Sold
311 W Palm Avenue
El Segundo CA, 90245
$4,387,500
$598.40 per sqft
Sold
16 Beds
16 Baths
7,332 sqft
Residential
Built in 1970
Listed by Daniel Shieh with Lyon Stahl Investment Real Estate, Inc. 310-425-9838
311 West Palm Avenue in El Segundo is an 8-unit apartment building located in the heart of El Segundo.The 7,332 sq. ft. building situated on a 8,375 sq. ft. lot and boasts an attractive unit mix of one (1) 1 bed/1 bath and (7) 2 bed/1.5 bath units, all townhome style. There are 10 dedicated carports for the building on premises and a laundry facility onsite for the tenants' convenience. While the property is a turnkey asset with new slightly sloped roofs, sewer lines, and seven renovated units, there is still over 20% rent upside. El Segundo is a close knit, family oriented community and home to award winning public schools. While it is considered a beach community, it does not experience the influx of visitors that neighboring beach communities contend with. With the Silicon Beach spillover, the need for housing is at an all-time high, making multifamily assets in the area highly desirable. 311 W Palm Ave provides an investor the opportunity to own an investment property with strong income on a valuable piece of land in an "A" location.
23244784
MLSⓇ ID
February 23, 2023
Listed
March 23, 2024
Updated
Map
311 W Palm Avenue
El Segundo CA, 90245
Interior Features
Total Stories
2
Bedrooms
16 Beds
Bathrooms
16 Baths
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.19 Acres
Other Property Details
Area Name
141 - El Segundo
Days on Market
42
Garage
No
Parking
Carport
Parking Total
10
View
No
County
Los Angeles
Pool
No
Zoning
ESR3YY
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
|---|---|---|
5/31/2023 | Price Change | $4,387,500 -5% |
5/31/2023 | Sold | $4,387,500 |
Listing Contact: 310-425-9838
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:22 AM UTC