Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

437 E Realty Street Carson, CA 90745

3 Beds 2 Baths 1,265 sqft Built 1955

$587,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $464.03
  • 3 Days on Market
  • MLS # : 21678918
  • Updated Date : 01/16/2021 at 20:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,265 sqft
  • Baths : 2 full
Listing Agent

Abbot Kinney Real Estate Inc.

Listing Agent's Description

Bungalow Style home located on a quiet, family friendly, tree lined cul-du-sac. The home sits on a large lot and split floor plan which could work well for multi-generational family living. Flood with natural, light and enclosed yard with fruit trees. This home is ready for your personal touches. Homes in this neighborhood rarely come to market, Don't Miss This One. Offers due Monday 1/18/21 by 5P

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: 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
Broad Avenue Elementary School Primary Regular 734 31 5
Wilmington Middle School Steam Middle Regular 1,424 65 4
Phineas Banning Senior High School High Regular 2,057 77 3

Broad Avenue Elementary School

  • Education Level: Primary
  • # of students: 734
  • # of teachers: 31
5
GreatSchools Rating

Wilmington Middle School Steam

  • Education Level: Middle
  • # of students: 1,424
  • # of teachers: 65
4
GreatSchools Rating

Phineas Banning Senior High School

  • Education Level: High
  • # of students: 2,057
  • # of teachers: 77
3
GreatSchools Rating
 

$528,300$645,700$587,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$2,039
Property Tax -$670
Property Insurance -$58
Property Management Fees -$133
CASH FLOW
-$180

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.

$587,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.46%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$161,305

INVESTMENT

$161,305

Down Payment
$146,750
Rehab Estimate
$5,750
Closing Costs
$8,805

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $146,750
Loan Amount $440,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$28,015

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $2.15

    LIST RENT PER SQFT
  • $2,631

    COMP ESTIMATED VALUE
  • $2.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,180
1$2,1802$2,7203$2,950
$2,950
RENT COMPS ANALYSIS
  • 437 E Realty Street Carson, CA 2
    • 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1955
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $2.15
    •  
  • 23202 Sesame Street Torrance, CA 1
    • 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1973
    property image
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $2.05
    •  
  • 24626 Marine Avenue Carson, CA 3
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1958
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.11
    •  
PROPERTY LISTING DETAILS
Gladiola Cervantes
Abbot Kinney Real Estate Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21678918
Last Updated: 01/16/2021
BESbswy