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2132 W 161st Street Torrance, CA 90504

4 Beds 1 Baths 2,198 sqft Built 1957

$929,000

List Price

$3,620

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $422.66
  • 10 Days on Market
  • MLS # : SB21009589
  • Updated Date : 01/27/2021 at 09:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,198 sqft
  • Baths : 1 full
Listing Agent

Century 21 Union Realty

Listing Agent's Description

Torrance School District, here we come!!! It's much desired and sought after by families and only one of the perks when you get to buy this home. What else? This North Torrance home is truly comfortable in its space and design. A 4-bedroom/3-baths home (1 room would make a great home office / study, perfect for this pandemic time) with a great room that includes the family room, kitchen and dining area all seamlessly joined in the home's floor plan. Love that openness! The front living room is even appropriate for these times when you need to distance socially - it's a feature you might put to good use! :) The master bedroom upstairs is very private and secluded, not to mention spacious and chic with its walk-in closet, built-ins and an inviting bathroom with double sinks, a granite countertop, additional closet space and an attractive shower! And, it's a pool home (fenced-in) with an in-ground jacuzzi too! Another good feature is that one of the bathrooms has a door that opens to the backyard (perfect for after a swim or using the jacuzzi!). Did I mention that it's a fiberglass pool? Home has copper plumbing, a fireplace in the family room, recessed lighting and a skylight. Two-car garage with a driveway for additional parking. New front yard fencing looks great! Overall, a unique family home to cherish and enjoy for many years! Some TLC needed. Sold "as-is".

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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: Northeast Torrance

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Northeast Torrance

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16733697

* 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
Lincoln Elementary School Primary Regular 436 17 8
Casimir Middle School Middle Regular 697 27 8
North High School High Regular 1,956 75 9

Lincoln Elementary School

  • Education Level: Primary
  • # of students: 436
  • # of teachers: 17
8
GreatSchools Rating

Casimir Middle School

  • Education Level: Middle
  • # of students: 697
  • # of teachers: 27
8
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 1,956
  • # of teachers: 75
9
GreatSchools Rating
 

$836,100$1,021,900$929,000

PURCHASE PRICE

$3,258$3,982$3,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,620
EXPENSES Loan Payment -$3,227
Property Tax -$900
Property Insurance -$80
Property Management Fees -$177
CASH FLOW
-$765

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.

$929,000

PROJECTED PRICE

$3,620

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 6.9%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$251,935

INVESTMENT

$251,935

Down Payment
$232,250
Rehab Estimate
$5,750
Closing Costs
$13,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,227

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $232,250
Loan Amount $696,750
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$13,037

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,620

    LIST RENT
  • $1.65

    LIST RENT PER SQFT
  • $3,704

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$3,350
1$3,3502$3,5003$3,620
$3,620
RENT COMPS ANALYSIS
  • 2132 W 161st Street Torrance, CA 3
    • 4 beds 1 baths ∙ 2,198 Sqft ∙ Built 1957 4 beds 1 baths ∙ 2,198 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $3,620
    • $1.65
    •  
  • 16728 Francis Court Torrance, CA 1
    • 4 beds 2 baths ∙ 2,063 Sqft ∙ Built 1963 4 beds 2 baths ∙ 2,063 Sqft ∙ Built 1963
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.62
    •  
  • 4134 W 165th Street Lawndale, CA 2
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1969
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.75
    •  
PROPERTY LISTING DETAILS
Teresita Creedon
Century 21 Union Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB21009589
Last Updated: 01/27/2021
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