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21208 Lynton Avenue Carson, CA 90745

3 Beds 2 Baths 1,176 sqft Built 1960

$595,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1960
  • Price/Sqft : $505.95
  • 7 Days on Market
  • MLS # : DW20228061
  • Updated Date : 11/02/2020 at 13:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,176 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway H.s.c.p.

Listing Agent's Description

This great home in the neighborhood of Carson. has 3 bedrooms and 2 full bathrooms, showing 4 bedrooms in title, From the outside, you will notice a nice front corner yard.  The driveway has enough room for 4 cars and still have 2 car garage. As you walk into the home you will notice the kitchen with lots of cabinets and counter space. The living room is a good size to put a sectional and enjoy your time with your family. You have 3 good size bedrooms with a Beautiful master that has a bathroom, This property is near lots of great places to be in Carson as well as markets and parks fwys. It also has a Whole house fan throughout the home.

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
Carson Street Elementary School Primary Regular 700 30 8
Stephen M White Middle School Middle Regular 1,656 64 5
Carson Senior High School High Regular 1,572 62 3

Carson Street Elementary School

  • Education Level: Primary
  • # of students: 700
  • # of teachers: 30
8
GreatSchools Rating

Stephen M White Middle School

  • Education Level: Middle
  • # of students: 1,656
  • # of teachers: 64
5
GreatSchools Rating

Carson Senior High School

  • Education Level: High
  • # of students: 1,572
  • # of teachers: 62
3
GreatSchools Rating
 

$535,500$654,500$595,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,195
Property Tax -$671
Property Insurance -$56
Property Management Fees -$127
CASH FLOW
-$449

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.

$595,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.44%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$163,425

INVESTMENT

$163,425

Down Payment
$148,750
Rehab Estimate
$5,750
Closing Costs
$8,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,195

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $148,750
Loan Amount $446,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$13,888

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $2.21

    LIST RENT PER SQFT
  • $2,297

    COMP ESTIMATED VALUE
  • $1.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,8003$2,9004$3,000
$3,000
RENT COMPS ANALYSIS
  • 21208 Lynton Avenue Carson, CA 1
    • 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $2.21
    •  
  • 21244 Menlo Avenue Torrance, CA 2
    • 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1969
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.89
    •  
  • 22533 S Vermont Avenue Torrance, CA 3
    • 3 beds 3 baths ∙ 1,454 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,454 Sqft ∙ Built 1980
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.99
    •  
  • 21212 Mariposa Avenue Torrance, CA 4
    • 3 beds 1 baths ∙ 1,514 Sqft ∙ Built 1959 3 beds 1 baths ∙ 1,514 Sqft ∙ Built 1959
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.98
    •  
PROPERTY LISTING DETAILS
Ruben Mendoza
Berkshire Hathaway H.s.c.p.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW20228061
Last Updated: 11/02/2020
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