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21152 Shaw Lane Huntington Beach, CA 92646

4 Beds 3 Baths 2,859 sqft Built 1976

$1,150,000

List Price

$4,500

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $402.24
  • 5 Days on Market
  • MLS # : OC20246623
  • Updated Date : 11/25/2020 at 16:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,859 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

Welcome to the epitome of beach-close living! The curb appeal of this family home is phenomenal with a large front patio ideal for relaxing and enjoying a glass of wine. The living room provides a bright and airy feel with its high ceilings, allowing a flood of natural light to fill the space and seamlessly flows into the formal dining area. The large kitchen opens to the family room, the ideal space to entertain family and friends. The sliding doors grant you access to your relaxing backyard with mature landscaping. As an added bonus, the lower level features a guest bedroom with a bathroom down the hall. Upstairs, you’ll find three spacious guest bedrooms that share a dual-sink bathroom down the hall, and the primary suite with an attached upgraded bathroom with dual sinks, walk-in shower, and walk-in closet. This pristine family home located walking distance to Edison Park, and just a couple miles to the crashing waves of Huntington Beach, historic Main Street, and Pacific City, will afford you all the luxuries of beach-close living.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
S. A. Moffett Elementary School Primary Regular 573 21 10
Isaac L. Sowers Middle School Middle Regular 1,205 38 9
Edison High School High Regular 2,560 107 9

S. A. Moffett Elementary School

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 21
10
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
 

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

PURCHASE PRICE

$4,050$4,950$4,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,500
EXPENSES Loan Payment -$4,243
Property Tax -$1,159
Property Insurance -$96
Property Management Fees -$221
CASH FLOW
-$1,218

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.

$1,150,000

PROJECTED PRICE

$4,500

PROJECTED RENT

0.39%

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$310,500

INVESTMENT

$310,500

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

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,243

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $287,500
Loan Amount $862,500
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$6,079

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,500

    LIST RENT
  • $1.57

    LIST RENT PER SQFT
  • $4,732

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$4,5003$4,5004$4,5005$4,600
$4,600
RENT COMPS ANALYSIS
  • 21152 Shaw Lane Huntington Beach, CA 4
    • 4 beds 3 baths ∙ 2,859 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,859 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.57
    •  
  • 9511 Bay Meadow Drive Huntington Beach, CA 1
    • 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 1972
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.63
    •  
  • 21792 Oceanbreeze Lane Huntington Beach, CA 2
    • 4 beds 3 baths ∙ 2,960 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,960 Sqft ∙ Built 1977
    property image
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.52
    •  
  • 9531 Borba Circle Huntington Beach, CA 3
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1974
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.73
    •  
  • 9121 Belcaro Drive Huntington Beach, CA 5
    • 3 beds 2 baths ∙ 2,643 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,643 Sqft ∙ Built 1987
    property image
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $1.74
    •  
PROPERTY LISTING DETAILS
Jody Clegg
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20246623
Last Updated: 11/25/2020
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