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PROPERTY INFO
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!
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Carson
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$144,875
LOAN DETAILS
$1,824
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
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
-
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
Palm Realty Boutique, Inc.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SB21007973
Last Updated: 01/16/2021
