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1620 E Maple AVE El Segundo, CA 90245
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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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Bought with Brett Lyon