$ 2,375,000
1629 E Maple Avenue El Segundo, CA 90245
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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Listed by Woody Stahl • Lyon Stahl Investment Real Est
$ 2,375,000
Est. payment /mo
Pending
1629 E Maple Avenue El Segundo, CA 90245
4,032 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 4,032 sqft
Price per Sqft $589
MLS Listing ID CRPW24168369
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1953
Lot Size 6,807 Sqft
Property Description
1629 Maple Ave is a well-maintained 6-unit apartment building located adjacent to Constitution Park in the desirable submarket of El Segundo. This two-story building features a desirable unit mix of six 2-bed/1-bath apartments. Spanning 4,032 square feet on a 6,807 square foot lot, it offers a solid investment opportunity with a 4.12% CAP rate & 40% rental upside, at an attractive price of $395,833 per unit. The property includes car ports for six vehicles and a shared laundry area for tenant convenience. Its prime location places it within walking distance to downtown El Segundo, providing easy access to a variety of restaurants, shops, and entertainment options. Additionally, it's less than a 10-minute drive from the beach, making it a highly desirable area for residents. Whether you’re seeking a steady income or looking to benefit from El Segundo's growth, 1629 Maple Ave presents an opportunity an appreciating asset in a sought-after neighborhood.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Building
Water Public
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