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22232 Denker Avenue Torrance, CA 90501

3 Beds 1 Baths 1,032 sqft Built 1947

$679,995

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $658.91
  • 105 Days on Market
  • MLS # : PW20202752
  • Updated Date : 12/22/2020 at 15:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,032 sqft
  • Baths : 1 full
Listing Agent

Stonehouse Realty

Listing Agent's Description

Updated 3 Bedroom 1 Bath Home with Detached Drive-Thru 2 Car Detached Garage on a Corner Lot. Newer Windows & Blinds. Newer Interior and Exterior Doors. Custom Paint & Interior Decorative Wall Trim. Newer Wood-Like Laminate Flooring. Arlo Home Security Camera System. Phillips Hue Smart Light App. Eco Heater Convection System. Bose Surround System in Living Room. Remodeled Kitchen. Electric Cooktop. Built-in Dish Rack. Refrigerator Included. Custom Built-in Dining Table, Shelves and Seating Bench w/Storage. Remodeled Bath. Laundry Room. Washer and Dryer Included. 2 Car Detached Garage. Drive-Thru Garage Feature – Two Automatic Garage Doors. MyQ Smart Garage Door Opener. Decomposed Granite in Front Yard. Professionally Landscaped with Shrub Spray System. Newer Perimeter Fence. Outside Grill and Refrigerator Enclosure. Must See to Appreciate. ***Build Out Opportunity to Construct 2nd Master Bedroom Bath (5X14) after COE to increase square footage to 1,183 (approx.) and home’s value. Great Opportunity to purchase completely remodeled 3 bedroom 2 bath Torrance Area Home for less than $800k***

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Gateway L.A.

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $189k856k

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

Neighborhood: Gateway L.A.

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000320034003600Rent in $14893697

* 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
Meyler Street Elementary School Primary Regular 788 33 4
Alexander Fleming Middle School Middle Regular 1,508 60 6
Nathaniel Narbonne Senior High School High Regular 2,596 104 4

Meyler Street Elementary School

  • Education Level: Primary
  • # of students: 788
  • # of teachers: 33
4
GreatSchools Rating

Alexander Fleming Middle School

  • Education Level: Middle
  • # of students: 1,508
  • # of teachers: 60
6
GreatSchools Rating

Nathaniel Narbonne Senior High School

  • Education Level: High
  • # of students: 2,596
  • # of teachers: 104
4
GreatSchools Rating
 

$611,996$747,995$679,995

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$2,362
Property Tax -$737
Property Insurance -$52
Property Management Fees -$114
CASH FLOW
-$944

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.

$679,995

PROJECTED PRICE

$2,320

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 5.2%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,949

INVESTMENT

$185,949

Down Payment
$169,999
Rehab Estimate
$5,750
Closing Costs
$10,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,362

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $169,999
Loan Amount $509,996
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$220

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $2.25

    LIST RENT PER SQFT
  • $2,340

    COMP ESTIMATED VALUE
  • $2.27

    COMP AVG. RENT PER SQFT
Comps Range
$2,320
1$2,3202$2,8003$2,8004$2,8005$3,100
$3,100
RENT COMPS ANALYSIS
  • 22232 Denker Avenue Torrance, CA 1
    • 3 beds 1 baths ∙ 1,032 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,032 Sqft ∙ Built 1947
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $2.25
    •  
  • 539 W 224th Place Carson, CA 2
    • 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1959
    property image
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.25
    •  
  • 2803 Alberta Street Torrance, CA 3
    • 3 beds 1 baths ∙ 1,274 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,274 Sqft ∙ Built 1950
    property image
    LEASED 07/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.20
    •  
  • 21802 Archibald Avenue Carson, CA 4
    • 4 beds 1 baths ∙ 1,222 Sqft ∙ Built 1957 4 beds 1 baths ∙ 1,222 Sqft ∙ Built 1957
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.29
    •  
  • 21310 Jaffrey Avenue Torrance, CA 5
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1960
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.33
    •  
PROPERTY LISTING DETAILS
Jamaysa Williams
Stonehouse Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20202752
Last Updated: 12/22/2020
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