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22325 Kathryn Avenue Torrance, CA 90505

3 Beds 1 Baths 1,524 sqft Built 1953

$874,999

List Price

$3,400

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1953
  • Price/Sqft : $574.15
  • 4 Days on Market
  • MLS # : SB20232179
  • Updated Date : 11/06/2020 at 11:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,524 sqft
  • Baths : 1 full
Listing Agent

West Shores Realty, Inc.

Listing Agent's Description

SEASIDE NEIGHBORHOOD, HIGHLY DESIRABLE COMMUNITY IN THE BEAUTIFUL CITY OF TORRANCE. This beautiful single family home is located just 10 minutes way from the beach, shopping mall, shopping centers, supermarket, parks and is in one of the best school district in the area with award-wining schools. This move-in-ready beauty, lovingly maintained and cared for over the years, features 1,524sqf of living space. This single-level spacious home, has 3 bedrooms and 1 and 3/4 bathrooms, spacious and welcoming living room, formal dining with fireplace. separate breakfast area, specious well maintained kitchen with plenty of cabinets and granite counter top. Price includes the microwave, stove and refrigerator. Dual-pane windows, hardwood and marble floors throughout, cooper plumbing, spacious backyard with many fruit trees perfect for entertaining while enjoying the ocean breeze. this property is ready for you and your family to start creating new memories, sits in 5,496sqf lot. even though this property is move in ready and beautifully kept still has a lot of potential for you to convert it into an over a million dollar home. Please review the virtual tour before visiting the property.

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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: Seaside

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $199k1002k

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

Neighborhood: Seaside

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800Rent in $17843826

* 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
Seaside Elementary School Primary Regular 603 23 10
Calle Mayor Middle School Middle Regular 770 29 8
South High School High Regular 2,132 88 10

Seaside Elementary School

  • Education Level: Primary
  • # of students: 603
  • # of teachers: 23
10
GreatSchools Rating

Calle Mayor Middle School

  • Education Level: Middle
  • # of students: 770
  • # of teachers: 29
8
GreatSchools Rating

South High School

  • Education Level: High
  • # of students: 2,132
  • # of teachers: 88
10
GreatSchools Rating
 

$787,499$962,499$874,999

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$3,228
Property Tax -$848
Property Insurance -$64
Property Management Fees -$167
CASH FLOW
-$907

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.

$874,999

PROJECTED PRICE

$3,400

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 6.6%
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

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$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,228

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $218,750
Loan Amount $656,249
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$8,592

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,400

    LIST RENT
  • $2.23

    LIST RENT PER SQFT
  • $3,578

    COMP ESTIMATED VALUE
  • $2.35

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,4503$3,4504$3,7005$3,800
$3,800
RENT COMPS ANALYSIS
  • 22325 Kathryn Avenue Torrance, CA 1
    • 3 beds 1 baths ∙ 1,524 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,524 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.23
    •  
  • 21517 Ocean Avenue Torrance, CA 2
    • 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 1956
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $2.40
    •  
  • 22006 Anza Avenue Torrance, CA 3
    • 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1956
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $2.17
    •  
  • 22330 Marjorie Avenue Torrance, CA 4
    • 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1953
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.19
    •  
  • 22327 Evalyn Avenue Torrance, CA 5
    • 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 1953 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 1953
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.63
    •  
PROPERTY LISTING DETAILS
Irma Hanna
West Shores Realty, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB20232179
Last Updated: 11/06/2020
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