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Key Details
Sold Price $3,925,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB18247656
Year Built 1963
Lot Size 7,505 Sqft
Property Description
UPDSIDE IN RENT! ESTIMATED 4.10% CAP AND 16.56 GRM ON MARKET RENTS. 321 W El Segundo is a REMODELED six-unit apartment building that sits on the edge of the rapidly growing Smokey Hollow section of El Segundo. From this property tenants are able to walk to restaurants, coffee shops and breweries off Main Street or hop on a bike for a 5-minute ride to the beach.
The building contains five, 3 bed 2 baths units and one, 2 bed 2 bath unit. Each unit comes with a private patio. There is a total of eight garage parking spaces and four additional uncovered parking spaces. This building has a separate laundry room. As units have turned over they have received varying degrees of remodel work. Most received a stylish renovation with shaker white cabinets, quartz or granite counters tops, new laminate flooring, new stainless steel appliances, new shower and subway bath tile. The exterior is also updated with a smooth stucco finish in the front and reclaimed barnwood siding. New windows, railings and sliding doors were installed on every unit. There is also new copper piping throughout!
Location
State CA
County Los Angeles
Area 141 - El Segundo
Zoning ESP*
Interior
Laundry Laundry Room
Exterior
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Curbs
Building
Lot Description Sprinkler System
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash to New Loan, Conventional
Listing Terms Cash to New Loan, Conventional
Special Listing Condition Standard
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Bought with J.Woody Stahl • Lyon Stahl Investment Real Estate, Inc.
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Paul Ward
Broker Associate | License ID: 01354001
Broker Associate License ID: 01354001
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