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15401 Shasta Lane Huntington Beach, CA 92647

4 Beds 3 Baths 1,599 sqft Built 1962

$838,880

List Price

$3,170

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $524.63
  • 3 Days on Market
  • MLS # : PW20249511
  • Updated Date : 12/04/2020 at 08:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,599 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Coastal Alliance

Listing Agent's Description

Don't miss this move-in ready, dual master suite expanded home on an oversized, corner lot in Huntington Beach! Pride of ownership is evident in this upgraded home featuring a large private master suite addition with walk-in closet, desk nook, & en-suite bath with a stunning marble countertop. Relax & enjoy the light and bright living room with oversized, energy-efficient windows which let in so much natural light. The open concept living and dining rooms share a stunning arched ceiling detail, open to a large kitchen with granite countertops. Down the hall is a full bathroom, 2 bedrooms and a 2nd master bedroom with an updated en-suite bath - perfect guest or in-law suite! Expansive entertainer's backyard features an outdoor dining space with string lights, speakers, built-in concrete benches surrounding a gas fire pit, well-maintained lawn with plenty of space to add a pool, surrounded by a raised block wall. The possibilities are endless! Bonus features include: Solar panels, 3yr old roof, upgraded PEX piping throughout, surround sound in living room (hardwired in hall closet), smooth ceilings, recessed lighting, paneled doors, ceiling fans throughout, dual pane windows, oversized driveway, with RV and boat parking potential. Convenient to freeways, Bella Terra shopping, Beach Blvd., award-winning schools, parks, restaurants, & of course, the beach!

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
Westminster High School High Magnet 2,688 102 7

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

Westminster High School

  • Education Level: High
  • # of students: 2,688
  • # of teachers: 102
7
GreatSchools Rating
 

$754,992$922,768$838,880

PURCHASE PRICE

$2,853$3,487$3,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,170
EXPENSES Loan Payment -$3,095
Property Tax -$850
Property Insurance -$66
Property Management Fees -$155
CASH FLOW
-$996

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.

$838,880

PROJECTED PRICE

$3,170

PROJECTED RENT

0.38%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$228,053

INVESTMENT

$228,053

Down Payment
$209,720
Rehab Estimate
$5,750
Closing Costs
$12,583

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,095

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $209,720
Loan Amount $629,160
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,533

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,170

    LIST RENT
  • $1.98

    LIST RENT PER SQFT
  • $3,246

    COMP ESTIMATED VALUE
  • $2.03

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1703$3,2004$3,4005$3,400
$3,400
RENT COMPS ANALYSIS
  • 15401 Shasta Lane Huntington Beach, CA 2
    • 4 beds 3 baths ∙ 1,599 Sqft ∙ Built 1962 4 beds 3 baths ∙ 1,599 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $3,170
    • $1.98
    •  
  • 7262 Carlton Avenue Westminster, CA 1
    • 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1968
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.79
    •  
  • 15171 Victoria Lane Huntington Beach, CA 3
    • 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
    •  
  • 6972 Dresden Circle Huntington Beach, CA 4
    • 4 beds 2 baths ∙ 1,504 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,504 Sqft ∙ Built 1962
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.26
    •  
  • 7631 Rhone Lane Huntington Beach, CA 5
    • 4 beds 2 baths ∙ 1,756 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,756 Sqft ∙ Built 1963
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.94
    •  
PROPERTY LISTING DETAILS
Melissa Bragman
Coldwell Banker Coastal Alliance
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20249511
Last Updated: 12/04/2020
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