NOT LISTED FOR SALE

1627 E Palm Ave Unit 3 El Segundo, CA 90245

Estimated Value: $2,113,000 - $2,708,000

9 Beds
5 Baths
3,399 Sq Ft
$702/Sq Ft Est. Value

Last Sold September 29, 2016

Last sale price $1,585,000 $466 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $15,175/month

26 Days on Market

Highlights

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

About This Home

As of September 2016

Also Available - 1625 E Palm (adjacent fourplex), sold together or separately. 1627 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 7,294 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. 1627 East Palm is fully occupied and in good cosmetic condition with recent upgrades and renovations to several of the apartments.

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

  • $30,219

Year Built

  • Built in 1955

Lot Details

  • 7,924 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 4139-018-028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,219

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: 526.04

Exterior Features

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

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 8

Lot Info

  • Assessed Improvement Value: 176498
  • Assessed Land Value: 360991
  • Assessor Parcel Number: 4139-018-028
  • Geocode Override: No
  • Lot Size Area: 7924

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 18.01
  • Number Of Units: 4
  • Total Annual Expense: 31485
  • Type Of Units: Fourplex
  • Vacancy Rate: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 4, 2018
Sold by
Palm Es Llc
Bought by
1625 E Palm Ave Llc
Current Estimated Value
$2,385,000

Purchase Details

Listed on
Jul 11, 2016
Closed on
Sep 21, 2016
Sold by
Shire Lucretia L
Bought by
Palm Es Llc
Seller's Agent
Steffan Braunlich
Berkadia
Buyer's Agent
Steffan Braunlich
Berkadia
List Price
$1,788,000
Sold Price
$1,585,000
Premium/Discount to List
-$203,000
-11.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.14%
Original Mortgage
$1,400,000
Interest Rate
3.43%
Mortgage Type
Construction

Purchase Details

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

Similar Home in El Segundo, CA

  • 725 Indiana Ct, El Segundo, CA 90245

    $2,300,000

    • 9 Beds
    • 5 Baths
    • 3,399 Sq Ft
    • 725 Indiana Ct
    • El Segundo, CA

    725 Indiana Court is a well-maintained 4-unit apartment building in El Segundo, built in 1955 and owned by the same family since 1959. This property, one of two twin buildings with a shared driveway and courtyard, features a 3-bed/2-bath unit and three 2-bed/1-bath units, one of which includes a den. All units feature individual water heaters, gas wall furnace heating and washer/dryer hookups.

    Steffan Braunlich Berkadia

    Section Image
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Range of Values:

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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 Buyer Sale Price Title Company
1625 E Palm Ave Llc $4,900,000 First American Title Company
Palm Es Llc $1,585,000 First American Title Company
Shire Lucretia L $510,000 Provident Title Company
Shire Lucretia Leigh -- --
Witherington Walter Whitfield -- --
Witherington Walter W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1625 E Palm Ave Llc $1,225,000
Previous Owner Palmes Llc $2,925,000
Previous Owner Palm Es Llc $1,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2016 09/29/16 Sold $1,585,000 -11.4% $466 / Sq Ft
07/11/2016 07/11/16 For Sale $1,788,000 -- $526 / 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
2024 $30,219 $2,679,430 $1,312,373 $1,367,057
2023 $29,416 $2,626,893 $1,286,641 $1,340,252
2022 $29,742 $2,575,386 $1,261,413 $1,313,973
2021 $29,334 $2,524,889 $1,236,680 $1,288,209
2019 $28,333 $2,450,000 $1,200,000 $1,250,000
2018 $17,998 $1,616,700 $1,065,900 $550,800
2016 $6,335 $545,685 $366,496 $179,189
2015 $6,258 $537,489 $360,991 $176,498
2014 $6,152 $526,961 $353,920 $173,041
Source: Public Records

Agents Affiliated with this Home

  • Steffan Braunlich

    Seller's Agent in 2016

    Steffan Braunlich

    Berkadia

    (310) 209-3209

    21 Total Sales

    Steffan Braunlich
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Map

Source: The MLS

MLS Number: 16-142868

The MLS

APN: 4139-018-028

California Los Angeles County El Segundo 90245

1627 E Palm Ave Unit 3, El Segundo, CA

This home is located at 1627 E Palm Ave Unit 3, El Segundo, CA 90245 since 11 July 2016 and is currently estimated at $2,385,000, approximately $701 per square foot. This property was built in 1955. 1627 E Palm Ave Unit 3 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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