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21133 Doble Avenue Torrance, CA 90502

3 Beds 2 Baths 1,332 sqft Built 1960

$770,000

List Price

$2,940

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $578.08
  • 4 Days on Market
  • MLS # : DW21033295
  • Updated Date : 02/20/2021 at 17:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,332 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California Inc.

Listing Agent's Description

Welcome to this one-of-a-kind opportunity in Torrance P.O. area. Enjoy this quiet neighborhood perfectly located within minutes from Alpine Village, Del Amo Mall, restaurants, and the beach. Pride of ownership is present throughout the house. This home has many upgrades. It offers 3 large bedrooms and 2 spectacular recently renovated bathrooms. As you walk in you are greeted with a large open space perfectly laid out for a great family room with full view of the large kitchen and the dining area. Newer wood laminate flooring throughout most of the house. The kitchen was renovated with tons of upgrades, custom cabinets with lots of space, and unique matching granite counter tops that accentuate the cabinets and the large tile floors. Newer fixtures throughout both Kitchen and the bathroom. You can also enjoy the separate dining area with newly installed flooring and access to backyard. The bathrooms are both immaculate. Owners used high end quality fixtures and rainfall pressure shower faucet in the bathroom, PLUS complementing custom tile work throughout…this is a must see. Each bedroom offers large space and closet space to accommodate large bedroom sets. Newer windows with plantation shutters throughout the house. Roof is less than 10 years old, electrical in newer as well to accommodate central air and heat throughout. PLUS, newer plumbing starting from city sewer all the way through the house. This home IS A MUST SEE, we welcome all to COME SEE IT TODAY!

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)
  • 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 area contributes to 55.3% of California state economy i.e. Gross State Product (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)
  • 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
Stephen M White Middle School Middle Regular 1,656 64 5
Nathaniel Narbonne Senior High School High Regular 2,596 104 4

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
 

$693,000$847,000$770,000

PURCHASE PRICE

$2,646$3,234$2,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,940
EXPENSES Loan Payment -$2,675
Property Tax -$850
Property Insurance -$59
Property Management Fees -$144
CASH FLOW
-$788

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.

$770,000

PROJECTED PRICE

$2,940

PROJECTED RENT

0.38%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$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$209,800

INVESTMENT

$209,800

Down Payment
$192,500
Rehab Estimate
$5,750
Closing Costs
$11,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,675

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $192,500
Loan Amount $577,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,787

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,940

    LIST RENT
  • $2.21

    LIST RENT PER SQFT
  • $2,947

    COMP ESTIMATED VALUE
  • $2.21

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,9403$2,9754$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 21133 Doble Avenue Torrance, CA 2
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $2,940
    • $2.21
    •  
  • 21802 Archibald Avenue Carson, CA 1
    • 4 beds 1 baths ∙ 1,222 Sqft ∙ Built 1957 4 beds 1 baths ∙ 1,222 Sqft ∙ Built 1957
    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
    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
    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
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.33
    •  
PROPERTY LISTING DETAILS
Phillip Nunez
Exp Realty Of California Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW21033295
Last Updated: 02/20/2021
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