Sold

945 Main Street

El Segundo CA, 90245

$2,800,000


$558.66 per sqft

Sold

5,012 sqft

Condo

Built in 1977

Listed by Christopher Van Vuuren with Lyon Stahl Investment Real Estate, Inc. 310-425-9838

We are pleased to present the opportunity to acquire 945 Main Street, a 5-unit apartment complex. The property is centrally located with proximity to major employment centers, transportation hubs, and recreational amenities. This prime asset offers a compelling blend of stability and growth potential. Situated in the heart of El Segundo, 945 Main Street benefits from a strong rental market, historically low vacancy rates, and a well-maintained property.
The subject property is comprised of two buildings totaling 5,012sf and is situated on a 6,700sf lot with an attractive unit mix of (2)
one-bed/one-bath (1) 3-bed 2-bath (1)2-bed/1-bath and (1) 2-bed/1.5-bath townhouse style unit. Three (3) of the units will be
delivered rent ready providing the investors the opportunity to screen their tenants and immediately mark rents to market. There
are six (6) dedicated carports as well as an on-site laundry facility for the tenant's convenience. Both roofs were replaced less
than 5 years ago and much of the plumbing and the sewer has been replaced bolstering the property's long-term durability.
945 Main Street is not just an investment; it's an opportunity to participate in a thriving community and capitalize on the live-
work-play environment that this location uniquely offers. With its strategic positioning, this property allows you to tap into the
steady demand for housing driven by nearby employment hubs while enjoying the coastal lifestyle that makes El Segundo a
sought-after destination. As an investor, you'll benefit from the property's consistent rental income, potential for value
appreciation, and the long-term stability provided by this dynamic and resilient market. Don't miss out on the chance to be part
of the success story that is El Segundo's real estate market and the countless advantages it can bring to your investment
portfolio.

SB23206907

MLS ID

November 7, 2023

Listed

February 16, 2024

Updated

Map

945 Main Street
El Segundo CA, 90245

Interior Features

Total Stories

2


Laundry Description

Common Area


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.15 Acres


Lot Features

Rectangular Lot


Sewer

Public Sewer

Other Property Details

Area Name

141 - El Segundo


Days on Market

35


Garage

No


Parking

Carport


Parking Total

6


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

ESR3YY


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

2/7/2024

Sold

2/2/2024

Price Change

$2,748,900

-2%

2/2/2024

Sold

12/12/2023

Pending

Listing Contact: 310-425-9838 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 4:22 AM UTC

 

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