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5452 Edinger Avenue Huntington Beach, CA 92649

4 Beds 3 Baths 2,394 sqft Built 1960

$899,000

List Price

$3,740

$3.5K - $4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $375.52
  • 4 Days on Market
  • MLS # : LG21033669
  • Updated Date : 02/18/2021 at 11:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,394 sqft
  • Baths : 3 full
Listing Agent

Villa Real Estate

Listing Agent's Description

This recently remodeled 2,394 sqft Huntington Beach charmer is a must see! Light and bright interior and a warm open floor plan welcomes you with custom vinyl flooring and new paint throughout. The kitchen boasts a breakfast nook, large kitchen island, Stainless Steel appliances, all while seamlessly flowing into the family room with a stunning stone and brick fireplace. Just outside is the excellently manicured tree lined backyard which is home to fresh lemons, oranges and avocados. 3 bedrooms, 2 baths downstairs with a custom master suite commanding the entire second level. An oversized 36’ two car garage provides ample room for parking and storage with 2 more additional spaces in the driveway. Just a short drive to the beach and conveniently located near all major freeways. Close to Bella Terra Mall, HB Central Park / Library, Sport Complex, Equestrian Center and less than a mile from Huntington Harbor.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)

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
 

$809,100$988,900$899,000

PURCHASE PRICE

$3,366$4,114$3,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,740
EXPENSES Loan Payment -$3,123
Property Tax -$890
Property Insurance -$85
Property Management Fees -$183
CASH FLOW
-$541

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.

$899,000

PROJECTED PRICE

$3,740

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$20,226

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,740

    LIST RENT
  • $1.56

    LIST RENT PER SQFT
  • $3,747

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$3,7403$3,7504$3,8005$4,000
$4,000
RENT COMPS ANALYSIS
  • 5452 Edinger Avenue Huntington Beach, CA 2
    • 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 1960 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,740
    • $1.56
    •  
  • 16022 Melody Lane Huntington Beach, CA 1
    • 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 1963
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.60
    •  
  • 6251 Gloria Drive Huntington Beach, CA 3
    • 5 beds 2 baths ∙ 2,574 Sqft ∙ Built 1964 5 beds 2 baths ∙ 2,574 Sqft ∙ Built 1964
    property image
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.46
    •  
  • 6371 Reubens Drive Huntington Beach, CA 4
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1964
    property image
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.66
    •  
  • 16631 Parlay Circle Huntington Beach, CA 5
    • 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 1977
    property image
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.54
    •  
PROPERTY LISTING DETAILS
John Stanaland
Villa Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: LG21033669
Last Updated: 02/18/2021
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