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16692 Dale Vista Lane Huntington Beach, CA 92647

5 Beds 1 Baths 1,830 sqft Built 1965

$1,050,000

List Price

$3,520

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $573.77
  • 6 Days on Market
  • MLS # : OC21139563
  • Updated Date : 07/08/2021 at 19:37
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,830 sqft
  • Baths : 1 full
Listing Agent

First Team Real Estate

Listing Agent's Description

If you’re looking for an interior tract home that backs to a park,in a highly desirable neighborhood,then this is the perfect home for you!Located close to the world famous,white sand beaches of “Surf City”,this nicely remodeled & expanded,SINGLE STORY home offers 4 beds PLUS an office or 5th bed,2 baths & is situated on a quiet street surrounded by homes w/pride of ownership.Entering the home through the new front door,you are greeted by a large,versatile & open floor plan,including a living room w/skylights & a bay window & an office w/French doors, which could be a 5th bedroom,play or workout room.Between the great natural light, combined w/ neutral-colored laminate floors,&recently touched up interior paint,this home is warm & inviting.The nicely appointed kitchen has plenty of white cabinets,a breakfast bar/peninsula,GE appliances & a glass mosaic backsplash.Off the kitchen/dining area,new French doors lead to your large & private backyard which backs to & has direct access to Irby park.Enjoy warm summer days & year-round gatherings on your spacious back patio w/room for lounging,al fresco dining,an above ground hot tub & plenty of grass area for kids to play or a pool.Back inside,there are 4 generously sized bedrooms (not including the office).2 of the bedrooms are on one side of the house & have vaulted ceilings & the other 2 (including the master) are on the other side of the house,making this a great floor plan if you have older children/family living w/you,or you just want separation between sleeping areas.The master suite is off the back of the house & features an en-suite bathroom w/a step-in tile shower.The other bedrooms share a nicely upgraded full hallway bathroom w/a tile shower/tub which connects to a separate laundry room w/counter & cabinet space & direct access to the backyard.Other highlights include recessed lighting,scraped ceilings,dual pane windows & new carpet in the bedrooms,ceiling fans in many rooms & an attached 2-car garage w/direct access & pull down stairs to additional storage,16x8 shed,new fences.Close to award winning schools & Golden West College,Irby Park & Murdy Community Center,as well as the fine dining,entertainment & shops at Main St,Pacific City & Bella Terra.Also nearby is HB Central Park,library & senior center,HB Sports Complex,the equestrian center,Meadowlark golf course,the Wetlands & Huntington Harbour.Easy access to freeways & PCH.Enjoy California coastal living at its finest just in time for the summer!

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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
College View Elementary School Primary Regular 461 17 7
Spring View Middle School Middle Regular 798 32 7
Ocean View High School High Magnet 1,549 58 5

College View Elementary School

  • Education Level: Primary
  • # of students: 461
  • # of teachers: 17
7
GreatSchools Rating

Spring View Middle School

  • Education Level: Middle
  • # of students: 798
  • # of teachers: 32
7
GreatSchools Rating

Ocean View High School

  • Education Level: High
  • # of students: 1,549
  • # of teachers: 58
5
GreatSchools Rating
 

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

PURCHASE PRICE

$3,168$3,872$3,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,520
EXPENSES Loan Payment -$3,647
Property Tax -$1,040
Property Insurance -$71
Property Management Fees -$172
CASH FLOW
-$1,411

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

$3,520

PROJECTED RENT

0.34%

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-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$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 70% 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

0.25

YEARS SAVED

$366

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,520

    LIST RENT
  • $1.92

    LIST RENT PER SQFT
  • $3,747

    COMP ESTIMATED VALUE
  • $2.05

    COMP AVG. RENT PER SQFT
Comps Range
$3,520
1$3,5202$3,7953$3,9004$3,9455$4,000
$4,000
RENT COMPS ANALYSIS
  • 16692 Dale Vista Lane Huntington Beach, CA 1
    • 5 beds 1 baths ∙ 1,830 Sqft ∙ Built 1965 5 beds 1 baths ∙ 1,830 Sqft ∙ Built 1965
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,520
    • $1.92
    •  
  • 16381 Serenade Lane Huntington Beach, CA 2
    • 4 beds 3 baths ∙ 1,907 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,907 Sqft ∙ Built 1968
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $1.99
    •  
  • 16691 Marie Lane Huntington Beach, CA 3
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 1963
    property image
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.99
    •  
  • 6412 Weber Circle Huntington Beach, CA 4
    • 5 beds 2 baths ∙ 1,869 Sqft ∙ Built 1964 5 beds 2 baths ∙ 1,869 Sqft ∙ Built 1964
    property image
    LEASED 06/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,945
    • $2.11
    •  
  • 16262 Bradbury Lane Huntington Beach, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Danny Murphy
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21139563
Last Updated: 07/08/2021
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