NOT LISTED FOR SALE

350 Concord St El Segundo, CA 90245

11 Beds
6 Baths
5,181 Sq Ft
5,604 Sq Ft Lot

Last Sold June 22, 2022

Last sale price $3,175,000 $613 Per Sq Ft

31 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • 1-Story Property
  • Richmond Street Elementary School Rated A
  • Central Heating and Cooling System

About This Home

As of June 2022

We are pleased to present 350 and 350 1/2 Concord Street, a 5-unit multi-family. The Property is just minutes from LAX and the Pacific Ocean.
It's centrally located in the heart of El Segundo. Within walking distance to the beach, Richmond Elementary, El Segundo High School and all shops and eateries in town. The front house consist of 3 bedroom 2 bathrooms it's been recently remodeled and it has newer Central air and A/C. The back building consist of 4 large 2 bedroom 1 bath units. The rear building was built in the 1984 and is approximately 3640 sq. ft. The property is separately metered for gas and electricity. It features ample parking, and the tenants benefit from the property’s central location. This is an outstanding opportunity to acquire a desirable multi-family asset and would be a great addition to any investors portfolio.

Last Agent to Sell the Property

EZEQUIEL ACEVES

GUY HOCKER REALTORS License #01033312 Listed on: 02/24/2022

Last Buyer's Agent

Nico Rosmarin

Lyon Stahl Investment Real Estate, Inc. License #02023847

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 5,604 Sq Ft Lot
  • 1 Common Wall
  • Private Yard
  • Front Yard

Parking

  • 6 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 5,181 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 4 / 44
  • Tax Tract Number 44
  • Assessor Parcel Number 4136017004
  • $886 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,744
  • Gardener Expense $888
  • Insurance Expense $2,728
  • Other Expense $12,174
  • Professional Management Expense $11,050
  • Trash Expense $600
  • Water Sewer Expense $3,516
  • New Taxes Expense $36,258
  • Operating Expense $69,958
  • Gross Income $183,672
  • Net Operating Income $113,714

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Parking

6

Listing Details

  • CapRate: 16.85
  • Price Per Unit: 619800
  • Professional Management Expense: 11050.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3516.00
  • Zoning: ESR3YY
  • Property Type: Residential Income
  • Gardener Expense: 888.00
  • Parcel Number: 4136017004
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 612.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community, Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Yard
  • Lot Size Sq Ft: 5604.00
  • Lot Size Acres: 0.1287

Multi Family

  • Electric Expense: 2744.00
  • Gross Operating Income: 183672.00
  • Gross Scheduled Income: 183672.00
  • Insurance Expense: 2728.00
  • Laundry Income: 200.00
  • Lot Size Area: 5604.0000 Square Feet
  • Net Operating Income: 113714.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 69958.00
  • Other Expense: 12174.00
  • Other Income1: 250.00
  • Rent Control: Yes
  • Total Expenses: 69958.00

Tax Info

  • New Taxes Expense: 36258.00
  • Tax Block: 44
  • Tax Census Tract: 6201.02
  • Tax Lot: 4
  • Tax Tract Number: 44
  • TaxOtherAnnualAssessmentAmount: 886.00

Range of Values:

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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
06/22/2022 06/22/22 Sold $3,175,000 +2.5% $613 / Sq Ft
03/28/2022 03/28/22 Pending -- -- --
02/24/2022 02/24/22 For Sale $3,099,000 -- $598 / 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: IN22029586

California Regional Multiple Listing Service (CRMLS)