NOT LISTED FOR SALE

526 Illinois St El Segundo, CA 90245

12 Beds
10 Baths
7,635 Sq Ft
6,961 Sq Ft Lot

Last Sold April 26, 2022

Last sale price $3,950,000 $517 Per Sq Ft

104 Days on Market

Highlights

  • 11 Car Garage
  • Center Street Elementary Rated A+
  • 1-minute walk to Freedom Park

About This Home

As of April 2022

REDUCED PRICE: $3,995,000 (motivated seller). Matthews is pleased to present 526 Illinois Street, a 7,635 square foot, 6-unit apartment building located in El Segundo. Built-in 1988, this condo-quality asset sits on an R3-zoned, 6,962 square foot lot located just 1.5 miles from the Pacific Ocean. The building is comprised of two-story townhome units: (3)two-bed/two-bath, (2) three-bed/two-bath, and (1) oversized studio units (non-conforming). The property offers tenants a gated, subterranean parking garage with 11 spaces total, as well as a washer/dryer and individual waters heaters in each unit. All units have been fully upgraded and include a balcony, private patio, fireplace, and office. Additionally, the exterior has been fully remodeled, and the roof is only around 5 years old. With strong in-place rents, 526 Illinois offers investors cash-flowing trophy assets in a truly irreplaceable South Bay Los Angeles location. ***5 UNITS PLUS 1 NON-CONFORMING STUDIO UNIT

Last Agent to Sell the Property

Daniel Withers

Matthews Real Estate Investment Services License #01325901 Listed on: 11/13/2021

Last Buyer's Agent

Daniel Withers

Matthews Real Estate Investment Services License #01325901 Listed on: 11/13/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 6,963 Sq Ft Lot
  • Lot Dimensions are 50x140

Parking

  • 11 Car Garage

Interior Spaces

  • 7,635 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 10 Bathrooms

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 4139-025-050

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

6,963 Sq Ft Lot

Parking

11

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 7635
  • Lot Acreage: 0.1598
  • Lot Dimensions: 50x140
  • Stories: 2
  • Year Built: 1988
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Laundry: In Unit
  • Total Bathrooms: 10.00
  • Price Per S Q F T: 523.25

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 11
  • Parking Garage: Garage
  • Total Parking: 11

Lot Info

  • Assessed Improvement Percent: 66.43
  • Assessed Improvement Value: 2375000
  • Assessed Land Percent: 33.57
  • Assessed Land Value: 1200000
  • Total Assessed Value: 3575000
  • Assessor Parcel Number: 4139-025-050
  • Lot Size Area: 6963

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 18.50
  • Number Of Units: 6
  • Type Of Units: Apartment
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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 Prior Sale
04/26/2022 04/26/22 Sold $3,950,000 -1.1% $517 / Sq Ft
02/25/2022 02/25/22 Pending -- -- --
01/06/2022 01/06/22 Price Changed $3,995,000 -6.0% $523 / Sq Ft
11/13/2021 11/13/21 For Sale $4,250,000 +13.3% $557 / Sq Ft
09/27/2017 09/27/17 Sold $3,750,000 -2.6% $491 / Sq Ft View Prior Sale
06/30/2017 06/30/17 For Sale $3,850,000 -- $504 / Sq Ft
Source: The MLS

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 $46,737 $4,191,771 $2,918,322 $1,273,449
2024 $46,737 $4,109,580 $2,861,100 $1,248,480
2023 $45,504 $4,029,000 $2,805,000 $1,224,000
2022 $41,743 $3,575,000 $1,200,000 $2,375,000
2021 $41,960 $3,575,000 $1,200,000 $2,375,000
2019 $44,569 $3,825,000 $1,275,000 $2,550,000
2018 $41,890 $3,750,000 $1,250,000 $2,500,000
2016 $17,276 $1,490,118 $634,091 $856,027
2015 $17,067 $1,467,736 $624,567 $843,169
2014 $16,727 $1,438,986 $612,333 $826,653
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-108341

The MLS
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