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2722 Dalemead Street Torrance, CA 90505

4 Beds 2 Baths 1,554 sqft Built 1953

$1,125,000

List Price

$3,570

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $723.94
  • 5 Days on Market
  • MLS # : PV21061312
  • Updated Date : 03/24/2021 at 10:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,554 sqft
  • Baths : 2 full
Listing Agent

Re/max Estate Properties

Listing Agent's Description

Nestled in the warmth of Walteria. Dalemead is thoughtfully designed throughout the interior and exterior features. Low maintenance drought resistant plants, astroturf, plantation shutters, rain gutters, and stack stone squares off the front facade. The remodeled aspects continue to through the entirety of the property. Hardwood floors, newer windows, LED lighting, bullnose cream walls, and an inviting open layout. The kitchen has bright granite countertops complimented by rich wood cabinetry with river stone colored backsplash around the stainless steel appliances. The family room rises up to high ceilings that allow bountiful natural light to spring in through windows and the french double door entrance to the backyard. The bohemian backyard has lush undertones, vibrant tropical vegetation, hardscaped where needed and space for personal touch. The home houses 4 bedrooms and immaculately designed bathrooms. The master enjoys a double sink brilliant cabinetry, and quartz everything. Laundry room in the home. The dog run houses 2 A/C condensers and the separate side yard has ample space leading up to the finished 2-car garage.

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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: 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
 

$1,012,500$1,237,500$1,125,000

PURCHASE PRICE

$3,213$3,927$3,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,570
EXPENSES Loan Payment -$3,908
Property Tax -$1,090
Property Insurance -$65
Property Management Fees -$175
CASH FLOW
-$1,667

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.

$1,125,000

PROJECTED PRICE

$3,570

PROJECTED RENT

0.32%

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$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$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$303,875

INVESTMENT

$303,875

Down Payment
$281,250
Rehab Estimate
$5,750
Closing Costs
$16,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,908

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $281,250
Loan Amount $843,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$169

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,570

    LIST RENT
  • $2.3

    LIST RENT PER SQFT
  • $3,104

    COMP ESTIMATED VALUE
  • $2

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,0003$3,5004$3,5005$3,570
$3,570
RENT COMPS ANALYSIS
  • 2722 Dalemead Street Torrance, CA 5
    • 4 beds 2 baths ∙ 1,554 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,554 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $3,570
    • $2.30
    •  
  • 2444 W 255th Street Lomita, CA 1
    • 3 beds 1 baths ∙ 1,500 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,500 Sqft ∙ Built 1948
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.93
    •  
  • 2601 Dalemead Street Torrance, CA 2
    • 4 beds 2 baths ∙ 1,401 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,401 Sqft ∙ Built 1953
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.14
    •  
  • 2512 Dalemead Street Torrance, CA 3
    • 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1955
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.03
    •  
  • 2507 Brian Avenue Torrance, CA 4
    • 4 beds 2 baths ∙ 1,849 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,849 Sqft ∙ Built 1955
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.89
    •  
PROPERTY LISTING DETAILS
Jared Yutronich
Re/max Estate Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PV21061312
Last Updated: 03/24/2021
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