$2,500,000
SOLD OCT 29, 2021

945 Main St El Segundo, CA 90245

9 Beds
7 Baths
5,012 Sq Ft
6,700 Sq Ft Lot

Recently Sold

$499 Per Sq Ft

4% Below List Price

48 Days on Market

About This Home

As of February 2024

$200,000 Price Reduction. Motivated sellers. Property is located in the coveted city El Segundo. The two buildings are comprised of two (2) 1 bed/1 bath units, one (1) 2 bed/1 bath unit, one (1) 2 bed/1.5 bath townhome, and one (1) 3 bed/2 bath unit with 5,012 rentable sq ft on a 6,700 sq ft lot. With an annual income of approximately $152,000, the property is being offered at above market averages for cap rate and GRM. New roofs were installed in 2019, and much of the plumbing and sewer lines have been replaced. Each unit is individually metered for gas and electric. There is an onsite laundry facility with owner owned machines. Walking distance to El Segundo High School and downtown El Segundo, with an abundance of shops and restaurants. Close proximity to the beach and 105, 405, 10 and 110 freeways. El Segundo is home to more Fortune 500 companies than any other city outside of San Francisco.

Last Agent to Sell the Property

Daniel Shieh

Lyon Stahl Investment Real Estate, Inc. License #01978847 Listed on: 07/01/2021

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,810

Year Built

  • Built in 1969

Interior Spaces

  • 5,012 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Additional Features

  • 6,700 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for water, gardener
  • Assessor Parcel Number 4132-018-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,810

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5012
  • Lot Acreage: 0.1538
  • Stories: 2
  • Year Built: 1969
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 7.00
  • Price Per S Q F T: 517.76

Exterior Features

  • Other Structures: None

Garage/Parking

  • Carport Spaces: 6
  • Parking Garage: Carport
  • Total Parking: 6

Utilities

  • Heating: Forced Air
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 45.27
  • Assessed Improvement Value: 55794
  • Assessed Land Percent: 54.73
  • Assessed Land Value: 67453
  • Total Assessed Value: 123247
  • Assessor Parcel Number: 4132-018-003
  • Lot Size Area: 6700

Rental Info

  • Owner Pays: Water, Gardener
  • Tenant Pays: Gas, Electricity, Cable TV

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 18.28
  • Number Of Units: 5
  • Total Annual Expense: 46305
  • Type Of Units: 1, 2, and 3
  • Vacancy Rate: 3

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
$2,862,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,398
Avg. Annual Appreciation
2.73%

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
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,749,000 First American Title
Grant Deed $2,500,000 First American Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,620,000 Commercial
Previous Owner $71,000 Commercial
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: The MLS

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 $29,810 $2,803,980 $2,448,000 $355,980
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

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Map

Source: The MLS

MLS Number: 21-755676

The MLS

APN: 4132-018-003