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105 Via Los Altos Redondo Beach, CA 90277

3 Beds 2 Baths 1,510 sqft Built 1953

$1,449,000

List Price

$4,450

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $959.60
  • 4 Days on Market
  • MLS # : PV21012448
  • Updated Date : 01/21/2021 at 13:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,510 sqft
  • Baths : 2 full
Listing Agent

Re/max Estate Properties

Listing Agent's Description

Bathed in natural light, you are going to love the warmth of this stunning, Zen-style, one level, 3 bed/2 bath, Hollywood Riviera Home. Remodeled extensively in 2013 and updated further over the last two years, the open floor plan provides the perfect setting for entertaining guests or casually relaxing at home. Whip up a delicious meal in the cook's kitchen, complete with stainless appliances, plenty of gleaming countertop space, cabinet storage & recessed lighting. Anchored by a cozy fireplace & wood floors, the living & dining room have sliding doors leading to the spacious & private rear deck, where one can take in the pretty city lights views, rejuvenate in the hot tub, or test their putting skills on the mini putting green out back. Treat yourself to the master suite with an en-suite bath replete with large soaking tub & separate shower. There are also two other comfortable bedrooms & a second remodeled bathroom. Make this home your very special retreat all year round in one of the most sought after neighborhoods in Torrance, the Hollywood Riviera. Great location, close to award winning schools, shopping and the gorgeous Torrance & Redondo Beaches.

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MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: Riviera

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300k1400k1500kPrice in $199k1579k

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

Neighborhood: Riviera

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400360038004000420044004600Rent in $17844692

* 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
Riviera Elementary School Primary Regular 645 24 8
Edward J. Richardson Middle School Middle Regular 691 25 9
South High School High Regular 2,132 88 10

Riviera Elementary School

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 24
8
GreatSchools Rating

Edward J. Richardson Middle School

  • Education Level: Middle
  • # of students: 691
  • # of teachers: 25
9
GreatSchools Rating

South High School

  • Education Level: High
  • # of students: 2,132
  • # of teachers: 88
10
GreatSchools Rating
 

$1,304,100$1,593,900$1,449,000

PURCHASE PRICE

$4,005$4,895$4,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,450
EXPENSES Loan Payment -$5,033
Property Tax -$1,367
Property Insurance -$64
Property Management Fees -$218
CASH FLOW
-$2,232

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.

$1,449,000

PROJECTED PRICE

$4,450

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.05%
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$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$389,735

INVESTMENT

$389,735

Down Payment
$362,250
Rehab Estimate
$5,750
Closing Costs
$21,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$5,033

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $362,250
Loan Amount $1,086,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$133

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,450

    LIST RENT
  • $2.95

    LIST RENT PER SQFT
  • $4,186

    COMP ESTIMATED VALUE
  • $2.77

    COMP AVG. RENT PER SQFT
Comps Range
$4,250
1$4,2502$4,4003$4,4504$4,5005$4,525
$4,525
RENT COMPS ANALYSIS
  • 105 Via Los Altos Redondo Beach, CA 3
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $4,450
    • $2.95
    •  
  • 210 Paseo De Suenos Redondo Beach, CA 1
    • 3 beds 1 baths ∙ 1,626 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,626 Sqft ∙ Built 1955
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.61
    •  
  • 5611 Riviera Way Torrance, CA 2
    • 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1954
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $2.81
    •  
  • 848 Calle De Arboles Redondo Beach, CA 4
    • 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1948
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.99
    •  
  • 3420 Palos Verdes Drive N Palos Verdes Estates, CA 5
    • 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1949
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,525
    • $2.68
    •  
PROPERTY LISTING DETAILS
Kelly Evans
Re/max Estate Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PV21012448
Last Updated: 01/21/2021
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