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23136 Anza Avenue Torrance, CA 90505

3 Beds 2 Baths 1,738 sqft Built 1960

$1,280,000

List Price

$3,970

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $736.48
  • 25 Days on Market
  • MLS # : SB21043630
  • Updated Date : 03/25/2021 at 15:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,738 sqft
  • Baths : 2 full
Listing Agent

Century 21 Union Realty

Listing Agent's Description

This is it! This is the house that gets your kids into the Torrance Schools, gets you a mile from the beach and gets everyone into a great neighborhood. Turn key house that has been lovingly updated and maintained. All you have to do is let the kids pick their rooms, hook up the internet and start enjoying. The solid wood door welcomes everybody into this bright and airy home. Tons of natural light in every room. The kitchen allows the home chef to be part of the family with the open concept. Plenty of cabinet space and beautiful stone counters will make you enjoy cooking again. Large dining area that flows into the family room with one of the fireplaces. The bonus room, used as a guest bedroom currently, has it's own fireplace. Your primary bedroom is huge, with two large closets. Lamanite flooring throughout. Dual pane windows and a newer furnace will keep the gas bills low. The backyard extends the inside living area. The alley access, two car garage has a storage/workshop that is ready to go. There is a large space on in the backyard for a RV or boat, toy hauler, weekend project car. The property is located in the Torrance Soils Area. Follow link to find out what that mean to home owners in the area.

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)
  • 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: Southwood Riviera

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $199k970k

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

Neighborhood: Southwood Riviera

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800Rent in $17843818

* 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
Arnold Elementary School Primary Regular 733 29 8
Calle Mayor Middle School Middle Regular 770 29 8
South High School High Regular 2,132 88 10

Arnold Elementary School

  • Education Level: Primary
  • # of students: 733
  • # of teachers: 29
8
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
 

$1,152,000$1,408,000$1,280,000

PURCHASE PRICE

$3,573$4,367$3,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,970
EXPENSES Loan Payment -$4,446
Property Tax -$1,241
Property Insurance -$69
Property Management Fees -$195
CASH FLOW
-$1,980

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.

$1,280,000

PROJECTED PRICE

$3,970

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 6.8%
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$344,950

INVESTMENT

$344,950

Down Payment
$320,000
Rehab Estimate
$5,750
Closing Costs
$19,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,446

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $320,000
Loan Amount $960,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$114

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,970

    LIST RENT
  • $2.28

    LIST RENT PER SQFT
  • $3,980

    COMP ESTIMATED VALUE
  • $2.29

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,7003$3,9704$4,5005$4,500
$4,500
RENT COMPS ANALYSIS
  • 23136 Anza Avenue Torrance, CA 3
    • 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,970
    • $2.28
    •  
  • 23506 Kathryn Avenue Torrance, CA 1
    • 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1962
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.27
    •  
  • 22330 Marjorie Avenue Torrance, CA 2
    • 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1953
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.19
    •  
  • 23235 Ladeene Avenue Torrance, CA 4
    • 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 1961
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.32
    •  
  • 4911 Marion Avenue Torrance, CA 5
    • 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 1953
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.38
    •  
PROPERTY LISTING DETAILS
Eric Rook
Century 21 Union Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB21043630
Last Updated: 03/25/2021
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