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703 Colorado Circle Carson, CA 90745

4 Beds 2 Baths 1,976 sqft Built 2016

$825,000

List Price

$3,710

$3.5K - $4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $417.51
  • 7 Days on Market
  • MLS # : 21695850
  • Updated Date : 02/25/2021 at 21:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,976 sqft
  • Baths : 2 full
Listing Agent

Property Advisors Group, Inc

Listing Agent's Description

Here it is, the one you've been waiting for! A 4 Bedroom modern and newer construction, Single Family home located in the highly sought-after Veo Community in Red Hot Carson! This 5-year-old home was showcased as the model and you'll see why. On the exterior, The location is by far the best within the massive 9.5-acre community and offers a rare exclusive entry driveway (most are shared). Once you enter, you are greeted by a host of builder upgrades that were specifically allocated for this model; including Level 2 DC charging for your EV, Ceiling speakers with LED dimmers, upgraded flooring, wine and spirits console, window shades, and a beautifully landscaped backyard for entertaining or for the kiddos to run and play. The home also boasts designer-selected finishes, Master en-suite, Moen fixtures, oversized dual pane windows with 9 volume ceilings, tankless water heater, wiring for home automation, USB chargers, and fiber optic cables. The community itself offers ultra-low hoa's, resort-like amenities including pool, spa, private cabanas, bbq and fire pit, and a state-of-the-art clubhouse. Vast and luscious landscape makes for a great walk, as well as an exclusive entry door to Ralphs! 1.5 miles from the freeway, minutes to downtown LA, all the neighboring South Bay cities, and 25 minutes to OC! This home is the one! Seller is listing agent.

SEE MORE

MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (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)
  • 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]
  • 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)

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
Bonita Street Elementary School Primary Regular 515 22 4
Andrew Carnegie Middle School Middle Regular 915 46 3
Carson Senior High School High Regular 1,572 62 3

Bonita Street Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 22
4
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
 

$742,500$907,500$825,000

PURCHASE PRICE

$3,339$4,081$3,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,710
EXPENSES Loan Payment -$2,866
Property Tax -$908
Property Insurance -$75
HOA -$144
Property Management Fees -$182
CASH FLOW
-$464

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.

$825,000

PROJECTED PRICE

$3,710

PROJECTED RENT

0.45%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,866

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$22,706

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,710

    LIST RENT
  • $1.88

    LIST RENT PER SQFT
  • $3,735

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,5003$3,7004$3,710
$3,710
RENT COMPS ANALYSIS
  • 703 Colorado Circle Carson, CA 4
    • 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $3,710
    • $1.88
    •  
  • 526 W 218th Place Carson, CA 1
    • 4 beds 3 baths ∙ 1,710 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,710 Sqft ∙ Built 2016
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.87
    •  
  • 704 Colorado Circle Carson, CA 2
    • 4 beds 3 baths ∙ 1,750 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,750 Sqft ∙ Built 2016
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.00
    •  
  • 22630 Meyler Street Torrance, CA 3
    • 5 beds 2 baths ∙ 2,058 Sqft ∙ Built 2016 5 beds 2 baths ∙ 2,058 Sqft ∙ Built 2016
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.80
    •  
PROPERTY LISTING DETAILS
Leonard Lee
Property Advisors Group, Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21695850
Last Updated: 02/25/2021
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