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5132 Edinger Avenue Huntington Beach, CA 92649

3 Beds 2 Baths 2,257 sqft Built 1959

$1,149,000

List Price

$3,830

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $509.08
  • 3 Days on Market
  • MLS # : OC21004398
  • Updated Date : 01/09/2021 at 11:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,257 sqft
  • Baths : 2 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Rare Find! You will be amazed with all the upgrades that this One-of-A-Kind Property has to Offer! Sprawling Single Story Pool Home w/2,257 SF, on 9,860 SF Lot that Includes recently replaced AC/HVAC System , Paid-For Solar System, Oversized RV Parking Pad w/Electric Gate Access from Alley accommodates 30 ft Boat/RV, 4-Car Tandem Garage w/New Garage Door, Park-Like Backyard that's Perfect for Entertaining, w/Extensive Lawn, Paver Hardscape, Elegant Black-Bottom Pebble Tec Pool & Bubbling Spa, Large Outdoor Living Space Under Newer "All-Pro" Covered Patio + Stucco Wall Fencing. The Incredible Upgrades Don't Stop Here! This Home Also Boasts: Hardwood Flooring, Dual Pane Windows, Skylights, Recessed Lighting, Crown Molding, Ceiling Fans, Custom Built-Ins, Raised Panel Doors, California Closet Organizers, Remodeled Bathrm, and an Amazing Chef-Inspired Kitchen that Includes: Granite Countertops, Huge Center Island, Professional-Grade Viking Range & Hood, New Dishwasher, Refaced White Shaker Cabinetry, Giant Walk-In Pantry w/Auto Lighting & Etched Glass Door, and Large Casual Dining Rm. There is a Lovely Living Rm w/Formal Dining Area, Wall of Custom Built-In Shelving/Cabinets library, & Giant Family Rm. All 3 Bedrms are Oversized. Lrg Inside Laundry/Hobby Rm. The Master Suite has Auto-Lighted Walk-In Closet, Retreat Area,Gorgeous Travertine Bathrm w/Dual Sinks & Oversized Shower. Remodeled Guest Bath w Tub/Shower Combo w/Subway Tile & Glass Tile Inlay. Close to Beach, & Shopping

SEE MORE

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: Bolsa Chica-Heil

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $227k831k

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

Neighborhood: Bolsa Chica-Heil

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21800200022002400260028003000320034003600Rent in $16353620

* 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
 

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

PURCHASE PRICE

$3,447$4,213$3,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,830
EXPENSES Loan Payment -$3,991
Property Tax -$1,138
Property Insurance -$82
Property Management Fees -$188
CASH FLOW
-$1,568

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.

$1,149,000

PROJECTED PRICE

$3,830

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 4.6%
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$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 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,991

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $287,250
Loan Amount $861,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$318

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,830

    LIST RENT
  • $1.7

    LIST RENT PER SQFT
  • $3,837

    COMP ESTIMATED VALUE
  • $1.7

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,5503$3,7004$3,8305$3,900
$3,900
RENT COMPS ANALYSIS
  • 5132 Edinger Avenue Huntington Beach, CA 4
    • 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 1959 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $3,830
    • $1.70
    •  
  • 16282 Bradbury Lane Huntington Beach, CA 1
    • 3 beds 1 baths ∙ 1,928 Sqft ∙ Built 1964 3 beds 1 baths ∙ 1,928 Sqft ∙ Built 1964
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.66
    •  
  • 15362 Andaman Lane Huntington Beach, CA 2
    • 3 beds 2 baths ∙ 1,959 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,959 Sqft ∙ Built 1966
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.81
    •  
  • 16022 Melody Lane Huntington Beach, CA 3
    • 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 1963
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.60
    •  
  • 4201 Davis Cup Drive Huntington Beach, CA 5
    • 3 beds 3 baths ∙ 2,260 Sqft ∙ Built 1972 3 beds 3 baths ∙ 2,260 Sqft ∙ Built 1972
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.73
    •  
PROPERTY LISTING DETAILS
Chelsea Sullivan
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21004398
Last Updated: 01/09/2021
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