower doors w/ brush nickel & chrome finishes. The oversized master bedroom has a sliding glass door w/ access to the backyard. The spacious & functional kitchen has ample white cabinetry w/ granite countertops & a peninsula/breakfast bar perfect for family & guests. The separate dining area w/ adjacent living room features a gas fireplace w/ travertine surround, mantel, & raised hearth. A large sliding glass door provides an abundance of natural lighting & access to the backyard. The spacious backyard features a covered patio ideal for entertaining or dining al fresco. In addition to the 2-car attached garage, the extended driveway accommodates room to park an RV, boat, additional cars, storage, & more! The home is located w/in walking distance to great restaurants, Westminster Mall, shopping, & highly rated schools. Don’t miss your chance to live in beautiful Surf City USA! Some photos are virtually staged.

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
 

$868,500$1,061,500$965,000

PURCHASE PRICE

$3,141$3,839$3,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,490
EXPENSES Loan Payment -$3,352
Property Tax -$994
Property Insurance -$69
Property Management Fees -$171
CASH FLOW
-$1,096

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.

$965,000

PROJECTED PRICE

$3,490

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$261,475

INVESTMENT

$261,475

Down Payment
$241,250
Rehab Estimate
$5,750
Closing Costs
$14,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,352

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $241,250
Loan Amount $723,750
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$2,018

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,490

    LIST RENT
  • $1.99

    LIST RENT PER SQFT
  • $3,580

    COMP ESTIMATED VALUE
  • $2.04

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,4903$3,6504$3,7505$3,800
$3,800
RENT COMPS ANALYSIS
  • 14951 Trojan Circle Huntington Beach, CA 2
    • 4 beds 3 baths ∙ 1,755 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,755 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $3,490
    • $1.99
    •  
  • 15171 Victoria Lane Huntington Beach, CA 1
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1962
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.13
    •  
  • 6571 Rome Circle Huntington Beach, CA 3
    • 4 beds 2 baths ∙ 1,753 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,753 Sqft ∙ Built 1962
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.08
    •  
  • 6521 Rome Circle Huntington Beach, CA 4
    • 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 1962
    LEASED 07/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.00
    •  
  • 15561 Whiteoak Lane Huntington Beach, CA 5
    • 4 beds 2 baths ∙ 1,947 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,947 Sqft ∙ Built 1972
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.95
    •  
PROPERTY LISTING DETAILS
Brad Clark
Prestige Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20264599
Last Updated: 01/09/2021
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