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9675 Adams Avenue Huntington Beach, CA 92646

3 Beds 2 Baths 1,100 sqft Built 1963

$619,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $562.73
  • 4 Days on Market
  • MLS # : SB21150415
  • Updated Date : 07/10/2021 at 12:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,100 sqft
  • Baths : 1 full , 1 half
Listing Agent

Century 21 Union Realty

Listing Agent's Description

Huntington Beach Village Townhomes. Rare 3 Bdrm 1.5 Ba 1,100sf, beautifully Remodeled throughout! Turn-key ready, all has already been done, just move-in and enjoy this bright and beautiful townhome. Property features custom Kitchen; w/ newer high end Whirlpool Stainless steel appliances including full size stackable washer/dryer, 2 drawer French style refrigerator, Dishwasher, Drop-in gas range w/matching hood-vent, Farmhouse style stainless steel sink, Pantry, white Shaker cabinets w/White sandstone counters and white subway wall tiles, no details were missed! Baths; updated w/newer contemporary style vanities, low flow toilets upstairs has bidet, large custom tiled shower w/rain shower head & clear glass doors. Recessed lighting, Dual Pane windows, Grey/White color scheme, newer water heater, Keyless Door entry w/ Ring camera/doorbell. Direct access to tranquil covered private patio which provides rear entry from parking and storage. Community; Large pool, Jacuzzi, Baths, Children’s play area, Tennis courts, Basketball court, Clubhouse, Greenbelts and low HOA fees. Location Location! You can’t miss close to Beach, desired coastal communities, Good schools, Shopping & Restaurants!

SEE MORE

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: Adams

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $157k831k

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

Neighborhood: Adams

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2140016001800200022002400260028003000320034003600Rent in $13313620

* 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
Isojiro Oka Elementary School Primary Regular 447 18 9
Samuel E. Talbert Middle School Middle Regular 722 29 9
Huntington Beach Adult School High Magnet 2,939 103 9

Isojiro Oka Elementary School

  • Education Level: Primary
  • # of students: 447
  • # of teachers: 18
9
GreatSchools Rating

Samuel E. Talbert Middle School

  • Education Level: Middle
  • # of students: 722
  • # of teachers: 29
9
GreatSchools Rating

Huntington Beach Adult School

  • Education Level: High
  • # of students: 2,939
  • # of teachers: 103
9
GreatSchools Rating
 

$557,100$680,900$619,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$2,150
Property Tax -$628
Property Insurance -$54
HOA -$282
Property Management Fees -$115
CASH FLOW
-$888

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.

$619,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.1%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$169,785

INVESTMENT

$169,785

Down Payment
$154,750
Rehab Estimate
$5,750
Closing Costs
$9,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,150

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $154,750
Loan Amount $464,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$58

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $2.13

    LIST RENT PER SQFT
  • $2,371

    COMP ESTIMATED VALUE
  • $2.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,275
1$2,2752$2,3003$2,3404$2,4955$2,800
$2,800
RENT COMPS ANALYSIS
  • 9675 Adams Avenue Huntington Beach, CA 3
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $2.13
    •  
  • 9671 Adams Avenue Huntington Beach, CA 1
    • 3 beds 2 baths ∙ 1,122 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,122 Sqft ∙ Built 1963
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $2.03
    •  
  • 9639 Adams Avenue Huntington Beach, CA 2
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1963
    property image
    LEASED 12/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $2.09
    •  
  • 19788 Claremont Lane Huntington Beach, CA 4
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1964
    property image
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $2.27
    •  
  • 9591 Adams Avenue Huntington Beach, CA 5
    • 4 beds 2 baths ∙ 1,254 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,254 Sqft ∙ Built 1964
    property image
    LEASED 04/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.23
    •  
PROPERTY LISTING DETAILS
Diana Ritz
Century 21 Union Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB21150415
Last Updated: 07/10/2021
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