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3949 W 187th Street Torrance, CA 90504

5 Beds 2 Baths 1,791 sqft Built 1956

$799,000

List Price

$3,600

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $446.12
  • 5 Days on Market
  • MLS # : SB20249902
  • Updated Date : 12/05/2020 at 14:17
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,791 sqft
  • Baths : 2 full
Listing Agent

Keller Williams South Bay

Listing Agent's Description

Make this home your dream home... needs some work. So close to all schools from elementary to High School! 2 Story 5 bedrooms 2 baths... Make this house your own... needs some work however will go super fast. Great location and quiet neighborhood. According to sellers it appears that one of the bedrooms was opened into the living room.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$719,100$878,900$799,000

PURCHASE PRICE

$3,240$3,960$3,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,600
EXPENSES Loan Payment -$2,948
Property Tax -$774
Property Insurance -$70
Property Management Fees -$176
CASH FLOW
-$369

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.

$799,000

PROJECTED PRICE

$3,600

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$38,199

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,600

    LIST RENT
  • $2.01

    LIST RENT PER SQFT
  • $3,949

    COMP ESTIMATED VALUE
  • $2.21

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,6003$3,6004$3,7005$3,800
$3,800
RENT COMPS ANALYSIS
  • 3949 W 187th Street Torrance, CA 3
    • 5 beds 2 baths ∙ 1,791 Sqft ∙ Built 1956 5 beds 2 baths ∙ 1,791 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.01
    •  
  • 4247 W 181st Street Torrance, CA 1
    • 4 beds 2 baths ∙ 1,646 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,646 Sqft ∙ Built 1953
    LEASED 07/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.07
    •  
  • 5049 Deelane Street Torrance, CA 2
    • 4 beds 2 baths ∙ 1,629 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,629 Sqft ∙ Built 1955
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.21
    •  
  • 3834 W 181st Street Torrance, CA 4
    • 4 beds 2 baths ∙ 1,598 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,598 Sqft ∙ Built 1963
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.32
    •  
  • 19410 Beckworth Avenue Torrance, CA 5
    • 5 beds 3 baths ∙ 1,708 Sqft ∙ Built 1954 5 beds 3 baths ∙ 1,708 Sqft ∙ Built 1954
    LEASED 06/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.22
    •  
PROPERTY LISTING DETAILS
Champagne Mora
Keller Williams South Bay
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB20249902
Last Updated: 12/05/2020
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