Sold
1620 E Maple AVE
EL SEGUNDO CA, 90245
$6,900,000
$507.05 per sqft
Sold
6 Beds
5 Baths
13,608 sqft
Multi-family
Built in 1960
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.
PW24168324MR
MLSⓇ ID
August 14, 2024
Listed
November 22, 2024
Updated
Map
1620 E Maple AVE
EL SEGUNDO CA, 90245
Interior Features
Total Stories
2
Bedrooms
6
Total Bathrooms
5
Laundry Description
Laundry Area
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.64 Acres
Sewer
Public Sewer
Other Property Details
Area Name
El Segundo
Days on Market
15
Garage
No
Parking Total
12
View
No
County
Los Angeles
Water Source
Public
Pool
Yes
Pool Features
Private
Zoning
ESR3YY
Listing History
Date | Event | Price |
---|---|---|
11/18/2024 | Sold | $6,900,000 |
8/29/2024 | Pending | — |
Listed by Woody Stahl with Lyon Stahl Investment Real Est
Listing Contact: 310-425-9838
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©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/22/2024