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5306 Paseo De Pablo Torrance, CA 90505

4 Beds 3 Baths 2,639 sqft Built 1956

$1,449,000

List Price

$5,050

$4.8K - $5.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $549.07
  • 6 Days on Market
  • MLS # : SB21060293
  • Updated Date : 03/25/2021 at 11:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,639 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Estate Properties

Listing Agent's Description

Well maintained - long term owners. Formal living room overlooking a private serene Zen-like backyard. Spacious eat-in kitchen with custom cabinets, built-in buffet and black appliances opening up to a nice size formal living room. Step down from the kitchen into a huge family room with wet bar and cozy brick fireplace. Generous upper level master suite with ocean views, vaulted ceilings and walk-in closet. Newer windows, heater and Air conditioning. Slate floors through out the kitchen, dining room and hallway. Great quiet street , walk to Riviera elementary and rocket ship park. Close to the beach and village. Great opportunity to customize and make this your dream home

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
 

$1,304,100$1,593,900$1,449,000

PURCHASE PRICE

$4,545$5,555$5,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,050
EXPENSES Loan Payment -$5,033
Property Tax -$1,404
Property Insurance -$91
Property Management Fees -$247
CASH FLOW
-$1,725

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.

$1,449,000

PROJECTED PRICE

$5,050

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$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$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$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$389,735

INVESTMENT

$389,735

Down Payment
$362,250
Rehab Estimate
$5,750
Closing Costs
$21,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,033

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $362,250
Loan Amount $1,086,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,266

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,050

    LIST RENT
  • $1.91

    LIST RENT PER SQFT
  • $4,387

    COMP ESTIMATED VALUE
  • $1.66

    COMP AVG. RENT PER SQFT
Comps Range
$3,650
1$3,6502$4,2003$4,2504$4,3505$5,050
$5,050
RENT COMPS ANALYSIS
  • 5306 Paseo De Pablo Torrance, CA 5
    • 4 beds 3 baths ∙ 2,639 Sqft ∙ Built 1956 4 beds 3 baths ∙ 2,639 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $5,050
    • $1.91
    •  
  • 23539 Ladeene Avenue Torrance, CA 1
    • 4 beds 1 baths ∙ 2,400 Sqft ∙ Built 1962 4 beds 1 baths ∙ 2,400 Sqft ∙ Built 1962
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.52
    •  
  • 4121 Mesa Street Torrance, CA 2
    • 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
    •  
  • 3915 W 231st Place Torrance, CA 3
    • 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 1964
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.82
    •  
  • 429 Avenue F Redondo Beach, CA 4
    • 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 1959 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 1959
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $1.81
    •  
PROPERTY LISTING DETAILS
Jo Ann Van Leuven
Re/max Estate Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB21060293
Last Updated: 03/25/2021
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