NOT LISTED FOR SALE

363 Virginia St El Segundo, CA 90245

Estimated Value: $3,708,227

14 Beds
7 Baths
6,116 Sq Ft
$606/Sq Ft Est. Value

Last Sold March 23, 2021

Last sale price $3,300,000 $540 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $23,626/month

830 Days on Market

Highlights

  • City Lights View
  • Corner Lot
  • Carpet
  • Richmond Street Elementary School Rated A
  • Laundry Room
  • Heating System Uses Natural Gas

About This Home

As of March 2021

NEW PRICE...BEST MULTI-RESIDENTIAL VALUE IN EL SEGUNDO!! SITUATED ON HIGH GROUND ON ONE OF THE BEST MULTI-RESIDENTIAL BLOCKS, THIS UNSURPASSED CORNER LOCATION IS ADJACENT TO ONE OF THE MOST SOUGHT-AFTER RESIDENTIAL NEIGHBORHOODS IN THE CITY. JUST 3 BLOCKS AND A 5 MINUTE WALK TO DOWNTOWN STORES, SHOPS AND RESTAURANTS AND A 10 MINUTE BIKE RIDE TO THE BEACH. CONVENIENT ACCESS TO LAX, DOWNTOWN LOS ANGELES AND THE WESTSIDE. EAST BLDG: 2 LEVELS; FIVE 2-BED, 1-BA SINGLE LEVEL APTS, 4 OPEN GARAGES, 4 OFF-STREET PKG SPACES. WEST BLDG: TWO 2-BED, 1-BA TOWNHOME STYLE APTS, 4 OPEN GARAGES, 1 STORAGE AREA. RENTS ARE LOW. SOME APARTMENTS HAVE DEFERRED MAINTENANCE AND REPAIR.

LEGACY REAL ESTATE INVESTMENT ~ OFFERED FOR SALE FOR THE FIRST TIME IN 31 YEARS. CALL LISTING AGENT FOR ADDITIONAL INFORMATION.

Last Agent to Sell the Property

Robert Schumann

Real Estate West, Inc. License #00481263 Listed on: 12/11/2018

Last Buyer's Agent

Rico Quevedo

Turin Trade, Inc. License #01350514

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $39,878

Year Built

  • Built in 1969

Lot Details

  • 7,152 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 7 Car Garage
  • Front Facing Garage
  • Tandem Covered Parking
  • On-Street Parking
  • Assigned Parking

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Property Attached

Interior Spaces

  • 6,116 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 1 / 48
  • Tax Tract Number 6201
  • Assessor Parcel Number 4136018041

Community Details

Overview

  • 2 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • Electric Expense $491
  • Gardener Expense $925
  • Insurance Expense $3,026
  • Maintenance Expense $1,782
  • Professional Management Expense $6,720
  • Trash Expense $4,395
  • Water Sewer Expense $2,673
  • New Taxes Expense $56,340
  • Operating Expense $40,154
  • Gross Income $76,996
  • Net Operating Income $76,996

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$39,878

Year Built

Built in 1969

Lot Details

0

Parking

7

Listing Details

  • Professional Management Expense: 6720.00
  • Property Attached: Yes
  • Road Surface Type: Alley Paved, Paved
  • View: Yes
  • Water Sewer Expenses: 2673.00
  • Zoning: ESR3YY
  • Property Type: Residential Income
  • Gardener Expense: 925.00
  • Parcel Number: 4136018041
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Levels: Two
  • Price Per Square Foot: 539.57

Exterior Features

  • View: City Lights, Neighborhood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Parking Features: Assigned, Covered, Concrete, Garage Faces Front, Private, Street, Tandem Covered
  • Total Parking Spaces: 11.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 4395.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Lot 6500-9999
  • Lot Size Sq Ft: 7152.00
  • Lot Size Acres: 0.1642

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 491.00
  • Gross Income: 76996.00
  • Gross Scheduled Income: 117120.00
  • Insurance Expense: 3026.00
  • Lot Size Area: 7152.0000 Square Feet
  • Maintenance Expense: 1782.00
  • Net Operating Income: 76996.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 40154.00
  • Rent Control: No
  • Total Actual Rent: 9760.00
  • Total Expenses: 40154.00

Tax Info

  • New Taxes Expense: 56340.00
  • Tax Block: 48
  • Tax Census Tract: 6201.02
  • Tax Lot: 1
  • Tax Tract Number: 6201.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2022
Sold by
363 Virginia St Llc
Bought by
363 Virginia St Llc
Current Estimated Value
$3,708,227

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,575,000
Outstanding Balance
$1,484,488
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$2,223,739

Purchase Details

Closed on
Jan 27, 2020
Sold by
Waddell Glenn William and Survivors Trust
Bought by
363 Virginia Street Llc

Purchase Details

Closed on
Apr 9, 2007
Sold by
Waddell Wayne and Waddell Joann
Bought by
Waddell Wayne and Waddell Joann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.13%
Mortgage Type
Commercial
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

Purchase History

Date Buyer Sale Price Title Company
363 Virginia St Llc -- Usa National Title
363 Virginia Street Llc $3,300,000 North American Title
Waddell Wayne -- United Title Company S D Tit
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 363 Virginia St Llc $1,575,000
Previous Owner Waddell Wayne $750,000
Previous Owner Waddell Wayne $630,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2021 03/23/21 Sold $3,300,000 -9.6% $540 / Sq Ft
10/02/2019 10/02/19 Price Changed $3,650,000 -3.8% $597 / Sq Ft
08/26/2019 08/26/19 Price Changed $3,795,000 -5.0% $621 / Sq Ft
03/05/2019 03/05/19 Price Changed $3,995,000 -14.9% $653 / Sq Ft
12/11/2018 12/11/18 For Sale $4,695,000 -- $768 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $39,878 $3,572,025 $2,164,864 $1,407,161
2024 $39,878 $3,501,986 $2,122,416 $1,379,570
2023 $38,827 $3,433,320 $2,080,800 $1,352,520
2022 $39,251 $3,366,000 $2,040,000 $1,326,000
2021 $36,325 $3,090,464 $1,997,239 $1,093,225
2020 $16,399 $1,358,162 $612,572 $745,590
2019 $16,153 $1,331,532 $600,561 $730,971
2018 $15,167 $1,305,425 $588,786 $716,639
2016 $14,571 $1,254,736 $565,924 $688,812
2015 $14,395 $1,235,890 $557,424 $678,466
2014 $14,130 $1,211,681 $546,505 $665,176
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18289610

California Regional Multiple Listing Service (CRMLS)

APN: 4136-018-041