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20701 Entradero Avenue Torrance, CA 90503

4 Beds 2 Baths 1,960 sqft Built 1961

$1,175,000

List Price

$3,960

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $599.49
  • 4 Days on Market
  • MLS # : PW21007675
  • Updated Date : 01/15/2021 at 10:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,960 sqft
  • Baths : 2 full
Listing Agent

Beach Equities

Listing Agent's Description

An exquisitely renovated 4 bedrooms 2 bathrooms home. This home comes with 2 fireplaces, a sunfilled family room plus a charming skylit party patio. Leaded glass entry doors open to the reception foyer enjoying immediate views to the rear grounds. The cozy fireside living room extends to the stunning skylit famly room boasting a cathedral ceiling, brick fireplace plus garden views and glass door access to the amazing skylit shelter patios..ideal for indoor/outdoor living and entertaining. The formal dining room features a seamless flow with the spacious kitchen. The attached garage includes the laundry and storage. Secluded, the bedroom wing includes 4 distinctive bedrooms and 2 beautiful bathrooms..including the primary suite with 2 mirrored wardrobes closets plus a private bathroom. Truly an incredible home and lifestyle opportunity..trucked away in Torrance.

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MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: West Torrance

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $199k915k

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

Neighborhood: West Torrance

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $17843697

* 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
Victor Elementary School Primary Regular 978 38 8
Jefferson Middle School Middle Regular 585 21 8
West High School High Regular 2,088 79 9

Victor Elementary School

  • Education Level: Primary
  • # of students: 978
  • # of teachers: 38
8
GreatSchools Rating

Jefferson Middle School

  • Education Level: Middle
  • # of students: 585
  • # of teachers: 21
8
GreatSchools Rating

West High School

  • Education Level: High
  • # of students: 2,088
  • # of teachers: 79
9
GreatSchools Rating
 

$1,057,500$1,292,500$1,175,000

PURCHASE PRICE

$3,564$4,356$3,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,960
EXPENSES Loan Payment -$4,081
Property Tax -$1,130
Property Insurance -$74
Property Management Fees -$194
CASH FLOW
-$1,520

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.

$1,175,000

PROJECTED PRICE

$3,960

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 5.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$317,125

INVESTMENT

$317,125

Down Payment
$293,750
Rehab Estimate
$5,750
Closing Costs
$17,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,081

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $293,750
Loan Amount $881,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,143

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,960

    LIST RENT
  • $2.02

    LIST RENT PER SQFT
  • $3,969

    COMP ESTIMATED VALUE
  • $2.03

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$3,9603$4,0004$4,0005$4,300
$4,300
RENT COMPS ANALYSIS
  • 20701 Entradero Avenue Torrance, CA 2
    • 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $3,960
    • $2.02
    •  
  • 19616 Ronald Avenue Torrance, CA 1
    • 4 beds 3 baths ∙ 1,812 Sqft ∙ Built 1956 4 beds 3 baths ∙ 1,812 Sqft ∙ Built 1956
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.10
    •  
  • 5510 Konya Drive Torrance, CA 3
    • 4 beds 2 baths ∙ 2,100 Sqft ∙ Built 1959 4 beds 2 baths ∙ 2,100 Sqft ∙ Built 1959
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.90
    •  
  • 20125 Wayne Avenue Torrance, CA 4
    • 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 1956
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.08
    •  
  • 21222 Ladeene Avenue Torrance, CA 5
    • 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 1956 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 1956
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $2.02
    •  
PROPERTY LISTING DETAILS
Steve Fingerhut
Beach Equities
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21007675
Last Updated: 01/15/2021
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