Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

21012 Doble Avenue Torrance, CA 90502

5 Beds 3 Baths 1,931 sqft Built 1960

$749,000

List Price

$3,190

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 1960
  • Price/Sqft : $387.88
  • 2 Days on Market
  • MLS # : 20656688
  • Updated Date : 11/07/2020 at 20:21
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,931 sqft
  • Baths : 3 full
Listing Agent

4-sure Realty Group

Listing Agent's Description

Seller very motivated!!! Priced to sell quickly...this one won't last. Located in very desirable, quiet street in Northeast Torrance. Single-story home situated on a very large lot. This spacious home has 5 bedrooms & 3 bathrooms, an amazing family room with open beamed cathedral ceiling and fireplace. This room leads to the covered patio and backyard. This cozy neighborhood is close to 110 Harbor & 405 Freeways & Harbor UCLA Medical Center

SEE MORE

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 Carson

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750kPrice in $174k779k

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

Neighborhood: West Carson

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $15863321

* 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
Van Deene Avenue Elementary School Primary Regular 393 18 6
Van Deene Avenue Elementary School Middle Regular 393 18 6
Nathaniel Narbonne Senior High School High Regular 2,596 104 4

Van Deene Avenue Elementary School

  • Education Level: Primary
  • # of students: 393
  • # of teachers: 18
6
GreatSchools Rating

Van Deene Avenue Elementary School

  • Education Level: Middle
  • # of students: 393
  • # of teachers: 18
6
GreatSchools Rating

Nathaniel Narbonne Senior High School

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

$674,100$823,900$749,000

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 -$2,763
Property Tax -$827
Property Insurance -$74
Property Management Fees -$156
CASH FLOW
-$630

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.

$749,000

PROJECTED PRICE

$3,190

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$13,972

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
  • $1.65

    LIST RENT PER SQFT
  • $3,148

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,1903$3,2004$3,2005$3,600
$3,600
RENT COMPS ANALYSIS
  • 21012 Doble Avenue Torrance, CA 2
    • 5 beds 3 baths ∙ 1,931 Sqft ∙ Built 1960 5 beds 3 baths ∙ 1,931 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $3,190
    • $1.65
    •  
  • 22533 S Vermont Avenue Torrance, CA 1
    • 4 beds 3 baths ∙ 1,652 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,652 Sqft ∙ Built 1980
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.76
    •  
  • 1639 Oakhorne Drive Harbor City, CA 3
    • 4 beds 3 baths ∙ 2,090 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,090 Sqft ∙ Built 1969
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.53
    •  
  • 1027 Gian Drive Torrance, CA 4
    • 5 beds 4 baths ∙ 2,172 Sqft ∙ Built 1977 5 beds 4 baths ∙ 2,172 Sqft ∙ Built 1977
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.47
    •  
  • 23022 Bolsa Avenue Carson, CA 5
    • 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1967
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.76
    •  
PROPERTY LISTING DETAILS
Yolanda Bowman
4-sure Realty Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20656688
Last Updated: 11/07/2020
BESbswy