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16671 Graham Street Huntington Beach, CA 92649

4 Beds 2 Baths 2,990 sqft Built 1967

$1,150,000

List Price

$4,400

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $384.62
  • 4 Days on Market
  • MLS # : OC21150545
  • Updated Date : 07/13/2021 at 08:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,990 sqft
  • Baths : 2 full
Listing Agent

Re/max Select One

Listing Agent's Description

Great location. Huge lot over 12,000 sqft. This property is very unique and has a lot of potential. Single story. Only 1.5 miles to the beach.

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MARKET HIGHLIGHTS

  • 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.
  • 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]

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
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
 

$1,035,000$1,265,000$1,150,000

PURCHASE PRICE

$3,960$4,840$4,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,400
EXPENSES Loan Payment -$3,994
Property Tax -$1,139
Property Insurance -$99
Property Management Fees -$216
CASH FLOW
-$1,048

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.

$1,150,000

PROJECTED PRICE

$4,400

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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

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

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$310,500

INVESTMENT

$310,500

Down Payment
$287,500
Rehab Estimate
$5,750
Closing Costs
$17,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,994

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $287,500
Loan Amount $862,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$9,291

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,400

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $4,475

    COMP ESTIMATED VALUE
  • $1.5

    COMP AVG. RENT PER SQFT
Comps Range
$4,100
1$4,1002$4,2003$4,4004$4,490
$4,490
RENT COMPS ANALYSIS
  • 16671 Graham Street Huntington Beach, CA 3
    • 4 beds 2 baths ∙ 2,990 Sqft ∙ Built 1967 4 beds 2 baths ∙ 2,990 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.47
    •  
  • 6081 Annette Circle Huntington Beach, CA 1
    • 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 1964
    LEASED 04/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.48
    •  
  • 17341 Gibson Circle Huntington Beach, CA 2
    • 4 beds 3 baths ∙ 2,721 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,721 Sqft ∙ Built 1969
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.54
    •  
  • 6841 Loyola Drive Huntington Beach, CA 4
    • 5 beds 4 baths ∙ 3,062 Sqft ∙ Built 1970 5 beds 4 baths ∙ 3,062 Sqft ∙ Built 1970
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,490
    • $1.47
    •  
PROPERTY LISTING DETAILS
Erik Blau
Re/max Select One
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21150545
Last Updated: 07/13/2021
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