NOT LISTED FOR SALE

515 W Franklin Ave El Segundo, CA 90245

Estimated Value: $1,902,000 - $2,606,000

6 Beds
4 Baths
3,263 Sq Ft
$673/Sq Ft Est. Value

Last Sold January 15, 2021

Last sale price $1,650,000 $506 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $12,963/month

15 Days on Market

Highlights

  • Property has ocean access
  • Fishing
  • Peek-A-Boo Views
  • Richmond Street Elementary School Rated A
  • Ocean Side of Highway 1
  • 2-minute walk to Candy Cane Park

About This Home

As of January 2021

Must get under contact this week, seller in escrow on upleg with no contingencies. 3263 sq.ft., looks like 2 townhomes, 3 blocks from beachand bike path. Each 3 beds 2 baths, with open floorplans, private 2 car garages, sunny private patios, fireplaces, granite counters, stainless appliances, NEST and laundry rooms. West and east facing so lot's of natural light and ocean breeze. Newer construction, separate meters, low expenses. Zero traffic street in absolute best southwest E.S. location: 3 blocks to beach and bike path, walkable to Rec Park (El Segundo's main park, with trails and every sport), Main Street's restaurants and culture, closest to downtown Manhattan, and farthest from LAX noise and traffic. #A rented $3600, #B rented $3400, both month to month. A+ investment or family compound.

Last Agent to Sell the Property

Leo Nordine

Nordine Realtors, Inc. License #00961679 Listed on: 11/19/2020

Last Buyer's Agent

Scott Mccain

Compass License #01982323

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976 | Remodeled

Lot Details

  • 4,059 Sq Ft Lot
  • 1 Common Wall
  • West Facing Home
  • Wood Fence
  • Fence is in good condition
  • Landscaped
  • Rectangular Lot
  • Private Yard
  • Lawn
  • Back Yard

Parking

  • 4 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Side by Side Parking
  • Driveway

Home Design

  • Contemporary Architecture
  • Property Attached
  • Entry on the 2nd floor
  • Turnkey
  • Frame Construction
  • Synthetic Roof
  • Stucco

Interior Spaces

  • 3,263 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Double Pane Windows
  • Entryway
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Laminate Flooring
  • Peek-A-Boo Views
  • Carbon Monoxide Detectors

Kitchen

  • Gas Range
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Property has ocean access
  • Ocean Side of Highway 1
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Forced Air Heating System
  • ENERGY STAR Qualified Water Heater
  • Cable TV Available

Additional Features

  • Doors are 32 inches wide or more
  • ENERGY STAR Qualified Equipment for Heating
  • Property is near park

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 1
  • Assessor Parcel Number 4136021009

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Fishing
  • Park
  • Bike Trail

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $780
  • Insurance Expense $1,000
  • Maintenance Expense $2,000
  • Water Sewer Expense $2,544
  • New Taxes Expense $22,812
  • Operating Expense $29,161
  • Gross Income $84,000
  • Net Operating Income $58,384

Property Details

Home Type

Multi-Family

Year Built

Built in 1976 | Remodeled

Lot Details

4,059 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: No
  • Inclusions: stainless appliances
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2544.00
  • Zoning: R@
  • Architectural Style: Contemporary
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 4136021009
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Granite Counters, Living Room Deck Attached, Open Floorplan, Recessed Lighting
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Accessibility Features: 32 Inch Or More Wide Doors
  • Appliances: Yes
  • Entry Level: 2
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 505.67
  • Room Type: All Bedrooms Up, Entry, Master Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: West
  • Other Structures: Storage
  • Exterior Features: Lighting
  • View: Peek-A-Boo
  • Fence: Yes
  • Fencing: Good Condition, Wood
  • Pool Private: No
  • Roof: Synthetic
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage Faces Front, Private, Side by Side
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Disposal, Gas Range, Refrigerator
  • Heating Type: Central, Forced Air, ENERGY STAR Qualified Equipment, Fireplace(s)
  • Laundry Features: Gas & Electric Dryer Hookup, In Closet, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Fishing, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Landscaped, Lawn, Rectangular Lot, Park Nearby, Yard
  • Lot Size: irreg.
  • Lot Size Sq Ft: 4059.00
  • Lot Size Acres: 0.0932

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 84000.00
  • Gross Operating Income: 84000.00
  • Gross Scheduled Income: 84000.00
  • Gross Spendable Income: 58384.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 4059.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 58384.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 29161.00
  • Rent Control: Yes
  • Total Actual Rent: 7000.00
  • Total Expenses: 29161.00
  • Waterfront Features: Ocean Access, Ocean Side Of Highway 1

Tax Info

  • New Taxes Expense: 22812.00
  • Tax Area: califor
  • Tax Lot: 5
  • Tax Rate: 13.00
  • Tax Tract Number: 01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2019
Closed on
Mar 14, 2019
Sold by
Wang Joe H and Wang Heidi A
Bought by
Abion Glynis R
Seller's Agent
Alex Abad
Tower-60
Buyer's Agent
Alex Abad
Tower-60
List Price
$1,695,000
Sold Price
$1,650,000
Premium/Discount to List
-$45,000
-2.65%
Current Estimated Value
$2,196,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$546,750
Avg. Annual Appreciation
4.22%

Purchase Details

Closed on
Nov 13, 2018
Sold by
Wang Chien Chiu J
Bought by
Wang Joe H and Wang Heidi A

Purchase Details

Closed on
Oct 10, 2006
Sold by
Cobb George Ronald
Bought by
Wang Chien Chiu J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$802,500
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 30, 1993
Sold by
Cobb George Ronald
Bought by
Cobb George Ronald
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Abion Glynis R $1,617,000 Fidelity National Title Co
Wang Joe H -- None Available
Wang Chien Chiu J $1,070,000 Chicago Title
Cobb George Ronald -- Southcoast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wang Chien Chiu J $802,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/15/2021 01/15/21 Sold $1,650,000 -1.5% $506 / Sq Ft
12/04/2020 12/04/20 Pending -- -- --
11/23/2020 11/23/20 Price Changed $1,675,000 -1.4% $513 / Sq Ft
11/19/2020 11/19/20 For Sale $1,699,000 +3.0% $521 / Sq Ft
03/18/2019 03/18/19 Sold $1,650,000 -2.7% $506 / Sq Ft View Prior Sale
03/08/2019 03/08/19 Pending -- -- --
03/07/2019 03/07/19 For Sale $1,695,000 0.0% $519 / Sq Ft
02/17/2019 02/17/19 Pending -- -- --
02/11/2019 02/11/19 For Sale $1,695,000 -- $519 / 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 $19,750 $1,786,010 $1,114,904 $671,106
2024 $19,750 $1,750,992 $1,093,044 $657,948
2023 $19,226 $1,716,660 $1,071,612 $645,048
2022 $19,438 $1,683,000 $1,050,600 $632,400
2021 $19,344 $1,666,426 $1,030,567 $635,859
2020 $18,980 $1,649,340 $1,020,000 $629,340
2019 $14,910 $1,285,111 $960,833 $324,278
2018 $13,998 $1,259,914 $941,994 $317,920
2016 $13,584 $1,210,992 $905,416 $305,576
2015 $13,414 $1,192,802 $891,816 $300,986
2014 $13,123 $1,169,438 $874,347 $295,091
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20243286

California Regional Multiple Listing Service (CRMLS)

APN: 4136-021-009

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