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2608 E Jackson Street Carson, CA 90810

3 Beds 2 Baths 947 sqft Built 1949

$525,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1949
  • Price/Sqft : $554.38
  • 3 Days on Market
  • MLS # : SB21007973
  • Updated Date : 01/16/2021 at 20:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 947 sqft
  • Baths : 1 full , 1 half
Listing Agent

Palm Realty Boutique, Inc.

Listing Agent's Description

Here is your opportunity to own a piece of Southern California. Move-In Ready, this charmer is located on a stunning tree-lined street in Carson. The home features, newer flooring throughout, newer blinds, newer fixtures, newer appliances, upgraded electrical panel, washer and dryer inside of the home and plenty of storage room. The Main Bedroom has it's own private bathroom and door that leads to an outdoor flex space, perfect for a patio set. The extra large, open backyard is perfect for pets, entertaining, backyard games or a garden. Near schools, shopping and parks, this is a great location!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: East Carson

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $153k622k

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

Neighborhood: East Carson

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $12862941

* 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
Dominguez Elementary School Primary Regular 576 24 5
Rancho Dominguez Prepatory School Middle Regular 1,115 47 3
Rancho Dominguez Prepatory School High Regular 1,115 47 3

Dominguez Elementary School

  • Education Level: Primary
  • # of students: 576
  • # of teachers: 24
5
GreatSchools Rating

Rancho Dominguez Prepatory School

  • Education Level: Middle
  • # of students: 1,115
  • # of teachers: 47
3
GreatSchools Rating

Rancho Dominguez Prepatory School

  • Education Level: High
  • # of students: 1,115
  • # of teachers: 47
3
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,824
Property Tax -$617
Property Insurance -$50
Property Management Fees -$116
CASH FLOW
-$236

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$525,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 4.14%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$18,799

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $2.5

    LIST RENT PER SQFT
  • $2,178

    COMP ESTIMATED VALUE
  • $2.3

    COMP AVG. RENT PER SQFT
Comps Range
$2,370
1$2,3702$2,795
$2,795
RENT COMPS ANALYSIS
  • 2608 E Jackson Street Carson, CA 1
    • 3 beds 2 baths ∙ 947 Sqft ∙ Built 1949 3 beds 2 baths ∙ 947 Sqft ∙ Built 1949
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $2.50
    •  
  • 2749 E Jackson Street Carson, CA 2
    • 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1937 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1937
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $2.30
    •  
PROPERTY LISTING DETAILS
Katrina Matthews
Palm Realty Boutique, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB21007973
Last Updated: 01/16/2021
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