945 Main St El Segundo, CA 90245
Estimated Value: $2,825,659 - $2,946,000
9
Beds
7
Baths
5,012
Sq Ft
$576/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Room
- Rectangular Lot
- Richmond Street Elementary School Rated A
About This Home
As of February 2024We are pleased to present the opportunity to acquire 945 Main Street, a 5-unit apartment complex. The property is centrally located with proximity to major employment centers, transportation hubs, and recreational amenities. This prime asset offers a compelling blend of stability and growth potential. Situated in the heart of El Segundo, 945 Main Street benefits from a strong rental market, historically low vacancy rates, and a well-maintained property.
The subject property is comprised of two buildings totaling 5,012sf and is situated on a 6,700sf lot with an attractive unit mix of (2)
one-bed/one-bath (1) 3-bed 2-bath (1)2-bed/1-bath and (1) 2-bed/1.5-bath townhouse style unit. Three (3) of the units will be
delivered rent ready providing the investors the opportunity to screen their tenants and immediately mark rents to market. There
are six (6) dedicated carports as well as an on-site laundry facility for the tenant's convenience. Both roofs were replaced less
than 5 years ago and much of the plumbing and the sewer has been replaced bolstering the property’s long-term durability.
945 Main Street is not just an investment; it's an opportunity to participate in a thriving community and capitalize on the live-
work-play environment that this location uniquely offers. With its strategic positioning, this property allows you to tap into the
steady demand for housing driven by nearby employment hubs while enjoying the coastal lifestyle that makes El Segundo a
sought-after destination. As an investor, you'll benefit from the property's consistent rental income, potential for value
appreciation, and the long-term stability provided by this dynamic and resilient market. Don't miss out on the chance to be part
of the success story that is El Segundo's real estate market and the countless advantages it can bring to your investment
portfolio.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #02060007 Listed on: 11/07/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $29,810
Year Built
- Built in 1977
Lot Details
- 6,702 Sq Ft Lot
- 1 Common Wall
- Rectangular Lot
Home Design
- Apartment
Interior Spaces
- 5,012 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 7 Bathrooms
Parking
- 6 Parking Spaces
- 6 Carport Spaces
- Parking Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 3
- Tax Tract Number 3690
- Assessor Parcel Number 4132018003
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 5 Units
Amenities
- Laundry Facilities
Building Details
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $3,759
- Maintenance Expense $3,750
- Professional Management Expense $6,654
- Water Sewer Expense $5,000
- New Taxes Expense $31,766
- Operating Expense $53,379
- Gross Income $171,360
- Net Operating Income $112,975
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 7, 2023
Closed on
Dec 18, 2023
Sold by
Michael L Fucci L and Michael Tina S
Bought by
Loytan Lp
Seller's Agent
Chris van Vuuren
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$2,800,000
Sold Price
$2,748,900
Premium/Discount to List
-$51,100
-1.82%
Views
40
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,930
Avg. Annual Appreciation
2.97%
Purchase Details
Closed on
Aug 23, 2021
Sold by
Potts Stephen E and Potts Daniel J
Bought by
Fucci Tina S and Fucci Michael L
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
2.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 29, 2008
Sold by
Potts Stephen and Potts Daniel
Bought by
Potts Stephen E and Stephen E Potts Family Trust
Similar Home in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Loytan Lp | $2,749,000 | First American Title | |
| Fucci Tina S | $2,500,000 | First American Title Company | |
| Potts Stephen E | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Fucci Tina S | $1,620,000 | |
| Previous Owner | Enders Joshua Lee | $71,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/01/2024 02/01/24 | Sold | $2,748,900 | -1.8% | $548 / Sq Ft |
| 12/12/2023 12/12/23 | Pending | -- | -- | -- |
| 11/07/2023 11/07/23 | For Sale | $2,800,000 | +12.0% | $559 / Sq Ft |
| 10/29/2021 10/29/21 | Sold | $2,500,000 | -3.7% | $499 / Sq Ft |
| 08/18/2021 08/18/21 | Pending | -- | -- | -- |
| 08/11/2021 08/11/21 | For Sale | $2,595,000 | 0.0% | $518 / Sq Ft |
| 08/04/2021 08/04/21 | Pending | -- | -- | -- |
| 07/27/2021 07/27/21 | Price Changed | $2,595,000 | -7.2% | $518 / Sq Ft |
| 07/01/2021 07/01/21 | For Sale | $2,795,000 | -- | $558 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $29,810 | $2,601,000 | $1,664,640 | $936,360 |
| 2023 | $29,030 | $2,550,000 | $1,632,000 | $918,000 |
| 2022 | $29,346 | $2,500,000 | $1,600,000 | $900,000 |
| 2021 | $2,374 | $124,523 | $68,151 | $56,372 |
| 2019 | $2,319 | $122,331 | $66,131 | $56,200 |
| 2018 | $2,123 | $119,963 | $64,835 | $55,128 |
| 2016 | $1,920 | $113,865 | $62,318 | $51,547 |
| 2015 | $1,904 | $112,155 | $61,382 | $50,773 |
| 2014 | $1,914 | $109,959 | $60,180 | $49,779 |
Source: Public Records
Agents Affiliated with this Home
-
Chris van Vuuren
Seller's Agent in 2024
Chris van Vuuren
Lyon Stahl Investment Real Estate, Inc.
(714) 655-0098
1 in this area
21 Total Sales
-
Brett Lyon
Seller Co-Listing Agent in 2024
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
10 in this area
141 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2024
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
1 in this area
5,641 Total Sales
-
Daniel Shieh
Seller's Agent in 2021
Daniel Shieh
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
3 in this area
36 Total Sales
-
Buyer Co-Listing Agent in 2021
Woody Stahl
Lyon Stahl Investment Real Est
(310) 710-3829
11 in this area
153 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23206907
APN: 4132-018-003
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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