El Segundo, CA 90245,526 Illinois ST
El Segundo, CA 90245,526 Illinois ST
El Segundo, CA 90245,526 Illinois ST
$3,950,000
Est. payment /mo
Est.Price: ?

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6,960 Sqft Lot
SOLD DATE : 04/26/2022

Key Details

Sold Price $3,950,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 21108341

Year Built 1988

Lot Size 6,960 Sqft

Property Description

REDUCED PRICE: $3,995,000 (motivated seller). Matthews is pleased to present 526 Illinois Street, a 7,635 square foot, 6-unit apartment building located in El Segundo. Built-in 1988, this condo-quality asset sits on an R3-zoned, 6,962 square foot lot located just 1.5 miles from the Pacific Ocean. The building is comprised of two-story townhome units: (3)two-bed/two-bath, (2) three-bed/two-bath, and (1) oversized studio units (non-conforming). The property offers tenants a gated, subterranean parking garage with 11 spaces total, as well as a washer/dryer and individual waters heaters in each unit. All units have been fully upgraded and include a balcony, private patio, fireplace, and office. Additionally, the exterior has been fully remodeled, and the roof is only around 5 years old. With strong in-place rents, 526 Illinois offers investors cash-flowing trophy assets in a truly irreplaceable South Bay Los Angeles location. ***5 UNITS PLUS 1 NON-CONFORMING STUDIO UNIT

Location

State CA

County Los Angeles

Area 141 - El Segundo

Zoning ESR3YY

Interior

Heating None

Cooling None

Exterior

Parking Features Garage

Garage Spaces 11.0

Garage Description 11.0

Building

Story 2

New Construction No

Others

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Daniel Withers • Matthews Real Estate Investment Services
Bought with Daniel Withers • Matthews Real Estate Investment Services

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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