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Sold for $2,748,900 on 02/01/24
  • Listing Provided by: 

    Christopher Van Vuuren DRE #02060007 714-655-0098,

    Lyon Stahl Investment Real Estate, Inc.,

    Brett Lyon DRE #01717818 310-706-4066,

    Lyon Stahl Investment Real Estate, Inc.

    Bought with: NONMEMBER MRML
    $2,748,900

    945 Main St, El Segundo, CA 90245

    9beds
    7baths
    5,012sqft
    Multi Family
    Built in 1977
    -- sqft lot
    $-- Zestimate®
    $548/sqft
    $5,855 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $5,855/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: February 02, 2024 at 10:35am

    Listing Provided by:

    Christopher Van Vuuren DRE #02060007 714-655-0098,

    Lyon Stahl Investment Real Estate, Inc.,

    Brett Lyon DRE #01717818 310-706-4066,

    Lyon Stahl Investment Real Estate, Inc.

    Bought with:

    General NONMEMBER, DRE #00672435

    NONMEMBER MRML

    Source: CRMLS,MLS#: SB23206907MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 7
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 5,012
    • Total interior livable area: 5,012 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Carport
    • Carport spaces: 6
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Ground
    • Pool features: None
    Lot
    • Size: 6,702 sqft
    • Features: Rectangular Lot
    Details
    • Parcel number: 4132018003
    • Zoning: ESR3YY
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1977

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Sidewalks
    Location
    • Region: El Segundo

    HOA & financial

    Other financial information
    • Total actual rent: 13905

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional

    Price history

    DateEventPrice
    2/1/2024Sold$2,748,900-1.8%$548/sqft
    Source: CRMLS #SB23206907
    12/12/2023Pending sale$2,800,000$559/sqft
    Source: CRMLS #SB23206907
    11/7/2023Listed for sale$2,800,000+12%$559/sqft
    Source: CRMLS #SB23206907
    10/29/2021Sold$2,500,000-3.7%$499/sqft
    Source: CLAW #21755676
    8/24/2021Contingent$2,595,000$518/sqft
    Source: CLAW #21755676

    Public tax history

    YearProperty taxesTax assessment
    2025$32,149 +7.8%$2,803,980 +7.7%
    2024$29,810 +2.7%$2,602,500 +2%
    2023$29,030 -1.1%$2,551,500 +2%

    Find assessor info on the county website

    Neighborhood: 90245

    Nearby schools

    GreatSchools rating