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20953 Cabrillo Lane #45 Huntington Beach, CA 92646

3 Beds 3 Baths 2,772 sqft Built 2002

$1,149,000

List Price

$4,710

$4.5K - $5K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $414.50
  • 4 Days on Market
  • MLS # : OC20264722
  • Updated Date : 01/01/2021 at 06:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,772 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

Welcome home to this meticulously maintained home located in the highly desirable and gated “Beachside” community, which is located just a few blocks from the beach! The open floor plan allows for ample light to fill the home and is perfect for entertaining either in your spacious family room or in the backyard in the ocean breeze with your built-in BBQ. The master bedroom boasts high ceilings, two custom walk-in closets designed by California Closets, a large soaking tub, separate shower and 2 large vanities! The upstairs loft area offers versatility and is perfect for another bedroom, office, workout room or however you envision it. The home is within walking distance to the beach, Pacific City, shopping and much much more! Don’t miss out on this opportunity!

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: Southeast Huntington Beach

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k922k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Southeast Huntington Beach

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19243821

* 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
John R. Peterson Elementary School Primary Regular 652 22 8
Isaac L. Sowers Middle School Middle Regular 1,205 38 9
Edison High School High Regular 2,560 107 9

John R. Peterson Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 22
8
GreatSchools Rating

Isaac L. Sowers Middle School

  • Education Level: Middle
  • # of students: 1,205
  • # of teachers: 38
9
GreatSchools Rating

Edison High School

  • Education Level: High
  • # of students: 2,560
  • # of teachers: 107
9
GreatSchools Rating
 

$1,034,100$1,263,900$1,149,000

PURCHASE PRICE

$4,239$5,181$4,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,710
EXPENSES Loan Payment -$4,239
Property Tax -$1,135
Property Insurance -$94
HOA -$99
Property Management Fees -$231
CASH FLOW
-$1,088

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.

$1,149,000

PROJECTED PRICE

$4,710

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
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$310,235

INVESTMENT

$310,235

Down Payment
$287,250
Rehab Estimate
$5,750
Closing Costs
$17,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,239

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $287,250
Loan Amount $861,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$9,680

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,710

    LIST RENT
  • $1.7

    LIST RENT PER SQFT
  • $4,906

    COMP ESTIMATED VALUE
  • $1.77

    COMP AVG. RENT PER SQFT
Comps Range
$4,500
1$4,5002$4,7003$4,7104$4,8005$4,995
$4,995
RENT COMPS ANALYSIS
  • 20953 Cabrillo Lane Huntington Beach, CA 3
    • 3 beds 3 baths ∙ 2,772 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,772 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $4,710
    • $1.70
    •  
  • 630 Geneva Avenue Huntington Beach, CA 1
    • 3 beds 3 baths ∙ 2,488 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,488 Sqft ∙ Built 1986
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.81
    •  
  • 20854 Cabrillo Lane Huntington Beach, CA 2
    • 3 beds 3 baths ∙ 2,772 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,772 Sqft ∙ Built 2001
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.70
    •  
  • 608 Indianapolis Avenue Huntington Beach, CA 4
    • 4 beds 3 baths ∙ 2,748 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,748 Sqft ∙ Built 2002
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.75
    •  
  • 512 Indianapolis Avenue Huntington Beach, CA 5
    • 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 2002
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,995
    • $1.82
    •  
PROPERTY LISTING DETAILS
Brian Barbour
Berkshire Hathaway Homeservice
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20264722
Last Updated: 01/01/2021
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