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 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Elite Representation Real Estate | CA DRE# 01498928 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 11/22/2024

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