NOT LISTED FOR SALE

209 Penn St El Segundo, CA 90245

8 Beds
5 Baths
4,044 Sq Ft
7,144 Sq Ft Lot

Last Sold April 29, 2016

Last sale price $2,020,000 $500 Per Sq Ft

51 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Level Lot
  • Center Street Elementary Rated A+
  • Landscaped
  • Wall Furnace

About This Home

As of April 2016

This 5 unit is located in a quiet area of El Segundo being used as a 6 unit.. Tax rolls list this as a 5 unit with 5 bathrooms. Rents are very low with long term tenants. There are separate meters for 5 of the units and the owner pays the gas for the unfurnished bachelor unit. The property is well maintained with auto lights and sprinkler system. There are 5 separate storage units in the garage area also an outside washer and dryer (owned and maintained by a vendor). There are 5 coverd parking areas in the rear of the building. The front building has 4 units all with front and back doors. Each of these units has room for a BBQ. There are 2 units above the parking garage, a 2 bedroom and a bachalor with a outdoor patio-landing.The interior inspection is dependent upon an accepted offer.
This is a good hold for someone who is starting out and wants an investment with a limited amount of maintenance.

Last Agent to Sell the Property

WALTER MAIER

WALTER MAIER REAL ESTATE License #00473409 Listed on: 03/25/2016

Last Buyer's Agent

Bill Ruane

Estate Properties License #00972400

Estate Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 7,151 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Lawn
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage

Home Design

  • 4,044 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 84579
  • Assessor Parcel Number 4135017016

Community Details

Overview

  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Insurance Expense $1,200
  • Professional Management Expense $3,600
  • Trash Expense $1,584
  • Water Sewer Expense $1,344
  • New Taxes Expense $28,125
  • Gross Income $84,000
  • Net Operating Income $47,472

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

7,151 Sq Ft Lot

Parking

5

Listing Details

  • Professional Management Expense: 3600.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1344.00
  • Property Type: Residential Income
  • Parcel Number: 4135017016
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 499.51

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, In Garage
  • Trash Expense: 1584.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Street Lights, Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre, Lawn, Landscaped, Level with Street, Sprinkler System
  • Lot Size Sq Ft: 7151.00
  • Price Per Lot Square Foot: 282.48
  • Lot Size Acres: 0.1640

Multi Family

  • Gross Income: 84000.00
  • Gross Scheduled Income: 84000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7151.0000 Square Feet
  • Net Operating Income: 47472.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 6
  • Operating Expense: 36528.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 28125.00
  • Tax Lot: 15
  • Tax Tract Number: 84579
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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
04/29/2016 04/29/16 Sold $2,020,000 -10.2% $500 / Sq Ft
03/18/2016 03/18/16 Pending -- -- --
01/27/2016 01/27/16 For Sale $2,250,000 -- $556 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $27,266 $2,426,778 $1,361,364 $1,065,414
2024 $27,266 $2,379,195 $1,334,671 $1,044,524
2023 $26,553 $2,332,545 $1,308,501 $1,024,044
2022 $26,842 $2,286,810 $1,282,845 $1,003,965
2021 $26,481 $2,241,972 $1,257,692 $984,280
2019 $25,591 $2,175,476 $1,220,389 $955,087
2018 $24,038 $2,132,820 $1,196,460 $936,360
2016 $2,608 $176,609 $90,333 $86,276
2015 $2,583 $173,958 $88,977 $84,981
2014 $2,578 $170,552 $87,235 $83,317
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN16018101

California Regional Multiple Listing Service (CRMLS)
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