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2815 Sepulveda Boulevard #22 Torrance, CA 90505

3 Beds 3 Baths 2,354 sqft Built 2001

$950,000

List Price

$3,930

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $403.57
  • 5 Days on Market
  • MLS # : PV20232638
  • Updated Date : 11/06/2020 at 14:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,354 sqft
  • Baths : 3 full
Listing Agent

Re/max Estate Properties

Listing Agent's Description

welcome to Luxurious gated community of "Hickory Park". Beautiful House offers 3 bedrooms and 2.5 bath plus office or could be used as a 4th bedroom. Living room with fireplace. Hardwood floors in living room, family room, formal dining room and kitchen. Large Master suite w large Tub and shower. Great Kitchen with granite counter tops, 2 car attached garage. Good size backyard, Great location short distance to well known Delamo mall shops and restaurants. Best Torrance schools.

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: Gateway L.A.

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $189k856k

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

Neighborhood: Gateway L.A.

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000320034003600Rent in $14893697

* 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
 

$855,000$1,045,000$950,000

PURCHASE PRICE

$3,537$4,323$3,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,930
EXPENSES Loan Payment -$3,505
Property Tax -$921
Property Insurance -$84
HOA -$245
Property Management Fees -$193
CASH FLOW
-$1,017

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.

$950,000

PROJECTED PRICE

$3,930

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 5.2%
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-$20k-$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$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$7,241

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,930

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $3,925

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$3,8003$3,8504$3,9305$4,300
$4,300
RENT COMPS ANALYSIS
  • 2815 Sepulveda Boulevard Torrance, CA 4
    • 3 beds 3 baths ∙ 2,354 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,354 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $3,930
    • $1.67
    •  
  • 2139 Shelburne Way Torrance, CA 1
    • 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 1987
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.53
    •  
  • 2889 Plaza Del Amo Torrance, CA 2
    • 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2003
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.66
    •  
  • 2889 Plaza Del Amo Torrance, CA 3
    • 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2003
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.68
    •  
  • 2123 Elm Avenue Torrance, CA 5
    • 3 beds 3 baths ∙ 2,393 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,393 Sqft ∙ Built 1991
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.80
    •  
PROPERTY LISTING DETAILS
Jeff Kashanchi
Re/max Estate Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PV20232638
Last Updated: 11/06/2020
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