Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7801 Lori Drive Huntington Beach, CA 92648

3 Beds 3 Baths 1,932 sqft Built 1980

$995,000

List Price

$3,480

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $515.01
  • 2 Days on Market
  • MLS # : OC21047130
  • Updated Date : 03/06/2021 at 13:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,932 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Newly Remodeled Home in Huntington Village Estates! This Flawless Home is nestled in an interior tract location with distinguished curb appeal. The New Landscaping includes high quality turf, sprinkler system and low voltage lighting that make for beautiful Low Maintenance Outdoor Living in the Private Yard. The Interior boasts Wood Floors, New paint, Expanded Remodeled Kitchen with Stainless Steel Appliances. All new LED Lighting throughout the home to showcase the High End Finishes. The Bathrooms feature Dual Sinks with Designer Tile, high end Toto Toilets and stand alone tub in master bath. The Upstairs Loft is perfect for an Office Space or Guest Area. This is truly like a brand new home including: all newer Dual Pane Vinyl Windows, interior Raised Panel Doors, New Water Heater w/ re-circulator, Whole House Fan, all new outlets and dimmer light switches. The Finished Garage offers Extra Storage Space with pull down ladder access to huge attic, built-in cabinets and storage racks for the ultimate organization. This Designer Home is meticulous with complete attention to detail. Very Impressive, Must See!

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: 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
Hope View Elementary School Primary Regular 677 24 9
Mesa View Middle School Middle Magnet 806 34 9
Ocean View High School High Magnet 1,549 58 5

Hope View Elementary School

  • Education Level: Primary
  • # of students: 677
  • # of teachers: 24
9
GreatSchools Rating

Mesa View Middle School

  • Education Level: Middle
  • # of students: 806
  • # of teachers: 34
9
GreatSchools Rating

Ocean View High School

  • Education Level: High
  • # of students: 1,549
  • # of teachers: 58
5
GreatSchools Rating
 

$895,500$1,094,500$995,000

PURCHASE PRICE

$3,132$3,828$3,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,480
EXPENSES Loan Payment -$3,456
Property Tax -$1,005
Property Insurance -$74
HOA -$180
Property Management Fees -$171
CASH FLOW
-$1,405

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.

$995,000

PROJECTED PRICE

$3,480

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$269,425

INVESTMENT

$269,425

Down Payment
$248,750
Rehab Estimate
$5,750
Closing Costs
$14,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,456

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $248,750
Loan Amount $746,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$152

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,480

    LIST RENT
  • $1.8

    LIST RENT PER SQFT
  • $3,700

    COMP ESTIMATED VALUE
  • $1.92

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,4803$3,6004$3,9005$4,150
$4,150
RENT COMPS ANALYSIS
  • 7801 Lori Drive Huntington Beach, CA 2
    • 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $3,480
    • $1.80
    •  
  • 19096 Queensport Lane Huntington Beach, CA 1
    • 3 beds 3 baths ∙ 1,815 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,815 Sqft ∙ Built 1989
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.82
    •  
  • 18462 Gina Lane Huntington Beach, CA 3
    • 4 beds 3 baths ∙ 1,898 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,898 Sqft ∙ Built 1977
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.90
    •  
  • 7813 Garfield Avenue Huntington Beach, CA 4
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2000
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.95
    •  
  • 7795 Lori Drive Huntington Beach, CA 5
    • 4 beds 3 baths ∙ 2,087 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,087 Sqft ∙ Built 1980
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $1.99
    •  
PROPERTY LISTING DETAILS
Heather Albertson
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21047130
Last Updated: 03/06/2021
BESbswy