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2546 W 232nd Street Torrance, CA 90505

4 Beds 3 Baths 2,517 sqft Built 1964

$1,399,900

List Price

$4,350

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $556.18
  • 5 Days on Market
  • MLS # : SB21150436
  • Updated Date : 07/11/2021 at 09:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,517 sqft
  • Baths : 3 full
Listing Agent

West Shores Realty, Inc.

Listing Agent's Description

This beautiful move-in-ready 4 bedroom, 3 bath tri-level home in Marble Estates boasts 2517 sq. ft. of living space on an extremely private 6672 sq. ft. lot. The double door entryway leads you into a spacious, inviting, sun-filled living/dining room with vaulted ceilings, fireplace, and floor-to-ceiling windows. The kitchen and bathrooms have all been tastefully remodeled in recent years and are in pristine condition. Top-level with 3 bedrooms, 2 baths. Bottom level with 1 bedroom, 1 bath, laundry room, and large family room with sliding glass doors that open to the perfectly manicured backyard. Indoor / outdoor living is what Southern CA is all about. This is a must-see property in a wonderful neighborhood close to parks, schools, shopping, and restaurants. Don’t miss the opportunity to own this beloved home!

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MARKET HIGHLIGHTS

  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: Marble Estates

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $199k1154k

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

Neighborhood: Marble Estates

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400360038004000Rent in $17844161

* 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
Hickory Elementary School Primary Regular 913 36 8
Madrona Middle School Middle Regular 690 24 7
Torrance High School High Regular 2,113 78 9

Hickory Elementary School

  • Education Level: Primary
  • # of students: 913
  • # of teachers: 36
8
GreatSchools Rating

Madrona Middle School

  • Education Level: Middle
  • # of students: 690
  • # of teachers: 24
7
GreatSchools Rating

Torrance High School

  • Education Level: High
  • # of students: 2,113
  • # of teachers: 78
9
GreatSchools Rating
 

$1,259,910$1,539,890$1,399,900

PURCHASE PRICE

$3,915$4,785$4,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,350
EXPENSES Loan Payment -$4,862
Property Tax -$1,357
Property Insurance -$88
Property Management Fees -$213
CASH FLOW
-$2,170

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.

$1,399,900

PROJECTED PRICE

$4,350

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 7.3%
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$4.0M

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$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$376,724

INVESTMENT

$376,724

Down Payment
$349,975
Rehab Estimate
$5,750
Closing Costs
$20,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,862

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $349,975
Loan Amount $1,049,925
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$126

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,350

    LIST RENT
  • $1.73

    LIST RENT PER SQFT
  • $4,531

    COMP ESTIMATED VALUE
  • $1.8

    COMP AVG. RENT PER SQFT
Comps Range
$4,000
1$4,0002$4,2003$4,3504$4,7005$4,800
$4,800
RENT COMPS ANALYSIS
  • 2546 W 232nd Street Torrance, CA 3
    • 4 beds 3 baths ∙ 2,517 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,517 Sqft ∙ Built 1964
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $1.73
    •  
  • 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
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.74
    •  
  • 2317 Santa Fe Avenue Torrance, CA 2
    • 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 1977
    property image
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.81
    •  
  • 2755 W 234th Street Torrance, CA 4
    • 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 1965
    property image
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.82
    •  
  • 2406 Santa Fe Avenue Torrance, CA 5
    • 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 1977
    property image
    LEASED 06/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.83
    •  
PROPERTY LISTING DETAILS
Stephanie Thomas
West Shores Realty, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB21150436
Last Updated: 07/11/2021
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