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3805 W 180th Place Torrance, CA 90504

4 Beds 3 Baths 2,520 sqft Built 1954

$1,100,000

List Price

$3,800

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $436.51
  • 3 Days on Market
  • MLS # : SB21046371
  • Updated Date : 03/06/2021 at 20:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,520 sqft
  • Baths : 3 full
Listing Agent

Beach City Brokers

Listing Agent's Description

Be ready to be swept off your feet! This home will provide you with a lifetime of comfort, love & laughter. This multi-functional recently remodeled custom-built home will fulfill your family’s every need. Completely remodeled & turn key. The main level has a modern open floor plan. Gorgeous kitchen with a center island, custom cabinetry, hardwood floors, vinyl windows, Plantation Shutters, granite counters & adjoining private patio. 2 Bedrooms (one oversized) & 1 full bathroom. Living room, Large family room with direct access to the rear yard & garage. Extremely large attached 2 car garage designed for an optional tall recreational vehicle with a washer & dryer hook-up. Private rear yard designed for entertaining. 2nd level is the stunning Master Bedroom featuring an elegant Master Bath with walk-in shower & Jacuzzi tub. 2 LARGE closets with one walk-in. But it GETS BETTER!! There’s an additional room off the master bedroom that is currently being used as the largest walk-in closet anyone could ever dream of! Last, but not least, fourth bedroom overlooks the front yard capturing luminous sunlight & its own gorgeous full bathroom. Nestled in a quiet & friendly community on a corner lot. This home is known as the most charming home in the neighborhood. Only minutes from our famous South Bay beaches & walking distance to the local elementary, junior high, high school, & community park. THIS IS A ONE OF A KIND HOME, JUST WAITING TO MAKE ANOTHER FAMILY’S DREAMS COME TRUE!

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

PRICE & RENT TRENDS

Neighborhood: Northwest Torrance

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750kPrice in $187k779k

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

Neighborhood: Northwest Torrance

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $16333321

* 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
Edison Elementary School Primary Regular 528 20 8
Philip Magruder Middle School Middle Regular 588 21 8
North High School High Regular 1,956 75 9

Edison Elementary School

  • Education Level: Primary
  • # of students: 528
  • # of teachers: 20
8
GreatSchools Rating

Philip Magruder Middle School

  • Education Level: Middle
  • # of students: 588
  • # of teachers: 21
8
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 1,956
  • # of teachers: 75
9
GreatSchools Rating
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,420$4,180$3,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,800
EXPENSES Loan Payment -$3,821
Property Tax -$1,066
Property Insurance -$88
Property Management Fees -$186
CASH FLOW
-$1,361

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.

$1,100,000

PROJECTED PRICE

$3,800

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
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-$25k-$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$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,821

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,639

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,800

    LIST RENT
  • $1.51

    LIST RENT PER SQFT
  • $3,982

    COMP ESTIMATED VALUE
  • $1.58

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,8003$3,800
$3,800
RENT COMPS ANALYSIS
  • 3805 W 180th Place Torrance, CA 3
    • 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 1954 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 1954
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.51
    •  
  • 3937 Emerald Street Torrance, CA 1
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1974
    property image
    LEASED 03/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.46
    •  
  • 20425 Madison Street Torrance, CA 2
    • 5 beds 3 baths ∙ 2,232 Sqft ∙ Built 1964 5 beds 3 baths ∙ 2,232 Sqft ∙ Built 1964
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.70
    •  
PROPERTY LISTING DETAILS
Lisa Moule
Beach City Brokers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB21046371
Last Updated: 03/06/2021
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