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4913 Vanderhill Road Torrance, CA 90505

4 Beds 3 Baths 1,842 sqft Built 1957

$1,250,000

List Price

$4,300

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $678.61
  • 3 Days on Market
  • MLS # : SB21024018
  • Updated Date : 02/06/2021 at 16:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,842 sqft
  • Baths : 3 full
Listing Agent

Beach City Brokers

Listing Agent's Description

NEW LISTING, JUST 1 MILE FROM THE BEACH, LOCATED IN SEASIDE. Completely remodeled in 2008. New plumbing, appliances, roof, millwork, flors and more. From its new quartzite ledgerstoned exterior to the well-landscaped backyard, every inch of this 1,840 sq ft, 4 bed, 2.5 bath home has been carefully updated, including the newly refinished driveway with new lighting on a timer. This home is located close to all the best of the classic, California beach life was built on— the sand, the surf, and locally-owned dining and shopping options—plus, it is within the boundaries of top-rated public schools. Imagine life surrounded by friendly neighbors on a tree-lined street. Once inside, you’ll notice, stone details throughout, an abundance of windows and storage, and two sets of sliding glass doors that each lead to the entertainment friendly, private backyard. The eat-in, indoor kitchen offers a custom wrap-around counter and stainless-steel appliances. The outdoor kitchen features a built-in BBQ in a custom wrap-around stone counter near the pitched metal 15' awning and raised garden beds. Enjoy relaxing or playing in the living room in front of the fireplace that offers a perfect spot for mounting your flat screen TV. The main bedroom is an en-suite with a separate tub and shower and dual sinks. With a constant gentle sea breeze and tons of curb appeal, this home will not last long.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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: Seaside

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $199k1002k

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

Neighborhood: Seaside

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800Rent in $17843826

* 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
Seaside Elementary School Primary Regular 603 23 10
Calle Mayor Middle School Middle Regular 770 29 8
South High School High Regular 2,132 88 10

Seaside Elementary School

  • Education Level: Primary
  • # of students: 603
  • # of teachers: 23
10
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
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,870$4,730$4,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,300
EXPENSES Loan Payment -$4,342
Property Tax -$1,212
Property Insurance -$72
Property Management Fees -$211
CASH FLOW
-$1,535

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.

$1,250,000

PROJECTED PRICE

$4,300

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 6.6%
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$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,342

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$2,028

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,300

    LIST RENT
  • $2.33

    LIST RENT PER SQFT
  • $4,283

    COMP ESTIMATED VALUE
  • $2.32

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$4,2503$4,3004$4,5005$4,500
$4,500
RENT COMPS ANALYSIS
  • 4913 Vanderhill Road Torrance, CA 3
    • 4 beds 3 baths ∙ 1,842 Sqft ∙ Built 1957 4 beds 3 baths ∙ 1,842 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $2.33
    •  
  • 22330 Marjorie Avenue Torrance, CA 1
    • 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1953
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.19
    •  
  • 301 Paseo De Gracia Redondo Beach, CA 2
    • 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1948
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.41
    •  
  • 23235 Ladeene Avenue Torrance, CA 4
    • 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 1961
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.32
    •  
  • 4911 Marion Avenue Torrance, CA 5
    • 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 1953
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.38
    •  
PROPERTY LISTING DETAILS
Rami Elminoufi
Beach City Brokers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB21024018
Last Updated: 02/06/2021
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