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1042 W 210th Street Torrance, CA 90502

3 Beds 2 Baths 1,096 sqft Built 1953

$639,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $583.03
  • 7 Days on Market
  • MLS # : DW20248961
  • Updated Date : 12/04/2020 at 22:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,096 sqft
  • Baths : 2 full
Listing Agent

Excellence Re Real Estate

Listing Agent's Description

Welcome to the South Bay! This Torrance home is Move in Ready. Including new floor new tiled bathrooms freshly painted and all new appliances priced to Sale! In close proximities to the 405 and 110 freeway in excellent condition home shows pride in ownership. Plenty of street and driveway parking in addition to a 2 car garage, amenities include RV parking, large covered patio, built in granite counter top BBQ area, covered Jacuzzi and huge storage unit. You wont find anything similar, fully functional home with all modern appliances and plenty of backyard space for entertaining and family gatherings. Complete formal living space includes large living room front brick patio with huge front yard, 3 bedrooms 2 baths with formal dining room and laundry area. All new wood style tile flooring, modern double pane windows and sprinkler system in overall excellent shape.

SEE MORE

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: West Carson

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750kPrice in $174k779k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: West Carson

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $15863321

* 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
Van Deene Avenue Elementary School Primary Regular 393 18 6
Van Deene Avenue Elementary School Middle Regular 393 18 6
Nathaniel Narbonne Senior High School High Regular 2,596 104 4

Van Deene Avenue Elementary School

  • Education Level: Primary
  • # of students: 393
  • # of teachers: 18
6
GreatSchools Rating

Van Deene Avenue Elementary School

  • Education Level: Middle
  • # of students: 393
  • # of teachers: 18
6
GreatSchools Rating

Nathaniel Narbonne Senior High School

  • Education Level: High
  • # of students: 2,596
  • # of teachers: 104
4
GreatSchools Rating
 

$575,100$702,900$639,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$2,358
Property Tax -$705
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
-$805

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.

$639,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 7.7%
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-$15k-$10k-$5.0k$0.0$5.0k$10k

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$175,085

INVESTMENT

$175,085

Down Payment
$159,750
Rehab Estimate
$5,750
Closing Costs
$9,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,358

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $159,750
Loan Amount $479,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,657

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $2.22

    LIST RENT PER SQFT
  • $2,430

    COMP ESTIMATED VALUE
  • $2.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,180
1$2,1802$2,4303$2,8004$2,8005$3,100
$3,100
RENT COMPS ANALYSIS
  • 1042 W 210th Street Torrance, CA 2
    • 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $2.22
    •  
  • 23202 Sesame Street Torrance, CA 1
    • 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1973
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $2.05
    •  
  • 2803 Alberta Street Torrance, CA 3
    • 3 beds 1 baths ∙ 1,274 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,274 Sqft ∙ Built 1950
    LEASED 07/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.20
    •  
  • 21802 Archibald Avenue Carson, CA 4
    • 4 beds 1 baths ∙ 1,222 Sqft ∙ Built 1957 4 beds 1 baths ∙ 1,222 Sqft ∙ Built 1957
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.29
    •  
  • 21310 Jaffrey Avenue Torrance, CA 5
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1960
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.33
    •  
PROPERTY LISTING DETAILS
Gustavo Morales
Excellence Re Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW20248961
Last Updated: 12/04/2020
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