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4664 Candleberry Ave
Seal Beach, CA

4664 Candleberry Ave

$1,849,999
3 bd • 3 ba • 2,205 sf

This analysis was generated by artificial intelligence on 1/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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List Price

$1,849,999

Price/Sq.Ft

$839

Year Built

1967

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This extensively renovated Seal Beach property offers exceptional value with its prime location and recent upgrades. At $839/sqft, it's competitively priced compared to the Seal Beach average of $860/sqft. The home boasts $100,000+ in recent renovations, including a new kitchen with quartz countertops ($15,000+ value), new Milgard dual-paned windows ($20,000+ value), and a resurfaced pool and spa ($25,000+ value). The property's flood risk score of 4/10 is better than many coastal properties. Located just 4 miles from the beach and near the Navy Golf Course and Old Ranch Country Club, it offers excellent amenities. The lack of HOA dues saves owners approximately $3,600-$6,000 annually compared to similar properties. The Los Alamitos School District is highly rated (9/10 for elementary and high school), adding significant value for families.

The Bad

The property's price of $1,849,999 is 15% above the Seal Beach median of $1,600,000, which may limit the buyer pool. At 2,205 sqft, it's slightly smaller than the average 4-bedroom home in the area (typically 2,400-2,600 sqft). The home's age (built in 1967) may require additional maintenance despite recent renovations. The estimated insurance cost of $6,659/year is higher than the California average of $1,200/year, likely due to the coastal location and pool. The air quality risk (5/10) and heat risk (5/10) are concerns, with 7 bad air days and 7 hot days per year, which could impact outdoor enjoyment and energy costs.

The Ugly

The total monthly ownership costs are high at approximately $10,700 ($7,700 mortgage + $555 insurance + $1,850 property taxes + $600 estimated maintenance), requiring a household income of $385,000+ (based on a 33% DTI ratio). The property has experienced a significant price drop (7.5% decrease) in a short time, suggesting potential market softening or initial overpricing. The moderate flood risk (4/10) may lead to increasing insurance premiums and potential future mitigation costs. Despite renovations, the home's age means potential for major system replacements in the next 10-15 years, including roof ($20,000+), plumbing ($10,000+), and electrical updates ($8,000+).

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is ideal for high-income professionals or families earning $385,000+ annually who prioritize a coastal lifestyle and excellent schools. It suits those seeking a move-in ready home with luxury finishes and are willing to pay a premium for recent renovations. The property is perfect for entertainers, with its pool, spa, and patio setup. Investors could potentially earn $4,350/month in rent (based on local 3-bedroom rates), though the high purchase price may result in negative cash flow initially.

Not For

Not suitable for first-time homebuyers or those with incomes below $385,000 due to high monthly costs. The property may not appeal to buyers seeking new construction or those unwilling to take on potential long-term maintenance of an older home. Not ideal for investors seeking immediate positive cash flow due to the high purchase price relative to potential rental income. The two-story layout may not suit buyers with mobility issues or those preferring single-level living.
Demographics
Area Median Income

$75,019

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Risk Assessment

Climate Risks

airMAJOR

7 bad air quality days per year

heatMAJOR

7 extreme heat days per year

98th percentile: 88°F

floodMODERATE

FEMA Zone: X_UNSHADED

Insurance: Recommended

fireMINIMAL

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

Climate risks are a significant concern, with moderate flood risk (4/10) potentially leading to increased insurance costs and future mitigation expenses. The major air quality risk (5/10) and heat risk (5/10) could impact quality of life and increase cooling costs. The recent price drop of 7.5% suggests potential market volatility, which could affect future appreciation. The high-end renovations may have over-improved the property for the neighborhood, potentially limiting the buyer pool and future appreciation. Long-term maintenance costs could be substantial due to the home's age, despite recent upgrades.
Insurance
Annual Cost

$6,660

$555 per month

Financials

Monthly Costs

Price History

Property Taxes

$2,256
2024 Tax Assessment
2.6%from previous year
Assessed Value$144,564
Tax Rate1.56%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,348,333

-27.1% below list price

Median Price

$1,370,000

Based on 6 recent sales

Price per Sq.Ft

$646

Comparable Properties

4389 Elder Avenue, Seal Beach, CA 90740
Price: $1,640,000
Sq.Ft: 2,205
Beds/Baths: 4/3
$/Sq.Ft:
$74411.4%
Sale Date: 11/1/2024
3850 Wisteria Street, Seal Beach, CA 90740
Price: $1,370,000
Sq.Ft: 2,120
Beds/Baths: 4/3
$/Sq.Ft:
$64623.0%
Sale Date: 9/26/2024
5161 Princeton Avenue, Westminster, CA 92683
Price: $1,430,000
Sq.Ft: 2,518
Beds/Baths: 4/3
$/Sq.Ft:
$56832.3%
Sale Date: 10/18/2024
12321 Glacier Circle, Los Alamitos, CA 90720
Price: $1,100,000
Sq.Ft: 1,902
Beds/Baths: 4/3
$/Sq.Ft:
$57831.1%
Sale Date: 10/11/2024
5321 Santa Monica Avenue, Garden Grove, CA 92845
Price: $1,350,000
Sq.Ft: 1,905
Beds/Baths: 4/3
$/Sq.Ft:
$70915.5%
Sale Date: 9/25/2024
12332 Glacier Circle, Los Alamitos, CA 90720
Price: $1,200,000
Sq.Ft: 1,902
Beds/Baths: 4/3
$/Sq.Ft:
$63124.8%
Sale Date: 8/23/2024

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