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1209 E Helmick Street Carson, CA 90746

5 Beds 3 Baths 2,183 sqft Built 1971

$734,900

List Price

$3,520

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $336.65
  • 3 Days on Market
  • MLS # : PW20256207
  • Updated Date : 12/12/2020 at 13:22
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,183 sqft
  • Baths : 3 full
Listing Agent

Ksreinv Inc.

Listing Agent's Description

Welcome home to this open concept spacious 5 Bedroom, 3 Bathroom in the highly desirable area of Carson! This home features a grand entrance with double doors, a sunken living room with vaulted ceilings and recessed lighting. Enjoy entertaining in your formal dining room with french doors that open up to the enclosed patio, or cooking in your kitchen that overlooks the family room with a cozy stone fireplace that is a beautiful focal point. Downstairs you will find a full bedroom and bathroom perfect for an at home office or inlaw suite. Up the grand stair case there are 4 bedrooms and 2 full bathrooms, one is an ensuite. Dual paned windows throughout, central Air Conditioning and plantation shutters are just some of the features this home has to offer. Close to South Bay Pavillion at Carson and the 405/110/91 Freeways, this home is the one you have been waiting for!

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MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: North Carson

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $174k622k

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

Neighborhood: North Carson

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000Rent in $14553104

* 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
Annalee Avenue Elementary School Primary Regular 267 12 2
Glenn Hammond Curtiss Middle School Middle Regular 581 30 5
Rancho Dominguez Prepatory School High Regular 1,115 47 3

Annalee Avenue Elementary School

  • Education Level: Primary
  • # of students: 267
  • # of teachers: 12
2
GreatSchools Rating

Glenn Hammond Curtiss Middle School

  • Education Level: Middle
  • # of students: 581
  • # of teachers: 30
5
GreatSchools Rating

Rancho Dominguez Prepatory School

  • Education Level: High
  • # of students: 1,115
  • # of teachers: 47
3
GreatSchools Rating
 

$661,410$808,390$734,900

PURCHASE PRICE

$3,168$3,872$3,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,520
EXPENSES Loan Payment -$2,711
Property Tax -$826
Property Insurance -$80
Property Management Fees -$172
CASH FLOW
-$270

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.

$734,900

PROJECTED PRICE

$3,520

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 7.4%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$200,499

INVESTMENT

$200,499

Down Payment
$183,725
Rehab Estimate
$5,750
Closing Costs
$11,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,711

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $183,725
Loan Amount $551,175
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$40,700

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,520

    LIST RENT
  • $1.61

    LIST RENT PER SQFT
  • $3,646

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,5003$3,520
$3,520
RENT COMPS ANALYSIS
  • 1209 E Helmick Street Carson, CA 3
    • 5 beds 3 baths ∙ 2,183 Sqft ∙ Built 1971 5 beds 3 baths ∙ 2,183 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $3,520
    • $1.61
    •  
  • 17808 Tamcliff Avenue Carson, CA 1
    • 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 1966
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.53
    •  
  • 18618 Bonham Avenue Carson, CA 2
    • 5 beds 3 baths ∙ 1,938 Sqft ∙ Built 1953 5 beds 3 baths ∙ 1,938 Sqft ∙ Built 1953
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.81
    •  
PROPERTY LISTING DETAILS
Sandra Feliciano
Ksreinv Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20256207
Last Updated: 12/12/2020
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