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3615 W 225th Street Torrance, CA 90505

3 Beds 3 Baths 1,470 sqft Built 1956

$940,000

List Price

$3,340

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $639.46
  • 6 Days on Market
  • MLS # : SB20261524
  • Updated Date : 12/30/2020 at 11:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,470 sqft
  • Baths : 3 full
Listing Agent

Redfin Corporation

Listing Agent's Description

****FIRST TIME ON THE MARKET***** Come and see this wonderful single level home on a quiet tree-lined street in this popular neighborhood. The manicured front lawn with brick planters leads to the front porch and into the front living room with refinished hardwood floors, crown molding and updated fireplace. Open dining area connects to the remodeled kitchen with granite countertops, gorgeous dark wood cabinets with Travertine tile floors plus breakfast nook and pantry, conveniently located next to the laundry area. One bedroom has a 3/4 bathroom, updated with newer vanity and lighting. Two more light and bright bedrooms share a 3/4 bathroom, fully remodeled with walk-in shower and new vanity. At the rear, a large family room offers plenty of space for recreation and relaxation, plus another full bathroom with tub. French doors lead out to the delightful deck and covered patio to enjoy the peace and serenity of this private oasis among the well-maintained plants and foliage. Numerous updates to this home include a newer central heating and air conditioning system, dual pane windows and 100 Amp electrical panel. Perfectly located to enjoy easy access to the mall, stores, beach, the Palos Verdes Peninsula and freeways plus top-ranking Torrance Schools nearby. This home is a winner!

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: Torrance Heights

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $199k910k

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

Neighborhood: Torrance Heights

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
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
 

$846,000$1,034,000$940,000

PURCHASE PRICE

$3,006$3,674$3,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,340
EXPENSES Loan Payment -$3,468
Property Tax -$911
Property Insurance -$63
Property Management Fees -$164
CASH FLOW
-$1,265

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.

$940,000

PROJECTED PRICE

$3,340

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 7.2%
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

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$254,850

INVESTMENT

$254,850

Down Payment
$235,000
Rehab Estimate
$5,750
Closing Costs
$14,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,468

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $235,000
Loan Amount $705,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,379

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,340

    LIST RENT
  • $2.27

    LIST RENT PER SQFT
  • $3,319

    COMP ESTIMATED VALUE
  • $2.26

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,3403$3,3504$3,4505$3,450
$3,450
RENT COMPS ANALYSIS
  • 3615 W 225th Street Torrance, CA 2
    • 3 beds 3 baths ∙ 1,470 Sqft ∙ Built 1956 3 beds 3 baths ∙ 1,470 Sqft ∙ Built 1956
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,340
    • $2.27
    •  
  • 22317 Madison Street Torrance, CA 1
    • 4 beds 2 baths ∙ 1,618 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,618 Sqft ∙ Built 1956
    property image
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.04
    •  
  • 3526 W 227th Place Torrance, CA 3
    • 3 beds 2 baths ∙ 1,382 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,382 Sqft ∙ Built 1954
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.42
    •  
  • 21517 Ocean Avenue Torrance, CA 4
    • 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 1956
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $2.40
    •  
  • 22006 Anza Avenue Torrance, CA 5
    • 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1956
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $2.17
    •  
PROPERTY LISTING DETAILS
Rick Wilkinson
Redfin Corporation
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB20261524
Last Updated: 12/30/2020
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