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307 E Javelin Street Carson, CA 90745

3 Beds 2 Baths 1,903 sqft Built 1963

$659,000

List Price

$3,300

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $346.30
  • 6 Days on Market
  • MLS # : PW20241959
  • Updated Date : 11/19/2020 at 15:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,903 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Coastal Prop.

Listing Agent's Description

Nestled in a quiet neighborhood with only one entrance and exit which limits traffic to only its residents, this gorgeous home has 3 bedrooms, 2 bathrooms, 1,903 square feet of living space, and sits on a 6,568 square foot lot. Make your way through the front yard with artificial grass and up two steps that lead you to a concrete landing and covered porch. As you walk in, you’ll immediately love the brand new laminate flooring throughout the entire home, the newer paint and ceiling fans throughout, as well as the dual glazed windows, recessed lighting, and ample storage space. The spacious living room boats a beautifully painted brick fireplace while the recently remodeled kitchen features quartz countertops. One bathrooms has a combination of shower and tub, the other a walk in shower with glass door with a window in each to allow for proper ventilation. A larger than average sliding door in the well-sized family room leads to the backyard and covered patio with natural gas-ready hook up for your next BBQ -- making it the perfect place to entertain your family and friends. Additional features include exhaust fans in the kitchen and both bathrooms, an alarm system which the buyers can take over or have cancelled upon request, copper water lines and some A.B.S. sewer piping, a newer water heater, and central heating. There is plenty more that you simply MUST see for yourself!

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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: 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
Andrew Carnegie Middle School Middle Regular 915 46 3
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

Andrew Carnegie Middle School

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

Carson Senior High School

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

$593,100$724,900$659,000

PURCHASE PRICE

$2,970$3,630$3,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,300
EXPENSES Loan Payment -$2,431
Property Tax -$749
Property Insurance -$73
Property Management Fees -$162
CASH FLOW
-$115

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.

$659,000

PROJECTED PRICE

$3,300

PROJECTED RENT

0.50%

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$30k

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$180,385

INVESTMENT

$180,385

Down Payment
$164,750
Rehab Estimate
$5,750
Closing Costs
$9,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $164,750
Loan Amount $494,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$49,439

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,300

    LIST RENT
  • $1.73

    LIST RENT PER SQFT
  • $3,679

    COMP ESTIMATED VALUE
  • $1.93

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,3953$3,5004$3,600
$3,600
RENT COMPS ANALYSIS
  • 307 E Javelin Street Carson, CA 1
    • 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.73
    •  
  • 20003 Pricetown Avenue Carson, CA 2
    • 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
    •  
  • 912 W 214th Street Torrance, CA 3
    • 3 beds 1 baths ∙ 1,700 Sqft ∙ Built 1960 3 beds 1 baths ∙ 1,700 Sqft ∙ Built 1960
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.06
    •  
  • 23022 Bolsa Avenue Carson, CA 4
    • 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
Ileana Amiel
Keller Williams Coastal Prop.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20241959
Last Updated: 11/19/2020
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