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Key Details
Sold Price $2,748,900
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23206907
Sold Date 02/01/24
HOA Y/N No
Year Built 1977
Lot Size 6,703 Sqft
Property Description
We are pleased to present the opportunity to acquire 945 Main Street, a 5-unit apartment complex. The property is centrally located with proximity to major employment centers, transportation hubs, and recreational amenities. This prime asset offers a compelling blend of stability and growth potential. Situated in the heart of El Segundo, 945 Main Street benefits from a strong rental market, historically low vacancy rates, and a well-maintained property.
The subject property is comprised of two buildings totaling 5,012sf and is situated on a 6,700sf lot with an attractive unit mix of (2)
one-bed/one-bath (1) 3-bed 2-bath (1)2-bed/1-bath and (1) 2-bed/1.5-bath townhouse style unit. Three (3) of the units will be
delivered rent ready providing the investors the opportunity to screen their tenants and immediately mark rents to market. There
are six (6) dedicated carports as well as an on-site laundry facility for the tenant's convenience. Both roofs were replaced less
than 5 years ago and much of the plumbing and the sewer has been replaced bolstering the property’s long-term durability.
945 Main Street is not just an investment; it's an opportunity to participate in a thriving community and capitalize on the live-
work-play environment that this location uniquely offers. With its strategic positioning, this property allows you to tap into the
steady demand for housing driven by nearby employment hubs while enjoying the coastal lifestyle that makes El Segundo a
sought-after destination. As an investor, you'll benefit from the property's consistent rental income, potential for value
appreciation, and the long-term stability provided by this dynamic and resilient market. Don't miss out on the chance to be part
of the success story that is El Segundo's real estate market and the countless advantages it can bring to your investment
portfolio.
Location
State CA
County Los Angeles
Area 141 - El Segundo
Zoning ESR3YY
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Carport
Carport Spaces 6
Pool None
Community Features Sidewalks
Total Parking Spaces 6
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4132018003
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with General NONMEMBER • NONMEMBER MRML