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746 E Sepulveda Carson, CA 90745

3 Beds 2 Baths 1,632 sqft Built 1951

$629,900

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $385.97
  • 2 Days on Market
  • MLS # : PV20244272
  • Updated Date : 11/21/2020 at 10:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,632 sqft
  • Baths : 2 full
Listing Agent

Re/max Estate Properties

Listing Agent's Description

DON'T MISS THIS GREAT FAMILY HOME!! NICELY DECORATED STONE FASCIA CURB APPEAL!! WITH IRON GATES-- YOU WILL BE IMPRESS AS YOU WALK INTO THIS OPEN FLOOR PLAN FEELING! HIGH CEILINGS THROUGH OUT!SKYLIGHTS FOR LOTS OF NATURAL LIGHT! LIVING ROOM WITH FIREPLACE--DINING ROOM OFF KITCHEN OPEN TO FAMILY ROOM--LARGE MASTER BEDROOM--TILE FLOORS THROUGH OUT--LARGE PATIO FOR FAMILY GATHERINGS--2 CAR GARAGE PLUS PLENTY OF DRIVEWAY PARKING!

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
 

$566,910$692,890$629,900

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,324
Property Tax -$719
Property Insurance -$67
Property Management Fees -$137
CASH FLOW
-$447

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.

$629,900

PROJECTED PRICE

$2,800

PROJECTED RENT

0.44%

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-$10k-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,674

INVESTMENT

$172,674

Down Payment
$157,475
Rehab Estimate
$5,750
Closing Costs
$9,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,475
Loan Amount $472,425
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$16,616

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $1.72

    LIST RENT PER SQFT
  • $3,106

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8003$2,9904$3,000
$3,000
RENT COMPS ANALYSIS
  • 746 E Sepulveda Carson, CA 2
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.72
    •  
  • 6 Millward Lane Carson, CA 1
    • 4 beds 2 baths ∙ 1,421 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,421 Sqft ∙ Built 1963
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.90
    •  
  • 203 W 226th Place Carson, CA 3
    • 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1956
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $1.95
    •  
  • 24417 Marbella Avenue Carson, CA 4
    • 4 beds 2 baths ∙ 1,616 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,616 Sqft ∙ Built 1969
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.86
    •  
PROPERTY LISTING DETAILS
Leticia Rivera
Re/max Estate Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PV20244272
Last Updated: 11/21/2020
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