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816 E Meadbrook Street Carson, CA 90746

4 Beds 3 Baths 2,166 sqft Built 1968

$699,999

List Price

$3,390

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1968
  • Price/Sqft : $323.18
  • 5 Days on Market
  • MLS # : PW20231052
  • Updated Date : 11/04/2020 at 11:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,166 sqft
  • Baths : 3 full
Listing Agent

Re/max New Dimension

Listing Agent's Description

Location, Location, Location!!! This is a must see beautiful spacious home with an attached 2 car garage in the city of Carson. Upon entering you are greeted by a formal living room, which leads you into a large formal dining room, perfect for social gatherings. This large den includes a cozy fireplace with recess lighting along with a wet bar for entertainment. The kitchen comes with stainless steel appliances, granite countertops and glass mosaic tile backsplash. On the second floor you will enjoy 3 spacious bedrooms (1-bedroom downstairs) the master bedroom includes, a large bathroom with stand-alone shower & bathtub, and a customized walk-in closet. This turn key home provides plenty of natural sunlight, a new roof, exterior paint and central air/heating. You can enjoy the neighborhood park less than a block away. It is centrally located near Cal State Dominguez University, the South bay Pavilion shopping mall and the Dignity Sports & Entertainment Center with several restaurants minutes away and much more. Easy access to the 91/405 freeway. You don't want to miss out on this move in ready home!

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

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
Walton Middle School Middle Regular 393 24 1
Compton High School High Regular 2,060 90 2

Walton Middle School

  • Education Level: Middle
  • # of students: 393
  • # of teachers: 24
1
GreatSchools Rating

Compton High School

  • Education Level: High
  • # of students: 2,060
  • # of teachers: 90
2
GreatSchools Rating
 

$629,999$769,999$699,999

PURCHASE PRICE

$3,051$3,729$3,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,390
EXPENSES Loan Payment -$2,583
Property Tax -$785
Property Insurance -$79
Property Management Fees -$166
CASH FLOW
-$223

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.

$699,999

PROJECTED PRICE

$3,390

PROJECTED RENT

0.48%

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$30k

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$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $175,000
Loan Amount $524,999
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$42,038

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,390

    LIST RENT
  • $1.57

    LIST RENT PER SQFT
  • $3,162

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,0003$3,390
$3,390
RENT COMPS ANALYSIS
  • 816 E Meadbrook Street Carson, CA 3
    • 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $3,390
    • $1.57
    •  
  • 17808 Tamcliff Avenue Carson, CA 1
    • 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 1966
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.53
    •  
  • 1747 E Helmick Street Carson, CA 2
    • 4 beds 2 baths ∙ 2,161 Sqft ∙ Built 1964 4 beds 2 baths ∙ 2,161 Sqft ∙ Built 1964
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.39
    •  
PROPERTY LISTING DETAILS
Edgar Adame
Re/max New Dimension
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20231052
Last Updated: 11/04/2020
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