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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $373.30
- 11 Days on Market
- MLS # : 21682446
- Updated Date : 01/29/2021 at 19:40
CONSTRUCTION
- Beds : 4
- Floor Size : 1,835 sqft
- Baths : 3 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Welcome home! Located in North Carson this spacious home features 4 bedrooms and 3 Full Baths with 1 Bedroom and 1 Bath on the first level. When you first enter you are greeted by a warm living room with a fireplace that leads to a spacious dining area. The Kitchen features plenty of cabinet space for all of you kitchen gadgets and granite countertops. The additional 3 bedrooms are upstairs and include a sizable master bedroom with much desired closet space and en suite bath. An attached 2 car garage with plenty of storage space completes this home. Easy freeway access to the 91, 110 and 405 freeways, shopping, and public transportation. Close to Cal State Dominguez Hills, Dignity Sports Park, short jaunt to LAX and much more! https://app.glide.com/pp/5XnOE1DlhSv32ek7EJQooZ?source=pead
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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: North Carson
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Carson
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,190 |
| EXPENSES | Loan Payment | -$2,379 |
| Property Tax | -$768 | |
| Property Insurance | -$71 | |
| Property Management Fees | -$156 | |
|
CASH FLOW
-$185
|
||
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.
$685,000
PROJECTED PRICE
$3,190
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$187,275
LOAN DETAILS
$2,379
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $171,250 |
| Loan Amount | $513,750 |
5
YEARS SAVED
$35,099
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,190
LIST RENT -
$1.74
LIST RENT PER SQFT
-
$3,144
COMP ESTIMATED VALUE -
$1.71
COMP AVG. RENT PER SQFT
Comps Range
-
17422 Sudbury Court Carson, CA 3
- 4 beds 3 baths ∙ 1,835 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,835 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $3,190
- $1.74
-
19327 Harlan Avenue Carson, CA 1
- 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1964
LEASED 01/22/21- Rent
- Rent Per SQFT
- $2,800
- $1.60
-
17808 Tamcliff Avenue Carson, CA 2
- 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
-
555 E Bradenhall Drive Carson, CA 4
- 4 beds 2 baths ∙ 1,591 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,591 Sqft ∙ Built 1963
LEASED 09/01/19- Rent
- Rent Per SQFT
- $3,200
- $2.01
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: 21682446
Last Updated: 01/29/2021
