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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $495.42
- 104 Days on Market
- MLS # : OC20204379
- Updated Date : 11/02/2020 at 07:01
CONSTRUCTION
- Beds : 4
- Floor Size : 2,400 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Arguably one of the best locations in all of the SeaCliff area townhomes; on a large greenbelt AND stunning views of the wetlands, ocean, mountains and sunsets! This is a phenomenal end unit in the ocean -close, guard gated community of SeaCliff on the Greens! Walk to the beach, the wetlands, the top rated parks and schools and ride your bike to downtown HB or sit and enjoy the views from your huge wrap around patio! Approximately 2,400 square feet of living space in this gorgeously remodeled home with 4 full bedrooms + den/bedroom down with built-ins including murphy bed + large living room with cozy fireplace, 3 full baths! Fabulous upgrades throughout including, new dual paned windows and sliders, new custom paint, neutral hardsurface flooring, many custom ceiling fans throughout, custom window coverings, soaring ceilings, upgraded carpet, new water heater and so much more! Completely remodeled kitchen with granite counters, new white shaker cabinets, upgraded stainless steel appliances, breakfast bar and sunny breakfast nook with slider leading out to large patio. Large master suite with view balcony, cozy fireplace, large walk-in closet and wet bar. Master bath has been completely remodeled with new cabinets, flooring and counters, walk-in shower and separate claw footed soaking tub. Many community pools and spas, walk to the SeaCliff Country Club and prime location within the community! Award winning SeaCliff Elementary School!
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MARKET HIGHLIGHTS
- 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)
- 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.
PRICE & RENT TRENDS
Neighborhood: The Club Series at SeaCliff
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Club Series at SeaCliff
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,440 |
| EXPENSES | Loan Payment | -$4,130 |
| Property Tax | -$1,175 | |
| Property Insurance | -$85 | |
| HOA | -$468 | |
| Property Management Fees | -$218 | |
|
CASH FLOW
-$1,635
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$1,189,000
PROJECTED PRICE
$4,440
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.08% |
| Appreciation Year (1-5) | 5.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.81% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$320,835
LOAN DETAILS
$4,130
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $297,250 |
| Loan Amount | $891,750 |
0.17
YEARS SAVED
$154
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,440
LIST RENT -
$1.85
LIST RENT PER SQFT
-
$4,692
COMP ESTIMATED VALUE -
$1.96
COMP AVG. RENT PER SQFT
Comps Range
-
19237 Meadowood Circle Huntington Beach, CA 2
- 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $4,440
- $1.85
-
19357 Surftide Drive Huntington Beach, CA 1
- 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 1997
LEASED 10/07/19- Rent
- Rent Per SQFT
- $4,200
- $1.95
-
6131 Eaglecrest Drive Huntington Beach, CA 3
- 3 beds 3 baths ∙ 2,476 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,476 Sqft ∙ Built 1989
LEASED 04/04/20- Rent
- Rent Per SQFT
- $4,600
- $1.86
-
19412 Merion Circle Huntington Beach, CA 4
- 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 1988
LEASED 09/21/20- Rent
- Rent Per SQFT
- $4,600
- $2.06
-
6112 Manorfield Drive Huntington Beach, CA 5
- 5 beds 2 baths ∙ 2,438 Sqft ∙ Built 1981 5 beds 2 baths ∙ 2,438 Sqft ∙ Built 1981
LEASED 10/31/19- Rent
- Rent Per SQFT
- $4,750
- $1.95
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20204379
Last Updated: 11/02/2020
