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21817 Legend Avenue Carson, CA 90745

4 Beds 2 Baths 1,680 sqft Built 1965

$664,999

List Price

$3,040

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $395.83
  • 4 Days on Market
  • MLS # : 21697770
  • Updated Date : 02/26/2021 at 09:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,680 sqft
  • Baths : 2 full
Listing Agent

Intero Real Estate Services-palmdale

Listing Agent's Description

*OFFERS DUE BY SUNDAY 8PM* Welcome to this 1 of a kind GEM in the city of Carson. This 4 bed 2 bath beauty features PAID OFF solar panels that will be included with the home. As you enter the property you will see a BEAUTIFUL courtyard, entering the home you will see upgraded custom tile throughout. As you access the kitchen you will see upgraded appliances and custom granite countertops. All 4 bedrooms are spacious and the 2 full baths both feature jack and jill sinks. As you access the back yard you will see a covered patio and perfect size yard for entertaining year round

SEE MORE

MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (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)
  • 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]
  • 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)

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
Del Amo Elementary School Primary Regular 374 18 4
Andrew Carnegie Middle School Middle Regular 915 46 3

Del Amo Elementary School

  • Education Level: Primary
  • # of students: 374
  • # of teachers: 18
4
GreatSchools Rating

Andrew Carnegie Middle School

  • Education Level: Middle
  • # of students: 915
  • # of teachers: 46
3
GreatSchools Rating
 

$598,499$731,499$664,999

PURCHASE PRICE

$2,736$3,344$3,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,040
EXPENSES Loan Payment -$2,310
Property Tax -$756
Property Insurance -$68
Property Management Fees -$149
CASH FLOW
-$242

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.

$664,999

PROJECTED PRICE

$3,040

PROJECTED RENT

0.46%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$181,975

INVESTMENT

$181,975

Down Payment
$166,250
Rehab Estimate
$5,750
Closing Costs
$9,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,310

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $166,250
Loan Amount $498,749
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$28,649

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,040

    LIST RENT
  • $1.81

    LIST RENT PER SQFT
  • $3,338

    COMP ESTIMATED VALUE
  • $1.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,9953$3,0404$3,395
$3,395
RENT COMPS ANALYSIS
  • 21817 Legend Avenue Carson, CA 3
    • 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $3,040
    • $1.81
    •  
  • 6 Millward Lane Carson, CA 1
    • 4 beds 2 baths ∙ 1,421 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,421 Sqft ∙ Built 1963
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.90
    •  
  • 1632 E Albreda Street Carson, CA 2
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1964
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.08
    •  
  • 20003 Pricetown Avenue Carson, CA 4
    • 4 beds 2 baths ∙ 1,718 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,718 Sqft ∙ Built 1971
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.98
    •  
PROPERTY LISTING DETAILS
Martin Hernandez
Intero Real Estate Services-palmdale
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21697770
Last Updated: 02/26/2021
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