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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!
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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
* 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 | $3,300 |
| 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
| 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
$217,750
LOAN DETAILS
$2,779
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $200,000 |
| Loan Amount | $599,999 |
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
-
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
Rapid Action Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: IN21022223
Last Updated: 02/13/2021
