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16331 Arlington Lane Huntington Beach, CA 92649

4 Beds 3 Baths 1,873 sqft Built 1961

$1,095,000

List Price

$3,710

$3.5K - $4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $584.62
  • 12 Days on Market
  • MLS # : OC21055293
  • Updated Date : 03/25/2021 at 14:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,873 sqft
  • Baths : 3 full
Listing Agent

First Properties

Listing Agent's Description

Welcome home! Interior tract location Huntington Beach home 4 Bedrooms, 3 Baths, 3 car garage. Customized and remodeled, open floorplan Upgrades include Remodeled custom kitchen with Granite counters, plenty of cabinets soft close, new SS Appliances, Stone backsplash, huge Center Island open to great room leading to the backyard and plenty of windows 2 sliding doors, Crown molding throughout the house. Smart controlled House, LED lighting, Tiles wood like floors, laminates in the bedrooms, New HVAC, Attic Fan, Attic storage w/pull down ladder, Vinyl windows and sliding doors, new interior doors, 2 ensuite bedrooms (Master + Secondary), remodeled baths, new vanities, 3 skylights. Large secondary bedrooms. Backyard has multiple fruit trees and Gazebo. Won't last, Hurry!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Bolsa Chica-Heil

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $227k831k

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

Neighborhood: Bolsa Chica-Heil

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21800200022002400260028003000320034003600Rent in $16353620

* 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
Village View Elementary School Primary Regular 555 23 8
Marine View Middle School Middle Regular 813 33 7
Marina High School High Regular 2,438 93 9

Village View Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 23
8
GreatSchools Rating

Marine View Middle School

  • Education Level: Middle
  • # of students: 813
  • # of teachers: 33
7
GreatSchools Rating

Marina High School

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

$985,500$1,204,500$1,095,000

PURCHASE PRICE

$3,339$4,081$3,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,710
EXPENSES Loan Payment -$3,803
Property Tax -$985
Property Insurance -$72
Property Management Fees -$182
CASH FLOW
-$1,333

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.

$1,095,000

PROJECTED PRICE

$3,710

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 4.6%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$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$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$295,925

INVESTMENT

$295,925

Down Payment
$273,750
Rehab Estimate
$5,750
Closing Costs
$16,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,803

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $273,750
Loan Amount $821,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,330

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,710

    LIST RENT
  • $1.98

    LIST RENT PER SQFT
  • $4,064

    COMP ESTIMATED VALUE
  • $2.17

    COMP AVG. RENT PER SQFT
Comps Range
$3,710
1$3,7102$3,7953$3,7954$4,0005$4,250
$4,250
RENT COMPS ANALYSIS
  • 16331 Arlington Lane Huntington Beach, CA 1
    • 4 beds 3 baths ∙ 1,873 Sqft ∙ Built 1961 4 beds 3 baths ∙ 1,873 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,710
    • $1.98
    •  
  • 16191 Waikiki Lane Huntington Beach, CA 2
    • 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1963
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $2.24
    •  
  • 5831 Trophy Drive Huntington Beach, CA 3
    • 3 beds 3 baths ∙ 1,746 Sqft ∙ Built 1963 3 beds 3 baths ∙ 1,746 Sqft ∙ Built 1963
    property image
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $2.17
    •  
  • 16262 Bradbury Lane Huntington Beach, CA 4
    • 5 beds 2 baths ∙ 1,905 Sqft ∙ Built 1964 5 beds 2 baths ∙ 1,905 Sqft ∙ Built 1964
    property image
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.10
    •  
  • 5892 Franmar Circle Huntington Beach, CA 5
    • 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 1964 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 1964
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.17
    •  
PROPERTY LISTING DETAILS
Adel Hanna
First Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21055293
Last Updated: 03/25/2021
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