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413 E 181st Street Carson, CA 90746

4 Beds 1 Baths 1,526 sqft Built 1953

$699,900

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $458.65
  • 4 Days on Market
  • MLS # : DW21004155
  • Updated Date : 01/09/2021 at 11:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,526 sqft
  • Baths : 1 full
Listing Agent

Century 21 Diamond

Listing Agent's Description

Don’t let this be the one that got away! You will fall in love with this tastefully renovated, 4 bedroom 1 bath home, located in the South bay. As you enter you will find a roomy open layout featuring an exposed beam and a view into the spacious, custom kitchen. The kitchen features designer tile, quartz countertops, new slide in gas range, custom hood, and a large peninsula with a view into the family room. The family room is approximately 334 sq ft with an abundance of natural light coming from the new dual pane windows. Newly installed light oak laminate flooring throughout the home along with recessed lighting and fresh white paint. This home has approximately 1526 sq ft of living space with an indoor laundry area and one car garage. Outside you will find your backyard entertainment area with new designer pavers, fresh sod and grape fruit trees. A new wood fence was recently installed along with new irrigation system and freshly painted exterior. Stay warm in the winter and cool in the summer with the newly installed Mini split cooling/heating system. The 5,426 sq ft lot has potential for future expansion or detached ADU. Walking distance you will find Cal State University Dominguez Hills, Stub Hub Center and Dignity Health Sports parks. There are major freeways, multiple shopping centers and restaurants just a short drive away. This stunning home will be featured on a Housing Network TV Show. Make your appointment to see this home today!

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: North Carson

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $174k622k

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

Neighborhood: North Carson

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000Rent in $14553104

* 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
Towne Avenue Elementary School Primary Regular 348 14 6
Glenn Hammond Curtiss Middle School Middle Regular 581 30 5
Rancho Dominguez Prepatory School High Regular 1,115 47 3

Towne Avenue Elementary School

  • Education Level: Primary
  • # of students: 348
  • # of teachers: 14
6
GreatSchools Rating

Glenn Hammond Curtiss Middle School

  • Education Level: Middle
  • # of students: 581
  • # of teachers: 30
5
GreatSchools Rating

Rancho Dominguez Prepatory School

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

$629,910$769,890$699,900

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$2,431
Property Tax -$787
Property Insurance -$64
Property Management Fees -$153
CASH FLOW
-$305

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.

$699,900

PROJECTED PRICE

$3,130

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 7.4%
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$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$26,249

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,130

    LIST RENT
  • $2.05

    LIST RENT PER SQFT
  • $3,128

    COMP ESTIMATED VALUE
  • $2.05

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0003$3,1304$3,2005$3,200
$3,200
RENT COMPS ANALYSIS
  • 413 E 181st Street Carson, CA 3
    • 4 beds 1 baths ∙ 1,526 Sqft ∙ Built 1953 4 beds 1 baths ∙ 1,526 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $3,130
    • $2.05
    •  
  • 17330 Billings Drive Carson, CA 1
    • 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1966
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.02
    •  
  • 330 E Sherman Drive Carson, CA 2
    • 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1963
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.08
    •  
  • 17003 S New Hampshire Avenue Gardena, CA 4
    • 4 beds 2 baths ∙ 1,532 Sqft ∙ Built 1949 4 beds 2 baths ∙ 1,532 Sqft ∙ Built 1949
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.09
    •  
  • 555 E Bradenhall Drive Carson, CA 5
    • 4 beds 2 baths ∙ 1,591 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,591 Sqft ∙ Built 1963
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.01
    •  
PROPERTY LISTING DETAILS
Jun Hoang
Century 21 Diamond
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW21004155
Last Updated: 01/09/2021
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