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9486 Hollyhock Circle Fountain Valley, CA 92708

4 Beds 3 Baths 1,878 sqft Built 1965

$809,000

List Price

$3,310

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1965
  • Price/Sqft : $430.78
  • 6 Days on Market
  • MLS # : OC20189956
  • Updated Date : 10/29/2020 at 17:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,878 sqft
  • Baths : 3 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Fabulous Westmont Home with Giant Enclosed Patio Addition that Provides Tons of Additional Family-Room-Style Living Space and the Upstairs Bonus Room is a Wonderful 2nd Master Suite Studio Unit, Complete with Walk-In Closet, Private Bathroom, Bay Window, Kitchenette, and Sit-Up Breakfast Bar. It Features 4 Bedrooms (2 are Master Suites - 1 Up & 1 Down), 3 Bathrooms, 1,878 Sq Ft, Plus 370 Sq Ft Enclosed Patio, Gated Concrete RV Parking Pad, 2 Car Direct Access Garage with Storage, an Inside Laundry Room with Storage Cabinetry, New Paint, Brand New Carpet, Refinished Countertops, 4 Skylights, New Light Fixtures in Bathrooms, and Tile Flooring in Entry, Kitchen, and Dining Room. It Boasts a Large Living Room with Skylight, Crackling Fireplace with Mantel, and French Doors that Open to the Family-Room-Style Enclosed Patio. The Sunlit Kitchen has Newly Painted White Cabinetry, Gas Stove, Stainless Dishwasher, Refinished Tile Countertops, a Breakfast Bar, and is Open to the Oversized Dining Room. The Wrap-Around Yard Includes a Gated Courtyard Entry, Concrete RV Parking Side Yard, and a Backyard with an Open Patio, Fruit Trees, and Block Wall Fencing. This Home is Close to Mile Square Park, Shopping, Restaurants, Excellent Schools, Easy Freeway Access, and Just a Short Drive to the Beach, Pier, and Pacific City Nightlife.

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: Fountain Valley

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $243k816k

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

Neighborhood: Fountain Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2180020002200240026002800300032003400Rent in $17723435

* 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
Allen Elementary School Primary Regular 813 29 10
Allen Elementary School Middle Regular 813 29 10
La Quinta High School High Regular 2,142 78 10

Allen Elementary School

  • Education Level: Primary
  • # of students: 813
  • # of teachers: 29
10
GreatSchools Rating

Allen Elementary School

  • Education Level: Middle
  • # of students: 813
  • # of teachers: 29
10
GreatSchools Rating

La Quinta High School

  • Education Level: High
  • # of students: 2,142
  • # of teachers: 78
10
GreatSchools Rating
 

$728,100$889,900$809,000

PURCHASE PRICE

$2,979$3,641$3,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,310
EXPENSES Loan Payment -$2,985
Property Tax -$785
Property Insurance -$72
Property Management Fees -$162
CASH FLOW
-$695

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.

$809,000

PROJECTED PRICE

$3,310

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$220,135

INVESTMENT

$220,135

Down Payment
$202,250
Rehab Estimate
$5,750
Closing Costs
$12,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,985

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $202,250
Loan Amount $606,750
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$12,134

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,310

    LIST RENT
  • $1.76

    LIST RENT PER SQFT
  • $3,263

    COMP ESTIMATED VALUE
  • $1.74

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2503$3,3104$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 9486 Hollyhock Circle Fountain Valley, CA 3
    • 4 beds 3 baths ∙ 1,878 Sqft ∙ Built 1965 4 beds 3 baths ∙ 1,878 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $3,310
    • $1.76
    •  
  • 9433 Geranium Circle Fountain Valley, CA 1
    • 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1965
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.69
    •  
  • 16713 Apple Street Fountain Valley, CA 2
    • 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 1967 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 1967
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.66
    •  
  • 9800 Dandelion Avenue Fountain Valley, CA 4
    • 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 1968
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.79
    •  
  • 9451 Downing Circle Westminster, CA 5
    • 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 1968 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 1968
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.81
    •  
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 #: OC20189956
Last Updated: 10/29/2020
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