NOT LISTED FOR SALE

1629 E Maple Ave El Segundo, CA 90245

12 Beds
6 Baths
4,032 Sq Ft
6,807 Sq Ft Lot

Last Sold December 19, 2024

Last sale price $2,175,000 $539 Per Sq Ft

15 Days on Market

Highlights

  • Laundry Room
  • Bike Trail
  • 2-minute walk to Washington Park
  • Center Street Elementary Rated A+

About This Home

As of December 2024

1629 Maple Ave is a well-maintained 6-unit apartment building located adjacent to Constitution Park in the desirable submarket of El Segundo. This two-story building features a desirable unit mix of six 2-bed/1-bath apartments. Spanning 4,032 square feet on a 6,807 square foot lot, it offers a solid investment opportunity with a 4.12% CAP rate & 40% rental upside, at an attractive price of $395,833 per unit.
The property includes car ports for six vehicles and a shared laundry area for tenant convenience. Its prime location places it within walking distance to downtown El Segundo, providing easy access to a variety of restaurants, shops, and entertainment options. Additionally, it's less than a 10-minute drive from the beach, making it a highly desirable area for residents. Whether you’re seeking a steady income or looking to benefit from El Segundo's growth, 1629 Maple Ave presents an opportunity an appreciating asset in a sought-after neighborhood.

Last Listed By

Woody Stahl

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

Lyon Stahl Investment Real Est

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 6,807 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 4,032 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Listing and Financial Details

  • Legal Lot and Block 10 / 107
  • Tax Tract Number 620
  • Assessor Parcel Number 4139017013
  • $920 per year additional tax assessments

Community Details

Recreation

  • Bike Trail

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $5,165
  • Maintenance Expense $5,621
  • Other Expense $8,214
  • Professional Management Expense $10,743
  • New Taxes Expense $27,059
  • Operating Expense $58,002
  • Gross Income $160,756
  • Net Operating Income $97,932

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • CapRate: 4.12
  • Price Per Unit: 395833
  • Professional Management Expense: 10743.00
  • Property Attached: Yes
  • Zoning: ESR3*
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 4139017013
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 539.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6807.00
  • Lot Size Acres: 0.1563

Multi Family

  • Gross Income: 160756.00
  • Gross Multiplier: 14.77
  • Gross Operating Income: 155933.00
  • Gross Scheduled Income: 160756.00
  • Insurance Expense: 5165.00
  • Lot Size Area: 6807.0000 Square Feet
  • Maintenance Expense: 5621.00
  • Net Operating Income: 97932.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 58002.00
  • Other Expense: 8214.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 58002.00
  • Vacancy Allowance: 4823

Tax Info

  • New Taxes Expense: 27059.00
  • Tax Block: 107
  • Tax Census Tract: 6200.01
  • Tax Lot: 10
  • Tax Tract Number: 620...
  • TaxOtherAnnualAssessmentAmount: 920.00

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

Property History

Date Event Price Change Sq Ft Price
03/05/2025 03/05/25 Off Market -- -- --
02/01/2025 02/01/25 For Rent -- -- --
12/19/2024 12/19/24 Sold $2,175,000 -8.4% $539 / Sq Ft
08/29/2024 08/29/24 Pending -- -- --
08/14/2024 08/14/24 For Sale $2,375,000 -- $589 / 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: PW24168369

California Regional Multiple Listing Service (CRMLS)