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23445 Caroldale Avenue Carson, CA 90745

5 Beds 3 Baths 1,724 sqft Built 1952

$629,500

List Price

$3,180

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1952
  • Price/Sqft : $365.14
  • 2 Days on Market
  • MLS # : PW20231270
  • Updated Date : 11/02/2020 at 15:32
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,724 sqft
  • Baths : 3 full
Listing Agent

Pacific West Associates

Listing Agent's Description

Super Home for a large family or extended family in South Carson .Over 1724 square feet to spread out and work from home. A Cul de Sac Block for privacy. Short distance to 232nd Place Elementary School. Carson with great restaurants, LA Galaxy center, Harbor UCLA Hospital, Cal St Univ Dominguez Hills, South Bay Pavilion. Convenient for commuters, Just minutes away from the 110, 405 & 91 freeways. Your Carson home is awaiting.

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: South Carson

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $160k622k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: South Carson

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800Rent in $14022941

* 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
232nd Place Elementary School Primary Regular 432 19 8
Stephen M White Middle School Middle Regular 1,656 64 5
Carson Senior High School High Regular 1,572 62 3

232nd Place Elementary School

  • Education Level: Primary
  • # of students: 432
  • # of teachers: 19
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
 

$566,550$692,450$629,500

PURCHASE PRICE

$2,862$3,498$3,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,180
EXPENSES Loan Payment -$2,323
Property Tax -$714
Property Insurance -$69
Property Management Fees -$156
CASH FLOW
-$81

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.

$629,500

PROJECTED PRICE

$3,180

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 5.8%
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$30k

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$172,568

INVESTMENT

$172,568

Down Payment
$157,375
Rehab Estimate
$5,750
Closing Costs
$9,443

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,323

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,375
Loan Amount $472,125
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$50,403

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,180

    LIST RENT
  • $1.84

    LIST RENT PER SQFT
  • $3,151

    COMP ESTIMATED VALUE
  • $1.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,990
1$2,9902$3,0003$3,1804$3,2005$3,600
$3,600
RENT COMPS ANALYSIS
  • 23445 Caroldale Avenue Carson, CA 3
    • 5 beds 3 baths ∙ 1,724 Sqft ∙ Built 1952 5 beds 3 baths ∙ 1,724 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $3,180
    • $1.84
    •  
  • 203 W 226th Place Carson, CA 1
    • 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1956
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $1.95
    •  
  • 24417 Marbella Avenue Carson, CA 2
    • 4 beds 2 baths ∙ 1,616 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,616 Sqft ∙ Built 1969
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.86
    •  
  • 23525 Nicolle Avenue Carson, CA 4
    • 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1965
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.74
    •  
  • 23022 Bolsa Avenue Carson, CA 5
    • 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1967
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.76
    •  
PROPERTY LISTING DETAILS
Edward Renteria
Pacific West Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20231270
Last Updated: 11/02/2020
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