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20809 Avis Avenue Torrance, CA 90503

3 Beds 2 Baths 1,431 sqft Built 1957

$899,000

List Price

$3,190

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1957
  • Price/Sqft : $628.23
  • 6 Days on Market
  • MLS # : SB20228818
  • Updated Date : 10/29/2020 at 16:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,431 sqft
  • Baths : 2 full
Listing Agent

Pacific Onward Inc.

Listing Agent's Description

Build in 1957 attractive A-style home in a nice neighborhood. Perfect for family. Down stair with comfortable living room with hardwood floor and master bedroom and full bathroom. Up stair has 2 bedroom and 3/4 bath with carpet. Recently finished kitchen counter top with quartz and next to is washer/dryer room. Termite tent was done two years ago and subterranean drill was done in January of this year. Water tank was replaced five years ago. Great schools districts: Victor Elementary school Jefferson middle school West high School. 5 minutes to Shopping Mall, 2 minutes to Torrance City Hall. Sold as is. Seller will not do any repairs. Open house: This Saturday and Sunday: 11am-4pm

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Delthome

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k870k

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

Neighborhood: Delthome

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $17843741

* 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
 

$809,100$988,900$899,000

PURCHASE PRICE

$2,871$3,509$3,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,190
EXPENSES Loan Payment -$3,317
Property Tax -$871
Property Insurance -$62
Property Management Fees -$156
CASH FLOW
-$1,216

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.

$899,000

PROJECTED PRICE

$3,190

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 6.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,256

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,190

    LIST RENT
  • $2.23

    LIST RENT PER SQFT
  • $3,281

    COMP ESTIMATED VALUE
  • $2.29

    COMP AVG. RENT PER SQFT
Comps Range
$3,190
1$3,1902$3,4003$3,4004$3,4505$3,500
$3,500
RENT COMPS ANALYSIS
  • 20809 Avis Avenue Torrance, CA 1
    • 3 beds 2 baths ∙ 1,431 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,431 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $3,190
    • $2.23
    •  
  • 4302 Torrance Boulevard Torrance, CA 2
    • 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1956
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.31
    •  
  • 21238 Kent Avenue Torrance, CA 3
    • 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1956
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.11
    •  
  • 21517 Ocean Avenue Torrance, CA 4
    • 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 1956
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $2.40
    •  
  • 3134 Torrance Boulevard Torrance, CA 5
    • 4 beds 2 baths ∙ 1,491 Sqft ∙ Built 1951 4 beds 2 baths ∙ 1,491 Sqft ∙ Built 1951
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.35
    •  
PROPERTY LISTING DETAILS
David Ahn
Pacific Onward Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB20228818
Last Updated: 10/29/2020
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