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16422 Hollywood Lane Huntington Beach, CA 92649

4 Beds 3 Baths 2,140 sqft Built 2014

$1,050,000

List Price

$4,200

$4K - $4.5K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $490.65
  • 5 Days on Market
  • MLS # : OC20257977
  • Updated Date : 01/13/2021 at 12:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,140 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group West

Listing Agent's Description

Beautiful 4 bedroom and 2 bath home with Awesome back yard with tons of space and lots of amenities just to the back and side yards to mention! Property is nestled at outside curve of two streets to create a huge back yard and side (RV access) yard. Very nice location. 2 Bedroom & 3/4 bath down. Remodeled kitchen (including Viking range and fridge) and new bathroom upstairs along with 2 bedrooms. 2014 remodel includes ALL new plumbing, electrical, solid core interior doors, dual paned windows, and roof to code. Foundation over single story section of home was engineered and built to put an addition for an added in-law or possible rental studio. Office upstairs with CAT5 wiring and amazing western view through a huge window. Lots of storage! Gated & lockable RV access - 25' deep to end of concrete pad with up to 40' of gated storage. 30' RV plus tongue will fit. Width is 10'2". Notice eaves on RV side are custom/very short for max width of rig. Whole house filtration (located in downstairs bath) and reverse osmosis drinking water (located in laundry room). Outdoors - auto sprinklers front & back, 24'10" wide driveway, 'beach' shower on north side yard. Garage - header is taller than normal 7'3" vertical opening, 23' deep, 14' wide garage door and 20' wide after garage entrance, epoxy floors, wired for surround sound with nook built in, 220 wiring possible in garage on 60A sub panel (north wall of garage). Video of floorplan flow available. More property details in supplements.

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
 

$945,000$1,155,000$1,050,000

PURCHASE PRICE

$3,780$4,620$4,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,200
EXPENSES Loan Payment -$3,647
Property Tax -$1,040
Property Insurance -$79
Property Management Fees -$206
CASH FLOW
-$771

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.

$1,050,000

PROJECTED PRICE

$4,200

PROJECTED RENT

0.40%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

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$284,000

INVESTMENT

$284,000

Down Payment
$262,500
Rehab Estimate
$5,750
Closing Costs
$15,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,647

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $262,500
Loan Amount $787,500
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$16,302

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,200

    LIST RENT
  • $1.96

    LIST RENT PER SQFT
  • $4,173

    COMP ESTIMATED VALUE
  • $1.95

    COMP AVG. RENT PER SQFT
Comps Range
$3,900
1$3,9002$4,2003$4,2004$4,2005$4,200
$4,200
RENT COMPS ANALYSIS
  • 16422 Hollywood Lane Huntington Beach, CA 5
    • 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.96
    •  
  • 5362 Haviland Drive Huntington Beach, CA 1
    • 3 beds 3 baths ∙ 1,973 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,973 Sqft ∙ Built 2000
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.98
    •  
  • 5295 Haviland Drive Huntington Beach, CA 2
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2001
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.84
    •  
  • 5341 Rosecrest Drive Huntington Beach, CA 3
    • 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 2001
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.88
    •  
  • 5336 Charlotta Drive Huntington Beach, CA 4
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2001
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.10
    •  
PROPERTY LISTING DETAILS
Fred Macias
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20257977
Last Updated: 01/13/2021
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