El Segundo, CA 90245,1620 E Maple AVE
El Segundo, CA 90245,1620 E Maple AVE
El Segundo, CA 90245,1620 E Maple AVE
18
$6,900,000
$7,225,000
4.5%
Est.Price: ?

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0.64 Acres Lot

1620 E Maple AVE El Segundo, CA 90245

Est. payment /mo
SOLD DATE : 11/18/2024

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Key Details

Sold Price $6,900,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRPW24168324

Sold Date 11/18/24

Originating Board California Regional MLS

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

Area 141 - El Segundo

Interior

Heating Central Forced Air

Laundry Laundry Area

Exterior

Garage Spaces 12.0

Pool Pool - Yes

Building

Water District - Public

Others

Tax ID 4139018010

Special Listing Condition Not Applicable

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MLS Listing IDX PLUS
Listed by Woody Stahl • Lyon Stahl Investment Real Est
Bought with Brett Lyon

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Paul Locatelli

Broker Associate | License ID: 1348436

+1(831) 750-9795

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