Seller's Agent in 2024
Woody Stahl
Lyon Stahl Investment Real Est
(310) 710-3829
11 in this area
143 Total Sales
1620 E Maple Ave El Segundo, CA 90245
6
Beds
5
Baths
13,608
Sq Ft
0.64
Acres
Highlights
- Private Pool
- 0.64 Acre Lot
- Laundry Room
- Center Street Elementary Rated A+
- Park
- 2-minute walk to Washington Park
About This Home
As of November 20241620 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.
Last Listed By
Lyon Stahl Investment Real Est Brokerage Email: woody@lyonstahl.com License #01399621 Listed on: 08/14/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 0.64 Acre Lot
- Two or More Common Walls
- Density is 21-25 Units/Acre
Home Design
- Property Attached
Interior Spaces
- 13,608 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Parking
- 12 Parking Spaces
- 12 Carport Spaces
Additional Features
- Private Pool
- Central Heating
Listing and Financial Details
- Legal Lot and Block 8 / 112
- Tax Tract Number 620
- Assessor Parcel Number 4139018010
- $2,687 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 23 Units
Amenities
- Laundry Facilities
Recreation
- Park
- Bike Trail
Building Details
- 23 Separate Electric Meters
- 23 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $18,970
- Maintenance Expense $24,608
- Other Expense $33,051
- Professional Management Expense $36,563
- New Taxes Expense $82,204
- Operating Expense $196,596
- Gross Income $524,000
- Net Operating Income $311,684
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/18/2024 11/18/24 | Sold | $6,900,000 | -4.5% | $507 / Sq Ft |
| 08/29/2024 08/29/24 | Pending | -- | -- | -- |
| 08/14/2024 08/14/24 | For Sale | $7,225,000 | -- | $531 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Woody Stahl
-
Brett Lyon
Seller Co-Listing Agent in 2024
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
10 in this area
130 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24168324
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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
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