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839 E Gladwick Street Carson, CA 90746

4 Beds 1 Baths 1,612 sqft Built 1968

$675,000

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
FACTS
  • Built In 1968
  • Price/Sqft : $418.73
  • 10 Days on Market
  • MLS # : DW20225173
  • Updated Date : 10/28/2020 at 10:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,612 sqft
  • Baths : 1 full
Listing Agent

American 1st Real Estate

Listing Agent's Description

Call for an appointment to see this beautiful single family residence, exterior/interior upgrades throughout the property which is a 4 bedroom 2 bathroom property located in the heart of Carson, CA. Located near various entertainment venues and shopping centers this property welcomes you with an exterior manicured landscaping for an eye catching curb appeal. The interior of this property is move-in ready for the near holidays with space to entertain in the living room that comes with a warming and inviting fireplace. Newly updated Copper plumbing throughout the residence as it flows water out of the newly installed water heater and pumps into the upgraded bathroom with a jacuzzi jet tub installed. This property has many updated features from larger windows for better interior natural lighting to updated flooring and kitchen counter tops. This property has a great lay-out floor plan.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Leapwood Elementary School Primary Regular 294 15 4
Glenn Hammond Curtiss Middle School Middle Regular 581 30 5
Rancho Dominguez Prepatory School High Regular 1,115 47 3

Leapwood Elementary School

  • Education Level: Primary
  • # of students: 294
  • # of teachers: 15
4
GreatSchools Rating

Glenn Hammond Curtiss Middle School

  • Education Level: Middle
  • # of students: 581
  • # of teachers: 30
5
GreatSchools Rating

Rancho Dominguez Prepatory School

  • Education Level: High
  • # of students: 1,115
  • # of teachers: 47
3
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$2,490
Property Tax -$759
Property Insurance -$66
Property Management Fees -$145
CASH FLOW
-$510

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.

$675,000

PROJECTED PRICE

$2,950

PROJECTED RENT

0.44%

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

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$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$15,839

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $1.83

    LIST RENT PER SQFT
  • $3,224

    COMP ESTIMATED VALUE
  • $2

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$2,9953$3,1954$3,3005$3,395
$3,395
RENT COMPS ANALYSIS
  • 839 E Gladwick Street Carson, CA 1
    • 3 beds 1 baths ∙ 1,612 Sqft ∙ Built 1968 3 beds 1 baths ∙ 1,612 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.83
    •  
  • 1632 E Albreda Street Carson, CA 2
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1964
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.08
    •  
  • 19113 Radlett Avenue Carson, CA 3
    • 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1965
    LEASED 05/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $2.06
    •  
  • 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
    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
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.98
    •  
PROPERTY LISTING DETAILS
Jerry Lohman
American 1st Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW20225173
Last Updated: 10/28/2020
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