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1726 E 213th Street Carson, CA 90745

4 Beds 2 Baths 1,853 sqft Built 1964

$699,980

List Price

$3,180

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $377.75
  • 4 Days on Market
  • MLS # : PW20236273
  • Updated Date : 11/12/2020 at 14:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,853 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Central Carson Beauty on an oversized corner lot is your perfect forever home. This large 4 bedroom house is move in ready, yet has enough space to creatively expand or redesign to accommodate all your needs. The home had great curb appeal, presenting as a traditional two story home with a long driveway, automatic garage door and lovely fenced in front lawn. As you enter you note, warm, laminate wood floors throughout the living areas, an updated kitchen with tile floors, granite counters, custom backsplash and a versatile breakfast/wine bar that open to the dining area. From the dining room you can access the large side patio expanding the eating/cooking area outdoors making the most of your SoCal lifestyle. The living room features a traditional center fireplace and sliding doors to the back yard and pool. There are two nicely sized bedroom and a full bathroom downstairs that are great as guest rooms, offices or both! Upstairs there are two more bedrooms with a Jack and Jill, two vanity bathroom providing even more options for sleeping arrangements or working from home. This home has so much space and possibilities it needs to be seen in person. There are just as many indoor living spaces as there are outdoor ones. There is a spot for your every need or activity -- or just any whim. Lovingly maintained, and ideally located in Carson, near public and private schools, a quick drive to the freeway, the beach, LA or even OC, come see it fast!

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: 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
Del Amo Elementary School Primary Regular 374 18 4
Andrew Carnegie Middle School Middle Regular 915 46 3
Rancho Dominguez Prepatory School High Regular 1,115 47 3

Del Amo Elementary School

  • Education Level: Primary
  • # of students: 374
  • # of teachers: 18
4
GreatSchools Rating

Andrew Carnegie Middle School

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

Rancho Dominguez Prepatory School

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

$629,982$769,978$699,980

PURCHASE PRICE

$2,862$3,498$3,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,180
EXPENSES Loan Payment -$2,583
Property Tax -$796
Property Insurance -$72
Property Management Fees -$156
CASH FLOW
-$426

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.

$699,980

PROJECTED PRICE

$3,180

PROJECTED RENT

0.45%

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$20k$25k

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$191,245

INVESTMENT

$191,245

Down Payment
$174,995
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,995
Loan Amount $524,985
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$23,707

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,180

    LIST RENT
  • $1.72

    LIST RENT PER SQFT
  • $3,354

    COMP ESTIMATED VALUE
  • $1.81

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1803$3,1954$3,395
$3,395
RENT COMPS ANALYSIS
  • 1726 E 213th Street Carson, CA 2
    • 4 beds 2 baths ∙ 1,853 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,853 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $3,180
    • $1.72
    •  
  • 1747 E Helmick Street Carson, CA 1
    • 4 beds 2 baths ∙ 2,161 Sqft ∙ Built 1964 4 beds 2 baths ∙ 2,161 Sqft ∙ Built 1964
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.39
    •  
  • 19113 Radlett Avenue Carson, CA 3
    • 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1965
    LEASED 05/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $2.06
    •  
  • 20003 Pricetown Avenue Carson, CA 4
    • 4 beds 2 baths ∙ 1,718 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,718 Sqft ∙ Built 1971
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.98
    •  
PROPERTY LISTING DETAILS
Costanza Genoese Zerbi
Redfin Corporation
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20236273
Last Updated: 11/12/2020
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