El Segundo, CA 90245,1620 E Maple AVE
El Segundo, CA 90245,1620 E Maple AVE
El Segundo, CA 90245,1620 E Maple AVE
El Segundo, CA 90245,1620 E Maple AVE
El Segundo, CA 90245,1620 E Maple AVE
El Segundo, CA 90245,1620 E Maple AVE
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Listed by Woody Stahl • Lyon Stahl Investment Real Est
Bought with Brett Lyon

$6,900,000

Est.Price: ?

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Est. payment /mo

0.64 Acres Lot


SOLD DATE : 11/18/2024

Key Details

Sold Price $6,900,000

Property Type Commercial Multi-Residential (5 units)

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRPW24168324

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

Special Listing Condition Not Applicable

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Eric Boyenga

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

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