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8802 De Ville Circle Huntington Beach, CA 92647

4 Beds 2 Baths 1,749 sqft Built 1961

$879,000

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $502.57
  • 16 Days on Market
  • MLS # : PW20229931
  • Updated Date : 11/10/2020 at 19:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,749 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

You probably thought you couldn’t buy such a charming single-family home in Surf City for this price. Think again! Virtually walk thru 3D tour & take measurements here: https://my.matterport.com/show/?m=D27yBNpWbns&brand=0 This striking residence has been artfully redesigned, upgraded & expanded to a modern open floor plan surpassing everything in this price range. Must See! Nestled on a tree-lined cul-de-sac & backing Pleasant View Park offering rare privacy & peaceful views on a large grassy lot, this classic abode presents single-level living & versatile approx 400 sq.ft. bonus room (4th BR) above garage that some have converted to second master or private guest house w/separate entry for passive income potential, multi-generation living or evolving work/home lifestyles… the possibilities are endless! Cozy fireplace & walls of windows frame an inviting great room bathed in natural light & flowing seamlessly into casual dining & upgraded chef-inspired kitchen, the ultimate setting for comfortable living. Sprawling backyard boasts lush fruit trees & ample space to create a secluded outdoor paradise for entertaining. Walking distance to the newly modernized Westmont Elementary Visual & Performing Arts Academy, conveniently located near Bella Terra for shopping, dining & entertainment, & just 5 miles from the beach, downtown Main Street, & Pacific City, this home is an investment in your future & without a doubt the best deal in town. Schedule your showing before it’s gone!

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
Westmont Elementary School Primary Regular 351 16 4
Vista View Middle School Middle Regular 698 30 7
Ocean View High School High Magnet 1,549 58 5

Westmont Elementary School

  • Education Level: Primary
  • # of students: 351
  • # of teachers: 16
4
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
 

$791,100$966,900$879,000

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$3,243
Property Tax -$887
Property Insurance -$69
Property Management Fees -$154
CASH FLOW
-$1,214

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.

$879,000

PROJECTED PRICE

$3,140

PROJECTED RENT

0.36%

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-$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$238,685

INVESTMENT

$238,685

Down Payment
$219,750
Rehab Estimate
$5,750
Closing Costs
$13,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,243

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $219,750
Loan Amount $659,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$536

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,140

    LIST RENT
  • $1.8

    LIST RENT PER SQFT
  • $3,174

    COMP ESTIMATED VALUE
  • $1.82

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,1403$3,2004$3,2005$3,300
$3,300
RENT COMPS ANALYSIS
  • 8802 De Ville Circle Huntington Beach, CA 2
    • 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,140
    • $1.80
    •  
  • 8311 Lambert Drive Huntington Beach, CA 1
    • 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1962
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.73
    •  
  • 17071 Ross Street Fountain Valley, CA 3
    • 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 1976
    property image
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.82
    •  
  • 9433 Geranium Circle Fountain Valley, CA 4
    • 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1965
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.69
    •  
  • 8382 Polder Circle Huntington Beach, CA 5
    • 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1962
    property image
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.02
    •  
PROPERTY LISTING DETAILS
Monica Carr
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20229931
Last Updated: 11/10/2020
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