El Segundo, CA 90245,945 Main ST
El Segundo, CA 90245,945 Main ST
El Segundo, CA 90245,945 Main ST
El Segundo, CA 90245,945 Main ST
El Segundo, CA 90245,945 Main ST
El Segundo, CA 90245,945 Main ST
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$2,748,900

$2,800,000

1.8%
Est.Price: ?

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Est. payment /mo

6,703 Sqft Lot


SOLD DATE : 02/01/2024

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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California Regional MLS (CRMLS)
Listed by Christopher Van Vuuren • Lyon Stahl Investment Real Estate, Inc. • 714-655-0098
Bought with General NONMEMBER • NONMEMBER MRML
advisor-avatar

michelle@michellehomesellingteam.com

515 S Myrtle Ave, Monrovia, CA, 91016, USA

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