NOT LISTED FOR SALE

230 Penn St El Segundo, CA 90245

10 Beds
7 Baths
5,432 Sq Ft
7,144 Sq Ft

Last Sold April 02, 2013

Last sale price $1,325,000 $244 Per Sq Ft

3 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • 4-minute walk to Hilltop Park
  • Center Street Elementary Rated A+

About This Home

As of April 2013

This is a Trustee Sale of an excellent El Segundo apartment complex of 5 apartments with 2-2car enclosed garages and 5-1 car enclosed garages. There are 3 buildings total. Front building built 1986 has 2 large 2bd/2ba units that each have a 2-car enclosed garage. Middle building is a 2bd/1ba unit upstairs over garages, and rear building has 2-2bd/1ba units one up and one down. These units, built in 1962, have a one car garage each. Total of 10 bedrooms & 7 baths.
Property is well located in walking distance to the downtown, restaurants and recreation park. It is just over 1 mile to the beach.

Last Agent to Sell the Property

Ken Schofield

Schofield Realty, Inc. License #00387822 Listed on: 01/28/2013

Last Buyer's Agent

Ken Schofield

Schofield Realty, Inc. License #00387822 Listed on: 01/28/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,144 Sq Ft Lot
  • Lot Dimensions are 50 x 143
  • 1 Common Wall
  • Corner Lot

Parking

  • 7 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 5,432 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 7 / 28
  • Tax Tract Number 6200
  • Assessor Parcel Number 4135017027

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Electric Expense $400
  • Gardener Expense $600
  • Insurance Expense $1,750
  • Maintenance Expense $12,000
  • Professional Management Expense $3,000
  • Trash Expense $600
  • Water Sewer Expense $1,420
  • New Taxes Expense $14,500
  • Gross Income $8,525
  • Net Operating Income $67,167

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

7,144 Sq Ft Lot

Parking

7

Listing Details

  • Professional Management Expense: 3000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1420.00
  • Zoning: ESR3YY
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 4135017027
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 243.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Urban

Lot Info

  • Lot Features: Corner Lot
  • Lot Size: 50 x 143
  • Lot Size Sq Ft: 7144.00
  • Lot Size Acres: 0.1640

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 400.00
  • Gross Income: 8525.00
  • Gross Multiplier: 13.44
  • Gross Scheduled Income: 102300.00
  • Insurance Expense: 1750.00
  • Lot Size Area: 7144.0000 Square Feet
  • Maintenance Expense: 12000.00
  • Net Operating Income: 67167.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Total: 5
  • Operating Expense: 34110.00
  • Operating Expense Percent: 33.00
  • Rent Control: No
  • Vacancy Allowance Rate: 1.00

Tax Info

  • New Taxes Expense: 14500.00
  • Tax Block: 28
  • Tax Lot: 7
  • Tax Tract Number: 6200
  • Tax Year: 2012
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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
04/02/2013 04/02/13 Sold $1,325,000 -3.6% $244 / Sq Ft
01/31/2013 01/31/13 Pending -- -- --
01/28/2013 01/28/13 For Sale $1,375,000 -- $253 / 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 $18,732 $1,631,632 $985,138 $646,494
2024 $18,732 $1,599,640 $965,822 $633,818
2023 $18,254 $1,568,276 $946,885 $621,391
2022 $18,446 $1,537,526 $928,319 $609,207
2021 $18,192 $1,507,379 $910,117 $597,262
2020 $17,860 $1,491,923 $900,785 $591,138
2019 $17,590 $1,462,671 $883,123 $579,548
2018 $16,491 $1,433,992 $865,807 $568,185
2016 $15,900 $1,378,311 $832,188 $546,123
2015 $15,707 $1,357,608 $819,688 $537,920
2014 $15,396 $1,331,015 $803,632 $527,383
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13013380

California Regional Multiple Listing Service (CRMLS)
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