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18509 Crenshaw Boulevard Torrance, CA 90504

4 Beds 2 Baths 1,703 sqft Built 1952

$795,000

List Price

$3,180

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $466.82
  • 5 Days on Market
  • MLS # : OC20254133
  • Updated Date : 12/09/2020 at 15:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,703 sqft
  • Baths : 2 full
Listing Agent

Kase Real Estate

Listing Agent's Description

Come take a look! Located in the highly desirable city of Torrance, this Turnkey 4 bedrooms 2 bathroom home is a great starter home for anyone looking to move into Torrance. Included in this newly remodeled home is 1,703 square feet of living space that includes updated bathrooms, laminate floors, granite counter tops, and dual pane windows all located on a spacious 5,117 square feet lot! There’s an easement that leads to the detached two car garage from 185th St. Hurry because this is a property you do not want to miss. Hurry because this is a property you do not want to miss.

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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: 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
 

$715,500$874,500$795,000

PURCHASE PRICE

$2,862$3,498$3,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,180
EXPENSES Loan Payment -$2,933
Property Tax -$771
Property Insurance -$68
Property Management Fees -$156
CASH FLOW
-$748

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.

$795,000

PROJECTED PRICE

$3,180

PROJECTED RENT

0.40%

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$20k

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$216,425

INVESTMENT

$216,425

Down Payment
$198,750
Rehab Estimate
$5,750
Closing Costs
$11,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,933

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $198,750
Loan Amount $596,250
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$11,228

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,180

    LIST RENT
  • $1.87

    LIST RENT PER SQFT
  • $3,491

    COMP ESTIMATED VALUE
  • $2.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,1003$3,1804$3,2005$3,400
$3,400
RENT COMPS ANALYSIS
  • 18509 Crenshaw Boulevard Torrance, CA 3
    • 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 1952 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 1952
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,180
    • $1.87
    •  
  • 2310 W 171st Street Torrance, CA 1
    • 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1956
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.13
    •  
  • 2313 W 185th Street Torrance, CA 2
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1955
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.82
    •  
  • 3601 W 182nd Street Torrance, CA 4
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1953
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.13
    •  
  • 2108 W 183rd Street Torrance, CA 5
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1962
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.13
    •  
PROPERTY LISTING DETAILS
David Duong
Kase Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20254133
Last Updated: 12/09/2020
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