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20931 Dalton Avenue Torrance, CA 90501

3 Beds 1 Baths 1,286 sqft Built 1951

$750,000

List Price

$3,100

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $583.20
  • 6 Days on Market
  • MLS # : PW21002359
  • Updated Date : 01/05/2021 at 16:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,286 sqft
  • Baths : 1 full
Listing Agent

Reo Property Brokers

Listing Agent's Description

Property is in move in condition. Just remodeled home with a nice open floor plan. New kitchen cabinets and counter tops. Appliances are included in sale. Updated restroom. Freshly painted interior. New laminate flooring through out. Bedrooms have new carpet. Large back yard. Exterior has been recently painted. New garage door. Centrally located near schools and transportation. Don't miss out on this opportunity.

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: Gateway L.A.

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $189k856k

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

Neighborhood: Gateway L.A.

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000320034003600Rent in $14893697

* 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
Halldale Elementary School Primary Regular 542 24 6
Stephen M White Middle School Middle Regular 1,656 64 5
Nathaniel Narbonne Senior High School High Regular 2,596 104 4

Halldale Elementary School

  • Education Level: Primary
  • # of students: 542
  • # of teachers: 24
6
GreatSchools Rating

Stephen M White Middle School

  • Education Level: Middle
  • # of students: 1,656
  • # of teachers: 64
5
GreatSchools Rating

Nathaniel Narbonne Senior High School

  • Education Level: High
  • # of students: 2,596
  • # of teachers: 104
4
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$2,605
Property Tax -$812
Property Insurance -$58
Property Management Fees -$152
CASH FLOW
-$527

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.

$750,000

PROJECTED PRICE

$3,100

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 5.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$14,672

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,100

    LIST RENT
  • $2.41

    LIST RENT PER SQFT
  • $3,382

    COMP ESTIMATED VALUE
  • $2.63

    COMP AVG. RENT PER SQFT
Comps Range
$3,095
1$3,0952$3,1003$3,1004$3,4255$3,500
$3,500
RENT COMPS ANALYSIS
  • 20931 Dalton Avenue Torrance, CA 3
    • 3 beds 1 baths ∙ 1,286 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,286 Sqft ∙ Built 1951
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.41
    •  
  • 1331 W 218th Street Torrance, CA 1
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1957
    property image
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $2.81
    •  
  • 21310 Jaffrey Avenue Torrance, CA 2
    • 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
    •  
  • 1601 W 211th Street Torrance, CA 4
    • 3 beds 1 baths ∙ 1,325 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,325 Sqft ∙ Built 1951
    property image
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,425
    • $2.58
    •  
  • 21232 Doble Avenue Torrance, CA 5
    • 4 beds 1 baths ∙ 1,249 Sqft ∙ Built 1960 4 beds 1 baths ∙ 1,249 Sqft ∙ Built 1960
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.80
    •  
PROPERTY LISTING DETAILS
Carlos Cornejo
Reo Property Brokers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21002359
Last Updated: 01/05/2021
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