$5,450,000
SOLD DEC 13, 2024

1625 E Maple Ave El Segundo, CA 90245

2 Beds
2 Baths
13,458 Sq Ft
0.26 Acres

Recently Sold

$405 Per Sq Ft

2% Below List Price

15 Days on Market

Highlights

  • Park
  • Laundry Room
  • 1-minute walk to Washington Park
  • Center Street Elementary Rated A+

About This Home

As of December 2024

1625 Maple Ave is a well-maintained 12-unit apartment building located in the desirable El Segundo submarket. This property offers an excellent unit mix of (12) 2-bed/2-bath units, several of which have been remodeled over the years to maintain modern standards. The two-story building spans 13,458 square feet on an 11,427 square foot lot, providing ample living space and essential amenities.
With a CAP Rate of 4.23%, an attractive price per square foot of $412, and a price per unit of $462,500, this property represents a compelling financial investment opportunity. The building includes a parking garage with space for 24 cars and a shared laundry room for tenant convenience.
Situated in the highly-regarded El Segundo Unified School District, 1625 Maple Ave holds appeal for families and professionals alike. Its prime location offers easy access to vibrant downtown El Segundo, with a variety of restaurants, shops, and entertainment options nearby. Additionally, the property is less than a 10-minute drive from the beach and LAX, offering residents excellent accessibility to major attractions and transportation hubs.

Last Agent to Sell the Property

Woody Stahl

Lyon Stahl Investment Real Est Brokerage Email: broker@lyonstahl.com License #01399621 Listed on: 08/14/2024

Lyon Stahl Investment Real Est

Co-Listed By

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. Brokerage Email: broker@lyonstahl.com License #01717818

Last Buyer's Agent

Jonathan Weir

Marcus & Millichap License #02038545

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 24 Car Garage

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 13,458 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 9 / 107
  • Tax Tract Number 620
  • Assessor Parcel Number 4139017011
  • $1,724 per year additional tax assessments

Community Details

Recreation

  • Park

Building Details

  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $16,823
  • Maintenance Expense $18,475
  • Other Expense $22,177
  • Professional Management Expense $25,056
  • New Taxes Expense $62,608
  • Operating Expense $146,538
  • Gross Income $393,217
  • Net Operating Income $234,882

Additional Features

  • 12 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Parking

24

Listing Details

  • CapRate: 4.23
  • Professional Management Expense: 25056.00
  • Property Attached: Yes
  • Zoning: ESR3*
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 4139017011
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 404.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 24.00
  • Total Parking Spaces: 24.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 11427.00
  • Lot Size Acres: 0.2623

Multi Family

  • Gross Income: 393217.00
  • Gross Multiplier: 14.11
  • Gross Operating Income: 381420.00
  • Gross Scheduled Income: 393217.00
  • Insurance Expense: 16823.00
  • Lot Size Area: 11427.0000 Square Feet
  • Maintenance Expense: 18475.00
  • Net Operating Income: 234882.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 146538.00
  • Other Expense: 22177.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 146538.00

Tax Info

  • New Taxes Expense: 62608.00
  • Tax Block: 107
  • Tax Census Tract: 6200.01
  • Tax Lot: 9
  • Tax Tract Number: 620...
  • TaxOtherAnnualAssessmentAmount: 1724.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2024 12/13/24 Sold $5,450,000 -1.8% $405 / Sq Ft
08/29/2024 08/29/24 Pending -- -- --
08/14/2024 08/14/24 For Sale $5,550,000 -- $412 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24168346

California Regional Multiple Listing Service (CRMLS)