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1154 E Renton Street Carson, CA 90745

4 Beds 2 Baths 1,332 sqft Built 1955

$669,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $502.25
  • 5 Days on Market
  • MLS # : CV21061710
  • Updated Date : 03/26/2021 at 10:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,332 sqft
  • Baths : 2 full
Listing Agent

Were Real Estate

Listing Agent's Description

Great Location in the City of Carson. Proud ownership, features 4 bedrooms and 2 remodeled bathrooms. This home has an open floor plan with hardwood flooring throughout. Remodeled kitchen with granite countertops, stainless steel appliance and an island that opens to the dining area with crown molding and recessed lighting. Laundry area in garage. Garage has ben converted into a permitted living area. Spacious backyard, perfect for summer entertainment. This home is located near shopping centers and freeways. Don't Miss Out!

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 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)
  • 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]
  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • 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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Central Carson

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $174k622k

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

Neighborhood: Central Carson

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800Rent in $14342941

* 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
Bonita Street Elementary School Primary Regular 515 22 4
Andrew Carnegie Middle School Middle Regular 915 46 3
Carson Senior High School High Regular 1,572 62 3

Bonita Street Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 22
4
GreatSchools Rating

Andrew Carnegie Middle School

  • Education Level: Middle
  • # of students: 915
  • # of teachers: 46
3
GreatSchools Rating

Carson Senior High School

  • Education Level: High
  • # of students: 1,572
  • # of teachers: 62
3
GreatSchools Rating
 

$602,100$735,900$669,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,324
Property Tax -$824
Property Insurance -$59
Property Management Fees -$138
CASH FLOW
-$525

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.

$669,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
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-$10k-$5.0k$0.0$5.0k$10k$15k

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$183,035

INVESTMENT

$183,035

Down Payment
$167,250
Rehab Estimate
$5,750
Closing Costs
$10,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $167,250
Loan Amount $501,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$9,874

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $2.12

    LIST RENT PER SQFT
  • $2,691

    COMP ESTIMATED VALUE
  • $2.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,8203$2,995
$2,995
RENT COMPS ANALYSIS
  • 1154 E Renton Street Carson, CA 2
    • 4 beds 2 baths ∙ 1,332 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,332 Sqft ∙ Built 1955
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $2.12
    •  
  • 12 Squaw Peak Lane Carson, CA 1
    • 3 beds 2 baths ∙ 1,121 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,121 Sqft ∙ Built 1963
    property image
    LEASED 03/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.96
    •  
  • 1632 E Albreda Street Carson, CA 3
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1964
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.08
    •  
PROPERTY LISTING DETAILS
Wally Elsherif
Were Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21061710
Last Updated: 03/26/2021
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