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$2,375,000
Est. payment /mo
6,808 Sqft Lot
UPDATED:
12/05/2024 01:56 AM
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID PW24168369
HOA Y/N No
Year Built 1953
Lot Size 6,808 Sqft
Property Description
1629 Maple Ave is a well-maintained 6-unit apartment building located adjacent to Constitution Park in the desirable submarket of El Segundo. This two-story building features a desirable unit mix of six 2-bed/1-bath apartments. Spanning 4,032 square feet on a 6,807 square foot lot, it offers a solid investment opportunity with a 4.12% CAP rate & 40% rental upside, at an attractive price of $395,833 per unit.
The property includes car ports for six vehicles and a shared laundry area for tenant convenience. Its prime location places it within walking distance to downtown El Segundo, providing easy access to a variety of restaurants, shops, and entertainment options. Additionally, it's less than a 10-minute drive from the beach, making it a highly desirable area for residents. Whether you’re seeking a steady income or looking to benefit from El Segundo's growth, 1629 Maple Ave presents an opportunity an appreciating asset in a sought-after neighborhood.
The property includes car ports for six vehicles and a shared laundry area for tenant convenience. Its prime location places it within walking distance to downtown El Segundo, providing easy access to a variety of restaurants, shops, and entertainment options. Additionally, it's less than a 10-minute drive from the beach, making it a highly desirable area for residents. Whether you’re seeking a steady income or looking to benefit from El Segundo's growth, 1629 Maple Ave presents an opportunity an appreciating asset in a sought-after neighborhood.
Location
State CA
County Los Angeles
Area 141 - El Segundo
Zoning ESR3*
Interior
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 6
Pool None
Community Features Biking
Total Parking Spaces 6
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4139017013
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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Listed by Woody Stahl • Lyon Stahl Investment Real Est • broker@lyonstahl.com