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2132 W 235th Place Torrance, CA 90501

4 Beds 2 Baths 2,128 sqft Built 1965

$1,119,000

List Price

$3,840

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $525.85
  • 3 Days on Market
  • MLS # : SB21046439
  • Updated Date : 03/05/2021 at 20:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,128 sqft
  • Baths : 2 full
Listing Agent

Champions Real Estate Group South Bay

Listing Agent's Description

Come visit this charming 4 bed & 2 bath home located in desirable Southeast Torrance. This home has two stories, upgraded kitchen, open living room with fireplace sitting on a 5,780 sqft lot. Great for hosting with cover patio and pool. The property is conveniently located in a quiet street zoned to highly acclaimed schools, close to parks, shopping centers, restaurants and within minutes to the beach.

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)
  • 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]
  • 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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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 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: Southeast Torrance

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Southeast Torrance

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $17843697

* 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
Adams Elementary School Primary Regular 423 16 7
J. H. Hull Middle School Middle Regular 711 28 6
Torrance High School High Regular 2,113 78 9

Adams Elementary School

  • Education Level: Primary
  • # of students: 423
  • # of teachers: 16
7
GreatSchools Rating

J. H. Hull Middle School

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 28
6
GreatSchools Rating

Torrance High School

  • Education Level: High
  • # of students: 2,113
  • # of teachers: 78
9
GreatSchools Rating
 

$1,007,100$1,230,900$1,119,000

PURCHASE PRICE

$3,456$4,224$3,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,840
EXPENSES Loan Payment -$3,887
Property Tax -$1,085
Property Insurance -$78
Property Management Fees -$188
CASH FLOW
-$1,398

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.

$1,119,000

PROJECTED PRICE

$3,840

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 6.2%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$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$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$302,285

INVESTMENT

$302,285

Down Payment
$279,750
Rehab Estimate
$5,750
Closing Costs
$16,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,887

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $279,750
Loan Amount $839,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,494

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,840

    LIST RENT
  • $1.8

    LIST RENT PER SQFT
  • $3,841

    COMP ESTIMATED VALUE
  • $1.81

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,5003$3,8004$3,8405$4,200
$4,200
RENT COMPS ANALYSIS
  • 2132 W 235th Place Torrance, CA 4
    • 4 beds 2 baths ∙ 2,128 Sqft ∙ Built 1965 4 beds 2 baths ∙ 2,128 Sqft ∙ Built 1965
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,840
    • $1.80
    •  
  • 2256 W 232nd Street Torrance, CA 1
    • 4 beds 2 baths ∙ 1,971 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,971 Sqft ∙ Built 1974
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.78
    •  
  • 1939 235th Street W Torrance, CA 2
    • 4 beds 2 baths ∙ 2,037 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,037 Sqft ∙ Built 1973
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.72
    •  
  • 2311 Sepulveda Way Torrance, CA 3
    • 4 beds 2 baths ∙ 1,989 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,989 Sqft ∙ Built 1977
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.91
    •  
  • 2317 Santa Fe Avenue Torrance, CA 5
    • 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 1977
    property image
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.81
    •  
PROPERTY LISTING DETAILS
Johnathen Reyes
Champions Real Estate Group South Bay
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB21046439
Last Updated: 03/05/2021
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