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22014 Reynolds Drive Drive Torrance, CA 90503

4 Beds 4 Baths 2,622 sqft Built 1955

$1,395,000

List Price

$4,400

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $532.04
  • 2 Days on Market
  • MLS # : SB21058587
  • Updated Date : 03/20/2021 at 16:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,622 sqft
  • Baths : 3 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices California Properties

Listing Agent's Description

GORGEOUS 2600+ SQFT, 2-STORY NEIGHBORHOOD HOME! 4 BEDROOMS/3.5 BATHS. SUPREMELY LOCATED, DEEP IN THE HEART OF SOUTHWOOD (MINIMAL TRAFFIC STREET)! SUPER CLEAN & LOVINGLY MAINTAINED. BEAUTIFUL CURB APPEAL. FREE-FLOWING, FRIENDLY, OPEN FLOOR PLAN. NEWLY INSTALLED CARPETING THROUGHOUT + BEAUTIFUL HARDWOOD FLOORING. UPGRADES GALORE. MODERN, VINYL DUAL PANED WINDOWS. PLANTATION SHUTTERS. CANISTER LIGHTING. SEPARATE DINING ROOM. ABUNDANT CLOSET & CABINET SPACE. FORCED AIR HEATING. FAMILY ROOM FIREPLACE. AIR CONDITIONING. DIRECT, STRAIGHT-LINE PATH FROM FRONT TO REAR DOOR LEADING TO A NICE SIZE BACK YARD. LONG DRIVEWAY LEADS TO DETACHED GARAGE W/ADDED STORAGE/TOOL SHED AT REAR. ENOUGH SPACE FOR RV PARKING. AWARD WINNING TORRANCE SCHOOLS: WEST HIGH, JEFF MID, ANZA ELEM. FRESH 'N COOL PACIFIC OCEAN BREEZES. CLOSE TO EVERYTHING: SHORT BIKE RIDE TO REDONDO BEACH/KING HARBOR. SOUTHWOOD IS A HIGHLY DESIRABLE, MUCH SOUGHT AFTER, LOW-TURNOVER NEIGHBORHOOD. YOU CAN'T BEAT IT (JUST ASK THE NEIGHBORS). DON'T MISS IT!!!

SEE MORE

MARKET HIGHLIGHTS

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

PRICE & RENT TRENDS

Neighborhood: Southwood

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $199k908k

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

Neighborhood: Southwood

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
Anza Elementary School Primary Regular 636 24 10
Jefferson Middle School Middle Regular 585 21 8
West High School High Regular 2,088 79 9

Anza Elementary School

  • Education Level: Primary
  • # of students: 636
  • # of teachers: 24
10
GreatSchools Rating

Jefferson Middle School

  • Education Level: Middle
  • # of students: 585
  • # of teachers: 21
8
GreatSchools Rating

West High School

  • Education Level: High
  • # of students: 2,088
  • # of teachers: 79
9
GreatSchools Rating
 

$1,255,500$1,534,500$1,395,000

PURCHASE PRICE

$3,960$4,840$4,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,400
EXPENSES Loan Payment -$4,845
Property Tax -$1,352
Property Insurance -$90
Property Management Fees -$216
CASH FLOW
-$2,103

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.

$1,395,000

PROJECTED PRICE

$4,400

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 3.9%
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$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$375,425

INVESTMENT

$375,425

Down Payment
$348,750
Rehab Estimate
$5,750
Closing Costs
$20,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,845

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $348,750
Loan Amount $1,046,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$170

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,400

    LIST RENT
  • $1.68

    LIST RENT PER SQFT
  • $4,713

    COMP ESTIMATED VALUE
  • $1.8

    COMP AVG. RENT PER SQFT
Comps Range
$4,000
1$4,0002$4,2503$4,3504$4,4005$4,700
$4,700
RENT COMPS ANALYSIS
  • 22014 Reynolds Drive Drive Torrance, CA 4
    • 4 beds 4 baths ∙ 2,622 Sqft ∙ Built 1955 4 beds 4 baths ∙ 2,622 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.68
    •  
  • 3642 W 227th Place Torrance, CA 1
    • 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1973
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.74
    •  
  • 3915 W 231st Place Torrance, CA 2
    • 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 1964
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.82
    •  
  • 429 Avenue F Redondo Beach, CA 3
    • 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 1959 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 1959
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $1.81
    •  
  • 2755 W 234th Street Torrance, CA 5
    • 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 1965
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.82
    •  
PROPERTY LISTING DETAILS
Larry Humes
Berkshire Hathaway Homeservices California Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB21058587
Last Updated: 03/20/2021
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