$1,585,000
SOLD SEP 29, 2016

1625 E Palm Ave El Segundo, CA 90245

9 Beds
5 Baths
3,399 Sq Ft
8,257 Sq Ft Lot

Recently Sold

$466 Per Sq Ft

6% Below List Price

26 Days on Market

Highlights

  • 8 Car Garage
  • Center Street Elementary Rated A+
  • 1-minute walk to Washington Park

About This Home

As of December 2018

Also Available - 1627 E Palm (fully occupied adjacent fourplex), sold together or separately. 1625 East Palm Ave is a 3,399 square foot, 4-unit apartment building located in the desirable El Segundo rental market. The asset was built in 1955 and sits on a 8,256 square foot lot. The unit mix consists of three units that are two-bed with one-bath and one unit that is a three-bed with two baths. The property contains a garage that can accommodate four vehicles plus parking in front of the garage for an additional four vehicles. All units are separately metered for gas and electricity. Units all contain private back or side yards with the exception of the upstairs unit that has a private rooftop deck. 1625 East Palm a prime candidate for renovations.

Last Agent to Sell the Property

Steffan Braunlich

Berkadia License #01859098 Listed on: 07/11/2016

Last Buyer's Agent

Steffan Braunlich

Berkadia License #01859098 Listed on: 07/11/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,231

Year Built

  • Built in 1955

Lot Details

  • 8,257 Sq Ft Lot

Parking

  • 8 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 3,399 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4139-018-027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,231

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3399
  • Stories: 2
  • Year Built: 1955
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 5.00
  • Den: 0
  • Price Per S Q F T: 496.62

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 8

Lot Info

  • Assessed Improvement Value: 177513
  • Assessed Land Value: 362923
  • Assessor Parcel Number: 4139-018-027
  • Geocode Override: No
  • Lot Size Area: 8257

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 4
  • Rent Control: 0
  • Total Annual Expense: 0
  • Type Of Units: Fourplex
  • Vacancy Rate: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2018
Closed on
Dec 4, 2018
Sold by
Palm Es Llc
Bought by
1625 E Palm Ave Llc
Seller's Agent
Bryan Bohlinger
Bohlinger Properties, Inc.
Buyer's Agent
GAYNELL WIGINGTON
Elite Class Realty
List Price
$5,200,000
Sold Price
$4,900,000
Premium/Discount to List
-$300,000
-5.77%
Current Estimated Value
$2,170,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,729,333
Avg. Annual Appreciation
-11.66%

Purchase Details

Listed on
Jul 11, 2016
Closed on
Sep 22, 2016
Sold by
Shire Lucretia
Bought by
Palm Es Llc
Seller's Agent
Steffan Braunlich
Berkadia
Buyer's Agent
Steffan Braunlich
Berkadia
List Price
$1,688,000
Sold Price
$1,585,000
Premium/Discount to List
-$103,000
-6.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
65.14%
Original Mortgage
$1,400,000
Interest Rate
3.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 12, 2010
Sold by
Shire Lucretia Leigh and Lucretia Leigh Shire Trust
Bought by
Witherington Walter W and Walter Whitfield Witherington Jr Trust

Purchase Details

Closed on
Oct 23, 1996
Sold by
Shire Lucretia Leigh
Bought by
Shire Lucretia Leigh and Lucretia Leigh Shire Trust

Purchase Details

Closed on
May 15, 1996
Sold by
Witherington Walter W
Bought by
Witherington Walter Whitfield and Walter Whitfield Witherington Jr Trust

Purchase Details

Closed on
Mar 13, 1996
Sold by
Witherington Walter W
Bought by
Witherington Walter W and Shire Lucretia Leigh
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $4,900,000 First American Title Company
Grant Deed $1,585,000 First American Title Company
Grant Deed $510,000 Provident Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,225,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $2,925,000 Commercial
Previous Owner $1,400,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2018 12/31/18 Sold $4,900,000 -1.5% $721 / Sq Ft
11/09/2018 11/09/18 Pending -- -- --
10/24/2018 10/24/18 Price Changed $4,975,000 -3.4% $732 / Sq Ft
09/13/2018 09/13/18 Price Changed $5,150,000 -1.0% $758 / Sq Ft
08/24/2018 08/24/18 For Sale $5,200,000 +228.1% $765 / Sq Ft
09/29/2016 09/29/16 Sold $1,585,000 -6.1% $466 / Sq Ft
07/11/2016 07/11/16 For Sale $1,688,000 -- $497 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $30,231 $2,733,018 $1,338,620 $1,394,398
2024 $30,231 $2,679,430 $1,312,373 $1,367,057
2023 $29,428 $2,626,893 $1,286,641 $1,340,252
2022 $29,754 $2,575,386 $1,261,413 $1,313,973
2021 $29,347 $2,524,889 $1,236,680 $1,288,209
2019 $28,345 $2,450,000 $1,200,000 $1,250,000
2018 $18,001 $1,616,700 $1,065,900 $550,800
2016 $6,371 $548,677 $368,457 $180,220
2015 $6,294 $540,436 $362,923 $177,513
2014 $6,188 $529,850 $355,814 $174,036
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Bryan Bohlinger

    Bohlinger Properties, Inc.

    (310) 505-6815

    Section Image

  • B

    Seller Co-Listing Agent in 2018

    Brady Bohlinger

    Bohlinger Properties, Inc.

    (310) 505-5374

    1 Total Sale

    Section Image

  • G

    Buyer's Agent in 2018

    GAYNELL WIGINGTON

    Elite Class Realty

    Section Image

  • M

    Buyer Co-Listing Agent in 2018

    MARIA TERESA ISAZA

    Elite Class Realty

  • Steffan Braunlich

    Seller's Agent in 2016

    Steffan Braunlich

    Berkadia

    (310) 209-3209

    21 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 16-142986

The MLS

APN: 4139-018-027

California Los Angeles County El Segundo 90245

1625 E Palm Ave, El Segundo, CA

This home is located at 1625 E Palm Ave, El Segundo, CA 90245 and is currently priced at $1,585,000, approximately $466 per square foot. This property was built in 1955. 1625 E Palm 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.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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