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918 E Sagebank Street Carson, CA 90746

5 Beds 2 Baths 1,568 sqft Built 1966

$650,000

List Price

$3,040

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $414.54
  • 2 Days on Market
  • MLS # : PW20256548
  • Updated Date : 12/19/2020 at 18:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,568 sqft
  • Baths : 2 full
Listing Agent

Realty One Group Diamond

Listing Agent's Description

A spacious 2 story 5 bedroom 2 bathroom home serenely tucked away in Carson. A lovely garden approach and leaded glass entry doors open to the gracious living room featuring a serving/ breakfast bar opening to the stunning dining room with glass doors to the rear grounds. The beautifully appointed kitchen boasts great countertops and cabinetry. Also downstairs is the garage access plus the 5th bedroom and guest bathroom ( creating a virtual suite). Ascend the staircase to 4 upper level bedrooms with a convenient bathroom & linen storage. The walled rear grounds feature a stone patio, a fruit tree plus an expansive lawn. Truly a wonderful home and lifestyle opportunity.

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: 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
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,736$3,344$3,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,040
EXPENSES Loan Payment -$2,398
Property Tax -$729
Property Insurance -$65
Property Management Fees -$149
CASH FLOW
-$301

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.

$650,000

PROJECTED PRICE

$3,040

PROJECTED RENT

0.47%

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

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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$29,978

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,040

    LIST RENT
  • $1.94

    LIST RENT PER SQFT
  • $3,046

    COMP ESTIMATED VALUE
  • $1.94

    COMP AVG. RENT PER SQFT
Comps Range
$3,040
1$3,0402$3,1003$3,2004$3,3005$3,395
$3,395
RENT COMPS ANALYSIS
  • 918 E Sagebank Street Carson, CA 1
    • 5 beds 2 baths ∙ 1,568 Sqft ∙ Built 1966 5 beds 2 baths ∙ 1,568 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $3,040
    • $1.94
    •  
  • 1034 W 187th Street Gardena, CA 2
    • 5 beds 3 baths ∙ 1,631 Sqft ∙ Built 1955 5 beds 3 baths ∙ 1,631 Sqft ∙ Built 1955
    LEASED 07/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.90
    •  
  • 555 E Bradenhall Drive Carson, CA 3
    • 4 beds 2 baths ∙ 1,591 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,591 Sqft ∙ Built 1963
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.01
    •  
  • 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
Linda Shepperd
Realty One Group Diamond
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20256548
Last Updated: 12/19/2020
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