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8012 Taylor Drive Huntington Beach, CA 92646

4 Beds 3 Baths 2,122 sqft Built 1959

$1,099,000

List Price

$4,020

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $517.91
  • 7 Days on Market
  • MLS # : OC21114757
  • Updated Date : 07/09/2021 at 08:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,122 sqft
  • Baths : 3 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Less than 4 Miles to the Beach, Yet Reminiscent of a Stunning Tudor Estate in the English Countryside, this One-of-a-Kind Expanded Two-Story Pool Home Boasts Gorgeous Curb Appeal with White Picket Fence, Exquisite English Gardens, Walking Paths, Vine Covered Pergola, and Long Brick-Accented Driveway Surrounded by Lush Foliage. Step Inside and Feel the Warmth and Charm of this Exceptional Home with 4 Bedrooms (2 are Master Suites, 1 Up & 1 Down), 3 Remodeled Bathrooms, and 2,122 SQFT is Situated on an Extra Large Lot with 7,392 SQFT. It Boasts an Amazing Upstairs Addition that Includes Huge Great Room Living Area with Cathedral Ceiling, Ceiling Fans, Wet Bar/Kitchenette with White Cabinetry, Dining Area, French Slider to Balcony with Sunset Views, Large Master Suite with Walk-In Closet, Bay Window, Window Seat, and Ensuite Bathroom with Granite Countertops, Dual Sinks, Sit-Down Vanity, Storage Shelving, and Pocket Door to Private Tub/Shower Combo with Floor-to-Ceiling Tile Surround -- this Addition is a Complete 2nd Home Upstairs! This Amazing Home is Beautifully Appointed Throughout, Including: Luxury Wood Vinyl Flooring Throughout Entire Home; French-Style Dual Pane Windows/Sliders, Extensive LED Recessed Lighting, 2-Panel Solid Wood Interior Doors, Custom Window & Door Casements, Custom Blinds & Window Shades, Designer Paint, Ceiling Fans, and White Brick Fireplace with Mantel in Living Room. The Remodeled Kitchen Features Granite Countertops, Wrap-Around Breakfast Bar, Stainless Appliances (Gas Range, Microwave, Dishwasher), Custom White Shaker Cabinetry with Brushed Nickel Handles & Hidden Trash. French Sliders Open from Dining Room & 2 Downstairs Bedrooms to the Lovely Tranquil Backyard with Ocean Breezes, Sparkling Saltwater Pool, Lawn, Cedar Covered Patio with Tile & Red Paver Deck, Flowering Gardens, and Block Wall Fencing -- Perfect for Summer BBQ's, End-of-Day Relaxing, and Large Family Gatherings. Downstairs Master has a Chic Remodeled Bathroom with Beadboard Wainscoting, Marble Vanity, Black & White Retro Tile Flooring, and Large Walk-In Shower with Subway Tile Surround w/Inlay Tile. Beautifully Remodeled Guest Bathroom with Tile Flooring, Beadboard Wainscoting, Marble Vanity, Tiled Tub/Shower Combo with Glass Mosaic Tile Inlay. This Home has it All, Plus Close to Shopping, Dining, Parks, and Excellent Schools.

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MARKET HIGHLIGHTS

  • 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.
  • 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]

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
Lake View Elementary School Primary Regular 312 14 6
Vista View Middle School Middle Regular 698 30 7
Ocean View High School High Magnet 1,549 58 5

Lake View Elementary School

  • Education Level: Primary
  • # of students: 312
  • # of teachers: 14
6
GreatSchools Rating

Vista View Middle School

  • Education Level: Middle
  • # of students: 698
  • # of teachers: 30
7
GreatSchools Rating

Ocean View High School

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

$989,100$1,208,900$1,099,000

PURCHASE PRICE

$3,618$4,422$4,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,020
EXPENSES Loan Payment -$3,817
Property Tax -$1,109
Property Insurance -$78
Property Management Fees -$197
CASH FLOW
-$1,182

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.

$1,099,000

PROJECTED PRICE

$4,020

PROJECTED RENT

0.37%

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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$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$296,985

INVESTMENT

$296,985

Down Payment
$274,750
Rehab Estimate
$5,750
Closing Costs
$16,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,817

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $274,750
Loan Amount $824,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,407

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,020

    LIST RENT
  • $1.89

    LIST RENT PER SQFT
  • $3,989

    COMP ESTIMATED VALUE
  • $1.88

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$3,8503$3,8504$4,0205$4,100
$4,100
RENT COMPS ANALYSIS
  • 8012 Taylor Drive Huntington Beach, CA 4
    • 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 1959 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $4,020
    • $1.89
    •  
  • 18186 Sharon Lane Huntington Beach, CA 1
    • 4 beds 3 baths ∙ 2,087 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,087 Sqft ∙ Built 1979
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.82
    •  
  • 8542 Windlass Drive Huntington Beach, CA 2
    • 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 1975
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.75
    •  
  • 8896 Thames River Avenue Fountain Valley, CA 3
    • 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1972
    LEASED 06/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.92
    •  
  • 18893 Santa Isadora Street Fountain Valley, CA 5
    • 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 1975 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 1975
    LEASED 03/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $2.03
    •  
PROPERTY LISTING DETAILS
Lily Campbell
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21114757
Last Updated: 07/09/2021
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