$1,300,000
SOLD JAN 8, 2016

301 W Palm Ave El Segundo, CA 90245

4 Beds
3 Baths
2,271 Sq Ft
6,714 Sq Ft Lot

Recently Sold

$572 Per Sq Ft

5% Below List Price

38 Days on Market

Highlights

  • Property is near a park
  • Lawn
  • 4-minute walk to Library Park
  • Richmond Street Elementary School Rated A
  • 4 Car Garage

About This Home

As of June 2022

Prime Investment Property..Three Detached Houses On One Lot, All With Private Garages..Front Two Bedroom House Has Hardwood Floors, An Enclosed Porch Off The Kitchen and a Well-Manicured Backyard.. Garage For Front House is Huge With a Separate Room For Storage..Middle House is Two Bedrooms With a Big Eat-In Kitchen..Rear House is a Cute Cozy Single Unit..Separate Gas & Electric Meters..Library Park Just Down The Street..Award Winning School District.. Walk to Downtown El Segundo and All The Great Restaurants and Shops.. Perfect For Owner/User, Investor or Builder..No Rent Control..Adjacent Property at 305 W Palm Ave is Also For Sale.. Both Can Be Purchased Together For Development..Ask About Entitlements For 7-Unit Townhome Condominium Project..Sold AS IS..Do Not Disturb Tenants.

Last Agent to Sell the Property

Shiela Fowler

Beach City Brokers License #00942595 Listed on: 11/06/2015

Beach City Brokers

Last Buyer's Agent

Dennis Moloney

Strand Hill Properties License #00808394

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 6,714 Sq Ft Lot
  • No Common Walls
  • Lawn

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • 2,271 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Location

  • Property is near a park
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 6
  • Tax Tract Number 9642
  • Assessor Parcel Number 4132008006

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,238
  • Maintenance Expense $1,500
  • Water Sewer Expense $1,800
  • New Taxes Expense $20,625
  • Gross Income $69,000
  • Net Operating Income $43,206

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: 3105299922
  • Other Phone Number: 3105299922
  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 4132008006
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 572.44

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Lawn, Park Nearby, Near Public Transit
  • Lot Size Sq Ft: 6714.00
  • Price Per Lot Square Foot: 193.63
  • Lot Size Acres: 0.1540

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 69000.00
  • Gross Scheduled Income: 69000.00
  • Insurance Expense: 1238.00
  • Lot Size Area: 6714.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 43206.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Range: 3
  • Number With Refrigerator: 1
  • Operating Expense: 25763.00
  • Rent Control: No
  • Total Actual Rent: 5750.00

Tax Info

  • New Taxes Expense: 20625.00
  • Tax Lot: 6
  • Tax Tract Number: 9642

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2015
Closed on
Jan 5, 2016
Sold by
Fowler Derek J
Bought by
Ablon Glynis Reina and Glynis Reina Ablon Trust
Seller's Agent
Shiela Fowler
Beach City Brokers
Buyer's Agent
Dennis Moloney
Strand Hill Properties
List Price
$1,375,000
Sold Price
$1,300,000
Premium/Discount to List
-$75,000
-5.45%
Current Estimated Value
$2,165,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$865,000

Purchase Details

Closed on
Jan 26, 2007
Sold by
Lafollette Linda M and Paul L Jones Irrevocable Exemp
Bought by
Fowler Derek J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$716,250
Interest Rate
1.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 12, 2005
Sold by
Jones Mary L
Bought by
Lafollette Linda M

Purchase Details

Closed on
Oct 3, 2003
Sold by
Survivo Jones Mary L and Survivo Mary L Jones Revocable
Bought by
Lafollette Linda M and Jones Mary L

Purchase Details

Closed on
May 18, 1999
Sold by
Jones Mary L and Paul L & Mary L Jones Family T
Bought by
Jones Mary L and Paul L Jones Irrevocable Exemp
Source: Public Records

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
06/29/2022 06/29/22 Sold $1,900,000 -50.0% $837 / Sq Ft
01/04/2022 01/04/22 Pending -- -- --
01/04/2022 01/04/22 For Sale $3,800,000 +192.3% $1,673 / Sq Ft
01/08/2016 01/08/16 Sold $1,300,000 -5.5% $572 / Sq Ft
12/14/2015 12/14/15 Pending -- -- --
11/06/2015 11/06/15 For Sale $1,375,000 -- $605 / 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: SB15242046

California Regional Multiple Listing Service (CRMLS)

APN: 4132-008-006