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129 W 226th Place Carson, CA 90745

3 Beds 2 Baths 1,224 sqft Built 1956

$539,000

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $440.36
  • 3 Days on Market
  • MLS # : SB20239593
  • Updated Date : 11/13/2020 at 21:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,224 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices California Properties

Listing Agent's Description

Welcome to this bright and charming, approximately 1,224 sq ft (per Assessor), 3 bedroom, 1.5 bath home in Carson. This lovely home has a remodeled kitchen, updated bathrooms and wood laminate flooring throughout. You'll be pleasantly surprised by the storage and cupboard space in the kitchen with newer counters. Start the morning with a cup of coffee and the paper in the quaint kitchen nook area and enjoy dinner in the dining room which flows into the spacious living room. The living room is filled with natural light from the sliding glass door leading to the backyard. There are two bedrooms tucked away off of the hallway and the third bedroom which could be an ideal office or guest room with added privacy from the other bedrooms. All bedrooms are complete with ceiling fans and are filled with natural light during the day. The spacious back yard is a blank canvas to make your own...patio area, grass area or both? This beautifully maintained, move-in ready home is walking distance to the local high school and close proximity to Caroldale Learning Community (K-8) and Veteran's Park, a popular community resource for sports and other activities and events. Easy access to the freeway, shopping and local eateries. Welcome home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: South Carson

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $160k622k

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

Neighborhood: South Carson

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800Rent in $14022941

* 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
Caroldale Learning Community School Primary Regular 980 40 5
Caroldale Learning Community School Middle Regular 980 40 5
Carson Senior High School High Regular 1,572 62 3

Caroldale Learning Community School

  • Education Level: Primary
  • # of students: 980
  • # of teachers: 40
5
GreatSchools Rating

Caroldale Learning Community School

  • Education Level: Middle
  • # of students: 980
  • # of teachers: 40
5
GreatSchools Rating

Carson Senior High School

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

$485,100$592,900$539,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$1,989
Property Tax -$613
Property Insurance -$57
Property Management Fees -$127
CASH FLOW
-$195

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.

$539,000

PROJECTED PRICE

$2,590

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 5.8%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,585

INVESTMENT

$148,585

Down Payment
$134,750
Rehab Estimate
$5,750
Closing Costs
$8,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,989

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,750
Loan Amount $404,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$29,785

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $2.12

    LIST RENT PER SQFT
  • $2,384

    COMP ESTIMATED VALUE
  • $1.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,180
1$2,1802$2,5903$2,7004$2,8005$2,990
$2,990
RENT COMPS ANALYSIS
  • 129 W 226th Place Carson, CA 2
    • 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $2.12
    •  
  • 23202 Sesame Street Torrance, CA 1
    • 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1973
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $2.05
    •  
  • 6 Millward Lane Carson, CA 3
    • 4 beds 2 baths ∙ 1,421 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,421 Sqft ∙ Built 1963
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.90
    •  
  • 21244 Menlo Avenue Torrance, CA 4
    • 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1969
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.89
    •  
  • 203 W 226th Place Carson, CA 5
    • 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1956
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $1.95
    •  
PROPERTY LISTING DETAILS
Donna Sugimoto
Berkshire Hathaway Homeservices California Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB20239593
Last Updated: 11/13/2020
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