NOT LISTED FOR SALE
12 Beds
10 Baths
7,635 Sq Ft
6,963 Sq Ft Lot

Sale Details

Date 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

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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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2021
Closed on
Mar 16, 2022
Sold by
Bought by
Seller's Agent
Daniel Withers
Matthews Real Estate Investment Services
Buyer's Agent
Daniel Withers
Matthews Real Estate Investment Services
List Price
$4,250,000
Sold Price
$3,950,000
Premium/Discount to List
-$300,000
-7.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$1,836,300
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,620,000
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 18, 2011
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in El Segundo, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,950,000 Old Republic Title
$3,750,000 Chicago Title Company
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,000,000
Previous Owner $1,620,000
Previous Owner $1,200,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $47,793 $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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