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25215 Weston Road Torrance, CA 90505

3 Beds 1 Baths 1,200 sqft Built 1952

$818,000

List Price

$3,150

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $681.67
  • 6 Days on Market
  • MLS # : SB20186822
  • Updated Date : 12/04/2020 at 09:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,200 sqft
  • Baths : 1 full
Listing Agent

Re/max Estate Properties

Listing Agent's Description

GREAT OPPORTUNITY! This Walteria Home is Currently the Lowest Priced Home Available in 90505. It Offers 3 Bedrooms PLUS a Den/Office/4th Room, Forced Air Heating, Enclosed Laundry Room, Detached 2-Car Garage with Spacious Yard and Long Gated Driveway. Bring your tools and your imagination!

SEE MORE

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: Walteria

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $199k901k

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

Neighborhood: Walteria

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
Walteria Elementary School Primary Regular 657 24 9
Edward J. Richardson Middle School Middle Regular 691 25 9
South High School High Regular 2,132 88 10

Walteria Elementary School

  • Education Level: Primary
  • # of students: 657
  • # of teachers: 24
9
GreatSchools Rating

Edward J. Richardson Middle School

  • Education Level: Middle
  • # of students: 691
  • # of teachers: 25
9
GreatSchools Rating

South High School

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

$736,200$899,800$818,000

PURCHASE PRICE

$2,835$3,465$3,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,150
EXPENSES Loan Payment -$3,018
Property Tax -$793
Property Insurance -$56
Property Management Fees -$154
CASH FLOW
-$871

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.

$818,000

PROJECTED PRICE

$3,150

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 8.1%
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$222,520

INVESTMENT

$222,520

Down Payment
$204,500
Rehab Estimate
$5,750
Closing Costs
$12,270

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,018

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $204,500
Loan Amount $613,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$7,090

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,150

    LIST RENT
  • $2.63

    LIST RENT PER SQFT
  • $3,192

    COMP ESTIMATED VALUE
  • $2.66

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,1503$3,3004$3,3005$3,500
$3,500
RENT COMPS ANALYSIS
  • 25215 Weston Road Torrance, CA 2
    • 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $2.63
    •  
  • 2509 Ridgeland Road Torrance, CA 1
    • 3 beds 1 baths ∙ 1,140 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,140 Sqft ∙ Built 1955
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.72
    •  
  • 3252 Dalemead Street Torrance, CA 3
    • 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1950
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.52
    •  
  • 2521 Highcliff Drive Torrance, CA 4
    • 3 beds 1 baths ∙ 1,214 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,214 Sqft ∙ Built 1955
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.72
    •  
  • 2703 Grand Summit Road Torrance, CA 5
    • 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1954
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.68
    •  
PROPERTY LISTING DETAILS
Julie Lockwood
Re/max Estate Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB20186822
Last Updated: 12/04/2020
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