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19436 Harlan Avenue Carson, CA 90746

4 Beds 3 Baths 2,218 sqft Built 1964

$799,999

List Price

$3,300

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $360.68
  • 12 Days on Market
  • MLS # : IN21022223
  • Updated Date : 02/13/2021 at 20:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,218 sqft
  • Baths : 3 full
Listing Agent

Rapid Action Realty

Listing Agent's Description

We are proud to present a beautiful Carson home that is displayed with impeccable pride in ownership. This wonderful home has been in the family for 2 generations and they are looking for a family that will love it like they did. Centrally located near the Southbay Pavillion. It has many upgrades including the kitchen and all bathrooms. New roof and landscaping lighting, exterior and interior paint upgraded in 2020. Zoned sprinklers, zoned heating and A/C, water fountain and 3 car stamped driveway. Wonderful for outside entertaining with a beautiful patio, enclosed spa room and built in bar with beer tap and bar frig - Great home for entertaining. Ceiling fans throughout, window blinds and elegant shutters in the living room. Closets are all professionally organized and master closet is cedar lined. This home won't last long!

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
Broadacres Avenue Elementary School Primary Regular 291 13 7
Glenn Hammond Curtiss Middle School Middle Regular 581 30 5
Broadacres Avenue Elementary School Primary Unknown NA

Broadacres Avenue Elementary School

  • Education Level: Primary
  • # of students: 291
  • # of teachers: 13
7
GreatSchools Rating

Glenn Hammond Curtiss Middle School

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

Broadacres Avenue Elementary School

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

$719,999$879,999$799,999

PURCHASE PRICE

$2,970$3,630$3,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,300
EXPENSES Loan Payment -$2,779
Property Tax -$899
Property Insurance -$81
Property Management Fees -$162
CASH FLOW
-$620

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.

$799,999

PROJECTED PRICE

$3,300

PROJECTED RENT

0.41%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,750

INVESTMENT

$217,750

Down Payment
$200,000
Rehab Estimate
$5,750
Closing Costs
$12,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,779

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $200,000
Loan Amount $599,999
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$12,643

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,300

    LIST RENT
  • $1.49

    LIST RENT PER SQFT
  • $3,704

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,3003$3,500
$3,500
RENT COMPS ANALYSIS
  • 19436 Harlan Avenue Carson, CA 2
    • 4 beds 3 baths ∙ 2,218 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,218 Sqft ∙ Built 1964
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.49
    •  
  • 17808 Tamcliff Avenue Carson, CA 1
    • 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 1966
    property image
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.53
    •  
  • 18618 Bonham Avenue Carson, CA 3
    • 5 beds 3 baths ∙ 1,938 Sqft ∙ Built 1953 5 beds 3 baths ∙ 1,938 Sqft ∙ Built 1953
    property image
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.81
    •  
PROPERTY LISTING DETAILS
Anita Jones
Rapid Action Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IN21022223
Last Updated: 02/13/2021
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