Sold
Closed
1620 E Maple Avenue
El Segundo CA, 90245
$6,900,000
$507.05 per sqft
Sold
Closed
13,608 sqft
Multi-family
Built in 1960
Listed by Woody Stahl with Lyon Stahl Investment Real Est [email protected]
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.
PW24168324
MLSⓇ ID
August 14, 2024
Listed
December 5, 2024
Updated
Map
1620 E Maple Avenue
El Segundo CA, 90245
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.64 Acres
Lot Features
21-25 Units/Acre
Sewer
Public Sewer
Other Property Details
Area Name
141 - El Segundo
Days on Market
15
Garage
No
Parking Total
12
View
No
County
Los Angeles
Water Source
Public
Pool
Yes
Pool Features
Private
Zoning
ESR3YY
Listing History
Date | Event | Price |
|---|---|---|
11/18/2024 | Sold | $6,900,000 |
8/29/2024 | Pending | — |
Listing Contact: 310-425-9838
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Data last updated on 12/5/2024 at 5:01 AM UTC