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16852 Harvest Lane Huntington Beach, CA 92649

4 Beds 3 Baths 2,017 sqft Built 2001

$1,112,900

List Price

$4,000

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $551.76
  • 3 Days on Market
  • MLS # : LG20256123
  • Updated Date : 12/11/2020 at 16:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,017 sqft
  • Baths : 2 full , 1 half
Listing Agent

Active Realty Inc

Listing Agent's Description

Beautiful 4 bedroom, 2.5 bathroom, 2 story home in the community of Summerlane in Huntington Beach! Enjoy an open floor plan with cathedral ceilings, an inviting fireplace, and laminate wood flooring. The kitchen opens to the family room and features a large center island, elegant white cabinetry, and stainless steel appliances. The primary bedroom offers large closets, a soaking tub, dual vanities, and a walk-in shower in the primary bathroom. Downstairs, sliding doors lead to the outdoor patio which features artificial grass and pavers. Additional property highlights include the 2 car garage with epoxy flooring, laundry room, and built-in cabinetry. Community features include the swimming pool, spa, playground, outdoor barbecue area, and clubhouse. Convenient to the Pacific City outdoor shopping plaza, area beaches, and easy access to major freeways!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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
 

$1,001,610$1,224,190$1,112,900

PURCHASE PRICE

$3,600$4,400$4,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,000
EXPENSES Loan Payment -$4,106
Property Tax -$1,102
Property Insurance -$76
HOA -$114
Property Management Fees -$196
CASH FLOW
-$1,594

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.

$1,112,900

PROJECTED PRICE

$4,000

PROJECTED RENT

0.36%

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$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$300,669

INVESTMENT

$300,669

Down Payment
$278,225
Rehab Estimate
$5,750
Closing Costs
$16,694

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,106

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $278,225
Loan Amount $834,675
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$435

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,000

    LIST RENT
  • $1.98

    LIST RENT PER SQFT
  • $4,009

    COMP ESTIMATED VALUE
  • $1.99

    COMP AVG. RENT PER SQFT
Comps Range
$3,995
1$3,9952$4,0003$4,0004$4,1505$4,200
$4,200
RENT COMPS ANALYSIS
  • 16852 Harvest Lane Huntington Beach, CA 3
    • 4 beds 3 baths ∙ 2,017 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,017 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.98
    •  
  • 16852 Primrose Lane Huntington Beach, CA 1
    • 4 beds 3 baths ∙ 2,077 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,077 Sqft ∙ Built 2002
    property image
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.92
    •  
  • 5176 Acorn Drive Huntington Beach, CA 2
    • 4 beds 3 baths ∙ 2,077 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,077 Sqft ∙ Built 2001
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.93
    •  
  • 16845 Primrose Lane Huntington Beach, CA 4
    • 4 beds 3 baths ∙ 2,003 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,003 Sqft ∙ Built 2001
    property image
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $2.07
    •  
  • 5292 Acorn Drive Huntington Beach, CA 5
    • 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 2001
    property image
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.03
    •  
PROPERTY LISTING DETAILS
Justin Tye
Active Realty Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: LG20256123
Last Updated: 12/11/2020
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