$ 7,225,000
1620 E Maple Avenue El Segundo, CA 90245
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Listed by Woody Stahl • Lyon Stahl Investment Real Est
$ 7,225,000
Est. payment /mo
Pending
1620 E Maple Avenue El Segundo, CA 90245
13,608 SqFt
UPDATED:
08/30/2024 06:29 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 13,608 sqft
Price per Sqft $530
MLS Listing ID CRPW24168324
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1960
Lot Size 0.641 Acres
Property Description
1620 Maple Ave is a remarkable 23-unit apartment building located in the desirable El Segundo submarket. This property features a diverse unit mix, including (1) 3-bed/2-bath house, (16) 1-bed/1-bath units, (2) 2-bed/1-bath units, and (4) studio units. Spanning 13,608 square feet on a generous 27,924 square foot lot, the building offers ample amenities, including a private swimming pool and a well-maintained shared outdoor patio complete with a BBQ and fire pit area. Sitting at a 4.31% CAP Rate and a Gross Rent Multiplier of 13.79, this property offers a strong financial investment opportunity. It is also part of the highly-regarded El Segundo Unified School District, adding additional appeal for families. Residents benefit from a dedicated parking lot with space for 23 cars, including 9 carports, and additional overflow parking is available for guests. Conveniently situated within walking distance to vibrant downtown El Segundo, tenants enjoy easy access to a variety of restaurants, shops, and more. With the beach and LAX just a short 10-minute drive away, 1620 Maple Ave combines a prime location with desirable amenities in one of the most desirable submarkets of the South Bay.
Location
State CA
County Los Angeles
Interior
Heating Other
Fireplace No
Laundry Other
Building
Water Public
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