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3772 Newton Street Torrance, CA 90505

3 Beds 3 Baths 2,660 sqft Built 1989

$1,199,000

List Price

$4,170

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $450.75
  • 4 Days on Market
  • MLS # : SB21017913
  • Updated Date : 01/29/2021 at 16:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,660 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams South Bay

Listing Agent's Description

Incredible home in a quiet location in Lower Hollywood Riviera. Lush backyard oasis with mature plants and privacy for outdoor dining, entertaining or a peaceful book. Retaining wall and flower beds are filled with exotic plants including Staghorns, Bromeliads, Orchids, Tillandsias and much more. This 2 story home has 3 bedrooms, 2.5 baths. A beautiful Master suite and master bathroom including double sinks, soaking tub, large shower and walk-in closet. Incredible Great room with beautiful vaulted light ceilings, large enough to showcase a baby-grand piano with plenty of room to spare! A separate dining room, living room and a third additional adjoining living space that is currently being used for a recreation/pool-table room. Both levels have extra spaces that can be used for home office, gym or game area, in addition to the 3 bedrooms. All bedrooms have walk in closets. The kitchen is an absolute dream....filled with an abundance of counter space, cabinets and a stunning butcher-block island. The kitchen is light and bright and situated to look over the beautiful back-yard oasis. Garage is oversized with a storage loft! Extra large lot of 7,611 sq ft (per assessor) with space for a vegetable garden, play sets or hot tubs! Within walking distance to highly rated Torrance schools and fantastic parks.

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: Riviera

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300k1400k1500kPrice in $199k1579k

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

Neighborhood: Riviera

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400360038004000420044004600Rent in $17844692

* 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
Riviera Elementary School Primary Regular 645 24 8
Edward J. Richardson Middle School Middle Regular 691 25 9
South High School High Regular 2,132 88 10

Riviera Elementary School

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 24
8
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
 

$1,079,100$1,318,900$1,199,000

PURCHASE PRICE

$3,753$4,587$4,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,170
EXPENSES Loan Payment -$4,165
Property Tax -$1,162
Property Insurance -$91
Property Management Fees -$204
CASH FLOW
-$1,452

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.

$1,199,000

PROJECTED PRICE

$4,170

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 6.2%
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$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

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$323,485

INVESTMENT

$323,485

Down Payment
$299,750
Rehab Estimate
$5,750
Closing Costs
$17,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,165

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $299,750
Loan Amount $899,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$2,255

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,170

    LIST RENT
  • $1.57

    LIST RENT PER SQFT
  • $3,990

    COMP ESTIMATED VALUE
  • $1.5

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,7003$3,8004$4,1705$4,200
$4,200
RENT COMPS ANALYSIS
  • 3772 Newton Street Torrance, CA 4
    • 3 beds 3 baths ∙ 2,660 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,660 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $4,170
    • $1.57
    •  
  • 2421 256th Street Lomita, CA 1
    • 4 beds 1 baths ∙ 2,391 Sqft ∙ Built 1978 4 beds 1 baths ∙ 2,391 Sqft ∙ Built 1978
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.51
    •  
  • 25605 Amber Leaf Road Torrance, CA 2
    • 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 1976
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.54
    •  
  • 25445 Kelley Avenue Lomita, CA 3
    • 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 1982
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.45
    •  
  • 4121 Mesa Street Torrance, CA 5
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 1972
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.50
    •  
PROPERTY LISTING DETAILS
Kimiah Wyer
Keller Williams South Bay
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB21017913
Last Updated: 01/29/2021
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