NOT LISTED FOR SALE

1116 E Imperial Ave El Segundo, CA 90245

8 Beds
6 Baths
4,459 Sq Ft
8,009 Sq Ft Lot

Last Sold December 23, 2020

Last sale price $2,100,000 $471 Per Sq Ft

94 Days on Market

Highlights

  • Laundry Room
  • Center Street Elementary Rated A+
  • Detached Carport Space

About This Home

As of December 2020

A rare opportunity to purchase a Portfolio of multifamily Investment Properties. Two adjacent six-unit buildings (Each Sold Separately 1112 E. Imperial Ave. MLS# SB 20195398) consist of Two-2 bedrooms and Four-1 bedrooms, each with off-street parking, and utilities are separately metered for gas and electric and water/sewer is master metered. The property has been under long-term ownership and rents are under market. This value-add offers an unparalleled location within the city with restaurants, trendy taverns and boutiques, or take a short drive over to The Point on Pacific Coast Highway to enjoy an array of vibrant shopping and dining options. Call for more details.

Last Agent to Sell the Property

Gary Richardson

Strand Hill Properties License #00466560 Listed on: 09/18/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 8,009 Sq Ft Lot
  • Lot Dimensions are 50 x 161
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage
  • Detached Carport Space
  • Parking Available

Home Design

  • 4,459 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Additional Features

  • Laundry Room
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 16
  • Tax Tract Number 1
  • Assessor Parcel Number 4139011025

Community Details

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $246
  • Insurance Expense $2,324
  • Professional Management Expense $1,800
  • Trash Expense $1,020
  • Water Sewer Expense $3,100
  • New Taxes Expense $25,620
  • Operating Expense $44,160
  • Gross Income $107,080
  • Net Operating Income $66,240

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • CapRate: 3.20
  • Price Per Unit: 350
  • Professional Management Expense: 1800.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3100.00
  • Zoning: ESR3YY
  • Property Type: Residential Income
  • Parcel Number: 4139011025
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 470.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Detached Carport
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Unknown
  • Trash Expense: 1020.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 50 X 161
  • Lot Size Sq Ft: 8009.00
  • Lot Size Acres: 0.1839

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 615 Square Feet
  • Average2 Bed Area: 805 Square Feet
  • Electric Expense: 246.00
  • Gross Operating Income: 107080.00
  • Gross Scheduled Income: 110400.00
  • Insurance Expense: 2324.00
  • Lot Size Area: 8009.0000 Square Feet
  • Net Operating Income: 66240.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 44160.00
  • Operating Expense Percent: 40.00
  • Rent Control: Yes
  • Total Actual Rent: 9200.00
  • Total Expenses: 44160.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 25620.00
  • Tax Area: 3710
  • Tax Census Tract: 6200.01
  • Tax Lot: 16
  • Tax Tract Number: 1

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2020 12/23/20 Sold $2,100,000 0.0% $471 / Sq Ft
12/21/2020 12/21/20 Pending -- -- --
09/18/2020 09/18/20 For Sale $2,100,000 -- $471 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Gary Richardson

    Seller's Agent in 2020

    Gary Richardson

    Strand Hill Properties

    (310) 480-7694

    2 in this area

    35 Total Sales

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20195950

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County El Segundo 90245

1116 E Imperial Ave, El Segundo, CA

This home is located at 1116 E Imperial Ave, El Segundo, CA 90245 since 18 September 2020. This property was built in 1955. 1116 E Imperial Ave is a home located in Los Angeles County with nearby schools including Center Street Elementary, El Segundo Middle School, and El Segundo High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes