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18108 Ermanita Torrance, CA 90504

3 Beds 3 Baths 1,349 sqft Built 2004

$779,000

List Price

$2,880

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $577.46
  • 3 Days on Market
  • MLS # : SB21027003
  • Updated Date : 03/19/2021 at 13:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,349 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathaway Homeservices California Properties

Listing Agent's Description

Unique home with a unique floor plan. Downstairs at street level you will find 2 bdrms and a bath. Upstairs is the living room, dining area, kitchen, guest bath and a master bedroom with bath. Located on a smaller corner lot with fenced yard in rear. Home was built in 2004 with many special features and amenities, including air conditioning & multi-pane windows to minimize noise. Property is conveniently located within short drive to beaches, South Bay Galleria, Columbia Park and comes with all things Torrance has to offer including their highly regarded school system.

SEE MORE

MARKET HIGHLIGHTS

  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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)
  • 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)
  • 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)
  • 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]
  • 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: Northwest Torrance

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750kPrice in $187k779k

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

Neighborhood: Northwest Torrance

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $16333321

* 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
Yukon Elementary School Primary Regular 309 11 8
Philip Magruder Middle School Middle Regular 588 21 8
North High School High Regular 1,956 75 9

Yukon Elementary School

  • Education Level: Primary
  • # of students: 309
  • # of teachers: 11
8
GreatSchools Rating

Philip Magruder Middle School

  • Education Level: Middle
  • # of students: 588
  • # of teachers: 21
8
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 1,956
  • # of teachers: 75
9
GreatSchools Rating
 

$701,100$856,900$779,000

PURCHASE PRICE

$2,592$3,168$2,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$2,706
Property Tax -$755
Property Insurance -$60
Property Management Fees -$141
CASH FLOW
-$782

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.

$779,000

PROJECTED PRICE

$2,880

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 7.5%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$212,185

INVESTMENT

$212,185

Down Payment
$194,750
Rehab Estimate
$5,750
Closing Costs
$11,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,706

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $194,750
Loan Amount $584,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$5,531

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,880

    LIST RENT
  • $2.13

    LIST RENT PER SQFT
  • $3,012

    COMP ESTIMATED VALUE
  • $2.23

    COMP AVG. RENT PER SQFT
Comps Range
$2,880
1$2,8802$2,9003$3,0004$3,2505$3,800
$3,800
RENT COMPS ANALYSIS
  • 18108 Ermanita Torrance, CA 1
    • 3 beds 3 baths ∙ 1,349 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,349 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,880
    • $2.13
    •  
  • 16629 Yukon Avenue Torrance, CA 2
    • 3 beds 3 baths ∙ 1,534 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,534 Sqft ∙ Built 2004
    property image
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.89
    •  
  • 15801 Venus Place Gardena, CA 3
    • 4 beds 3 baths ∙ 1,254 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,254 Sqft ∙ Built 1990
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.39
    •  
  • 2514 Mathews Avenue Redondo Beach, CA 4
    • 3 beds 3 baths ∙ 1,433 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,433 Sqft ∙ Built 1984
    property image
    LEASED 03/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.27
    •  
  • 4900 Narrot Street Torrance, CA 5
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2014
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.38
    •  
PROPERTY LISTING DETAILS
Rick Elorriaga
Berkshire Hathaway Homeservices California Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB21027003
Last Updated: 03/19/2021
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