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17605 Holly Drive Carson, CA 90746

4 Beds 3 Baths 2,006 sqft Built 1999

$728,000

List Price

$3,370

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $362.91
  • 10 Days on Market
  • MLS # : CV21016255
  • Updated Date : 02/11/2021 at 08:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,006 sqft
  • Baths : 3 full
Listing Agent

Century 21 Masters

Listing Agent's Description

Super clean and well maintained traditional floor plan PUD with all 4 bedrooms upstairs and living space downstairs. Suited with a private yard for extra outdoor space. Fresh paint, newly installed carpet and wood floor awaits for new ownership. Other features include : walking closet in master bedroom, updated bathrooms, laundry hook ups in garage. House located inside a 24 hour guard gated Dominguez hill villa community. Amenities including : community pool, spa, tennis, picnic, clubhouse, club house, playground and many more. Walking distance to Cal state university of Dominguez hills, 5 Minute access to 91 Fwy. Virtual tour link provided at agent remark.

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: 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
Walton Middle School Middle Regular 393 24 1
Compton High School High Regular 2,060 90 2
Walton Middle School Middle Unknown NA

Walton Middle School

  • Education Level: Middle
  • # of students: 393
  • # of teachers: 24
1
GreatSchools Rating

Compton High School

  • Education Level: High
  • # of students: 2,060
  • # of teachers: 90
2
GreatSchools Rating

Walton Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$655,200$800,800$728,000

PURCHASE PRICE

$3,033$3,707$3,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,370
EXPENSES Loan Payment -$2,529
Property Tax -$764
Property Insurance -$76
HOA -$285
Property Management Fees -$165
CASH FLOW
-$448

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.

$728,000

PROJECTED PRICE

$3,370

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

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

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$198,670

INVESTMENT

$198,670

Down Payment
$182,000
Rehab Estimate
$5,750
Closing Costs
$10,920

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,529

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $182,000
Loan Amount $546,000
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$16,845

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,370

    LIST RENT
  • $1.68

    LIST RENT PER SQFT
  • $3,310

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,2953$3,370
$3,370
RENT COMPS ANALYSIS
  • 17605 Holly Drive Carson, CA 3
    • 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $3,370
    • $1.68
    •  
  • 1218 Hickory Drive Carson, CA 1
    • 3 beds 3 baths ∙ 2,006 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,006 Sqft ∙ Built 2000
    LEASED 09/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.62
    •  
  • 17540 Sagebrush Way Carson, CA 2
    • 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 2003
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.68
    •  
PROPERTY LISTING DETAILS
Chieh-jen Ma
Century 21 Masters
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21016255
Last Updated: 02/11/2021
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