Rent report generated Dec 3, 2024
The Rent Potential of
320 California Terrece Ter Torrance, CA
is $5,000 – $6,975/mo.
Rent Advice
The property in Pasadena has a rent potential ranging from $5,000 to $6,975 monthly. With its 3 bedrooms and 2.5 baths, the estimated annual revenue could be between $60K and $83.7K. Given the competitive market conditions in Pasadena, a payback period could vary significantly depending on costs. The neighborhood trends are positive with high demand. The property's large lot and desirable location near Arroyo Seco enhance its appeal, though being a single-family home might limit multi-unit revenue potential.
To maximize rental income, consider modernizing the kitchen and bathrooms to attract higher-end tenants. Enhancing curb appeal with landscaping could also boost value. If considering selling, emphasizing proximity to shops and transportation, as well as the spacious lot, could attract potential buyers. Address any maintenance issues to ensure a smooth transaction.
What's Next?
Generate another report to compare more investment options.
Generate the Sell Potential of this home.
See what you could sell for based on similar properties.
Search for another property
Enter any address...
The accuracy of the Frontflip report and its applicability to your circumstances are not guaranteed. This calculator is offered for educational purposes only, and is not a substitute for professional advice. All figures provided by the Frontflip calculator are estimates only and are not reflective of what your actual results may be.