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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

2241 Carriage Dr Rolling Hills Estates, CA 90274

4 Beds 3 Baths 1,860 sqft Built 1955
Last updated:  Jan 23, 2020

INVESTimate

$1,360,372

$1.31M - $1.41M

Price Est.

$4,618

$4.3K - $5.0K

Rent Est.

$1,406,625  ( +3.4%)   1 YR EST. FORECAST
  
  
  

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2241 Carriage Dr PROPERTY INFO

FACTS
  • Built In 1955
  • Price/Sqft : $731.38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,860 sqft
  • Baths : 3 Full

2241 Carriage Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
DAPPLEGRAY ELEMENTARY SCHOOL Primary Regular 656 24 10
MIRALESTE INTERMEDIATE SCHOOL Middle Regular 936 38 9
PALOS VERDES HIGH SCHOOL High Regular 1,695 70 10

DAPPLEGRAY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 656
  • # of teachers: 24
10
GreatSchools Rating

MIRALESTE INTERMEDIATE SCHOOL

  • Education Level: Middle
  • # of students: 936
  • # of teachers: 38
9
GreatSchools Rating

PALOS VERDES HIGH SCHOOL

  • Education Level: High
  • # of students: 1,695
  • # of teachers: 70
10
GreatSchools Rating
 

Financial Details

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Neighborhood

Rolling Hills Estates

  • 10,465

    POPULATION
  • 3,948

    HOUSEHOLDS
  • 89.5%

    WHITE COLLAR

Neighborhood : Rolling Hills Estates

HOUSEHOLDS
3,948
POPULATION

10,465

15.0%Renters
85.0%Home Owners
LABOR FORCE

 

89.5%White Collar
10.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $4,618 per month.

MY RENT : $4,618 MEDIAN RENT : $4,887

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $4,618 would therefore be considered affordable for annual household incomes greater than $184,720 (12 months x 3.333 x $4,618).

Rent % Affordability
Above $500 93.6%
Above $700 90.7%
Above $1,100 86.3%
Above $1,500 78.1%
Above $1,900 70.5%
HOUSEHOLD INCOME RANGE

Approximately 607 of households in this neighborhood have a total annual income of $184,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,618 per month.

MINIMUM INCOME RANGE : $184,720

Income % Distribution
<$20K 6.4%
$20K-$35K 4.9%
$35K-$60K 10.6%
$60K-$100K 19.2%
>=$100K 58.9%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.1%
5-9 mins 5.9%
10-14 mins 13.7%
15-19 mins 9.7%
20-29 mins 20.3%
30-44 mins 24.6%
45-59 mins 13.6%
>60 mins 11.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $4,618 per month.

MY RENT : $4,618 MEDIAN RENT : $4,887

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $4,618 would therefore be considered affordable for annual household incomes greater than $184,720 (12 months x 3.333 x $4,618).

Rent % Affordability
Above $500 93.6%
Above $700 90.7%
Above $1,100 86.3%
Above $1,500 78.1%
Above $1,900 70.5%
HOUSEHOLD INCOME RANGE

Approximately 607 of households in this neighborhood have a total annual income of $184,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,618 per month.

MINIMUM INCOME RANGE : $184,720

Income % Distribution
<$20K 6.4%
$20K-$35K 4.9%
$35K-$60K 10.6%
$60K-$100K 19.2%
>=$100K 58.9%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.1%
5-9 mins 5.9%
10-14 mins 13.7%
15-19 mins 9.7%
20-29 mins 20.3%
30-44 mins 24.6%
45-59 mins 13.6%
>60 mins 11.0%

Rolling Hills Estates Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.7%
Educational Services 6.8%
Health Care & Social Assistance 15.5%
Manufacturing 17.4%
Professional & Scientific Tech Services 12.0%
Retail & Wholesale Trader 10.5%
Other 31.1%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 27% is 24 or younger and 24% is 65 or older.

Age % Distribution
<15 18.0%
15-19 5.7%
20-24 3.2%
25-44 14.3%
45-65 35.1%
66+ 23.7%
OCCUPATION

Occupation % Distribution
Computer Engineering 13.9%
Healthcare 9.4%
Legal 4.8%
Management, Business, & Financial 37.1%
Production & Transportation 3.7%
Sales & Office 17.0%
Other 13.9%
HIGHEST EDUCATION LEVEL

36% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.3%
High School 11.0%
Masters Degree 15.2%
Professional 9.8%
Some College 15.8%
Other 40.8%

2241 Carriage Dr Comps

Sorry, we do not have sufficient data available.

2241 Carriage Dr, Rolling Hills Estates, CA 90274 is a single family home of 1,860 sqft. HomeUnion INVESTimateĀ® for 2241 Carriage Dr includes a Price Estimate of $1,360,372 and a Rent Estimate of $4,618. This single family home has 4 bedrooms,3 bathrooms, and was built in 1955. This property has an estimated 15 year annualized Yield of 4.07% and Total Return of 10.83%. The estimated 1 year forecast in home value for 2241 Carriage Dr is 3.4%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , LOS ANGELES County , or the 90274 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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