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PROPERTY INFO
FACTS
- Single Family
- Built In 1940
- Price/Sqft : $505.28
- 2 Days on Market
- MLS # : PV21058596
- Updated Date : 03/20/2021 at 12:44
CONSTRUCTION
- Beds : 3
- Floor Size : 1,326 sqft
- Baths : 2 full
Listing Agent
Keller Williams Silicon Beach
Listing Agent's Description
This spacious Torrance home on a HUGE lot with lots of potential for expenasion sits on a quiet neighborhood ready for you and your large family to move into! This home features 3 spacious bedrooms and 2 full bathrooms, bonus room, large den, indoor laundry hook ups, living area with adjoining dinning room. Large kitchen features granite countertops, stainless steel appliances and lots of cabinet space. Tile flooring throughout the home expect for den, long driveway, inclosed fenced large front yard with a porch area, large backyard where you will have plenty of space for get togethers' and entertaining. There also is a patio area as well with grass and lovely greenery. This property is located within minutes from Alpine Village, Del Amo Mall, restaurants, 110 freeway and the beach.
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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: West Carson
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Carson
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,760 |
| EXPENSES | Loan Payment | -$2,327 |
| Property Tax | -$739 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$135 | |
|
CASH FLOW
-$501
|
||
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.
$669,999
PROJECTED PRICE
$2,760
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$183,300
LOAN DETAILS
$2,327
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $167,500 |
| Loan Amount | $502,499 |
2.33
YEARS SAVED
$11,534
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,760
LIST RENT -
$2.08
LIST RENT PER SQFT
-
$2,934
COMP ESTIMATED VALUE -
$2.21
COMP AVG. RENT PER SQFT
Comps Range
-
20518 Berendo Avenue Torrance, CA 1
- 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1940
![property image]()
- Rent
- Rent Per SQFT
- $2,760
- $2.08
-
21802 Archibald Avenue Carson, CA 2
- 4 beds 1 baths ∙ 1,222 Sqft ∙ Built 1957 4 beds 1 baths ∙ 1,222 Sqft ∙ Built 1957
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,800
- $2.29
-
1601 W 211th Street Torrance, CA 3
- 3 beds 1 baths ∙ 1,325 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,325 Sqft ∙ Built 1951
![property image]()
LEASED 02/04/21- Rent
- Rent Per SQFT
- $2,975
- $2.25
-
21212 Mariposa Avenue Torrance, CA 4
- 3 beds 1 baths ∙ 1,514 Sqft ∙ Built 1959 3 beds 1 baths ∙ 1,514 Sqft ∙ Built 1959
![property image]()
LEASED 08/14/20- Rent
- Rent Per SQFT
- $3,000
- $1.98
-
21310 Jaffrey Avenue Torrance, CA 5
- 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1960
![property image]()
LEASED 09/25/20- Rent
- Rent Per SQFT
- $3,100
- $2.33
PROPERTY LISTING DETAILS
Keller Williams Silicon Beach
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PV21058596
Last Updated: 03/20/2021
