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6052 Kimberly Drive Huntington Beach, CA 92647

3 Beds 1 Baths 2,349 sqft Built 1964

$939,000

List Price

$3,320

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $399.74
  • 3 Days on Market
  • MLS # : PW20251763
  • Updated Date : 12/05/2020 at 19:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,349 sqft
  • Baths : 1 full
Listing Agent

Cba

Listing Agent's Description

Nestled in a quiet cul-de-sac this beautiful updated and remodeled pool home has been meticulously maintained. This is the largest home in the neighborhood, boasting almost 2,400 square feet of living space. Front landscape is plush and charming with a manicured lawn and perfectly trimmed hedges. The large curved driveway is big enough for the owners RV, with room for another vehicle. The grand double-door entry takes you into a large foyer with built-in cabinets. The living room is spacious and open with tiled floors and recessed lighting and two dual paned sliders and a fireplace. The oversized granite peninsula is perfect to gather around while entertaining and ideal for the chef in the family. The stone backsplash compliments the stainless steel appliances perfectly. The original master suite is located at the end of a long hallway with a huge walk-in closet and built in cabinets and makeup table. The master bath has a walk in shower and modern and updated vanity and sink. An office nook is adjacent to the master bedroom perfect those of us working from home. The fully permitted 900 square foot addition is located upstairs. Ideally, it could be used as a luxurious master suite with a breath taking large bathroom, dual sinks, large shower, and built in closet shelving. The room itself is massive and is likely to be your favorite place in the house. The backyard is the perfect summer hangout, with plenty of patio space and a large sparkling pool.

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: Huntington Beach

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $243k844k

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

Neighborhood: Huntington Beach

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21800200022002400260028003000320034003600Rent in $17803620

* 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
Schroeder Elementary School Primary Regular 636 25 8
Helen Stacey Middle School Middle Regular 907 39 8
Marina High School High Regular 2,438 93 9

Schroeder Elementary School

  • Education Level: Primary
  • # of students: 636
  • # of teachers: 25
8
GreatSchools Rating

Helen Stacey Middle School

  • Education Level: Middle
  • # of students: 907
  • # of teachers: 39
8
GreatSchools Rating

Marina High School

  • Education Level: High
  • # of students: 2,438
  • # of teachers: 93
9
GreatSchools Rating
 

$845,100$1,032,900$939,000

PURCHASE PRICE

$2,988$3,652$3,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,320
EXPENSES Loan Payment -$3,464
Property Tax -$967
Property Insurance -$84
Property Management Fees -$163
CASH FLOW
-$1,358

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.

$939,000

PROJECTED PRICE

$3,320

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.2%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$254,585

INVESTMENT

$254,585

Down Payment
$234,750
Rehab Estimate
$5,750
Closing Costs
$14,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,464

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $234,750
Loan Amount $704,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$322

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,320

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $3,694

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$3,320
1$3,3202$3,7003$3,8004$3,8005$3,900
$3,900
RENT COMPS ANALYSIS
  • 6052 Kimberly Drive Huntington Beach, CA 1
    • 4 beds 2 baths ∙ 2,349 Sqft ∙ Built 1964 4 beds 2 baths ∙ 2,349 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $3,320
    • $1.41
    •  
  • 6071 Montecito Drive Huntington Beach, CA 2
    • 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 1965
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.56
    •  
  • 6371 Reubens Drive Huntington Beach, CA 3
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1964
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.66
    •  
  • 6472 Flint Drive Huntington Beach, CA 4
    • 4 beds 2 baths ∙ 2,500 Sqft ∙ Built 1965 4 beds 2 baths ∙ 2,500 Sqft ∙ Built 1965
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.52
    •  
  • 15601 Whiteoak Lane Huntington Beach, CA 5
    • 5 beds 3 baths ∙ 2,520 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,520 Sqft ∙ Built 1972
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.55
    •  
PROPERTY LISTING DETAILS
John Chace
Cba
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20251763
Last Updated: 12/05/2020
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