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PROPERTY INFO
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.
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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)
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southeast Torrance
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$302,285
LOAN DETAILS
$3,887
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $279,750 |
| Loan Amount | $839,250 |
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
-
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
Champions Real Estate Group South Bay
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SB21046439
Last Updated: 03/05/2021
