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PROPERTY INFO
FACTS
- Single Family
- Built In 1964
- Price/Sqft : $415.00
- 3 Days on Market
- MLS # : 20673384
- Updated Date : 12/25/2020 at 18:06
CONSTRUCTION
- Beds : 3
- Floor Size : 1,747 sqft
- Baths : 2 full
Listing Agent
The Service Company Realty
Listing Agent's Description
This beautiful home located in North Carson is a must-see property, with exceptional curb appeal, featuring a well-manicured lawn with a sprinkler system. Inside the home features include, Central Air/Heat, with a fireplace in the family room; Kitchen includes a four-burner stove with oven, dishwasher, and garbage disposal. Other features include a large backyard for entertaining and a two-car garage with washer/dryer hookup. This jewel also offers immediate access to local City parks, shopping mall, Digital Sports Park, Victoria Golf Course, and California State Dominguez Hills. You will also enjoy seamless access to the 91, 110, and 405 freeways.
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MARKET HIGHLIGHTS
- 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)
- 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]
PRICE & RENT TRENDS
Neighborhood: North Carson
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Carson
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,140 |
| EXPENSES | Loan Payment | -$2,675 |
| Property Tax | -$815 | |
| Property Insurance | -$69 | |
| Property Management Fees | -$154 | |
|
CASH FLOW
-$573
|
||
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.
$725,000
PROJECTED PRICE
$3,140
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$197,875
LOAN DETAILS
$2,675
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $181,250 |
| Loan Amount | $543,750 |
2.42
YEARS SAVED
$15,612
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,140
LIST RENT -
$1.8
LIST RENT PER SQFT
-
$3,398
COMP ESTIMATED VALUE -
$1.94
COMP AVG. RENT PER SQFT
Comps Range
-
808 E Turmont Street Carson, CA 3
- 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1964
![property image]()
- Rent
- Rent Per SQFT
- $3,140
- $1.80
-
812 E Meadbrook Street Carson, CA 1
- 3 beds 3 baths ∙ 1,475 Sqft ∙ Built 1968 3 beds 3 baths ∙ 1,475 Sqft ∙ Built 1968
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,800
- $1.90
-
17330 Billings Drive Carson, CA 2
- 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1966
![property image]()
LEASED 10/06/20- Rent
- Rent Per SQFT
- $3,000
- $2.02
-
430 E 184th Street Carson, CA 4
- 4 beds 1 baths ∙ 1,752 Sqft ∙ Built 1953 4 beds 1 baths ∙ 1,752 Sqft ∙ Built 1953
![property image]()
LEASED 04/16/20- Rent
- Rent Per SQFT
- $3,300
- $1.88
-
20003 Pricetown Avenue Carson, CA 5
- 4 beds 2 baths ∙ 1,718 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,718 Sqft ∙ Built 1971
![property image]()
LEASED 07/30/20- Rent
- Rent Per SQFT
- $3,395
- $1.98
PROPERTY LISTING DETAILS
The Service Company Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: 20673384
Last Updated: 12/25/2020
