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221 Sheldon St 8 Unit Apartment Building $4,500,000 ($562,500/Unit) 4.26% Cap Rate El Segundo, CA 90245
Investment Highlights
- Charming 8-Unit Investment in a Premier Coastal Community
Executive Summary
221 Sheldon Avenue is a well-maintained 8-unit apartment building located in the heart of El Segundo, one of Los Angeles’ most desirable and tightly held rental markets. This pride-of-ownership property immediately stands out with its beautifully maintained landscaping, inviting curb appeal, and warm, residential feel that sets it apart from typical multifamily assets. 4 of 8 units have been remodeled to various levels including in unit washer/dryers and dishwashers.
Tucked on a quiet residential street yet just moments from everything that makes El Segundo special, the property offers tenants the perfect balance of neighborhood charm and everyday convenience. Residents enjoy close proximity to downtown El Segundo’s shops, restaurants, and cafés, top-rated schools, major employment hubs, and easy access to the beach and freeways.
The building’s welcoming atmosphere and strong location contribute to consistent tenant demand and long-term rental stability. For investors, this is an opportunity to acquire a solid, well-located coastal multifamily asset with lasting appeal and upside potential in an area known for high barriers to entry and enduring desirability.
Tucked on a quiet residential street yet just moments from everything that makes El Segundo special, the property offers tenants the perfect balance of neighborhood charm and everyday convenience. Residents enjoy close proximity to downtown El Segundo’s shops, restaurants, and cafés, top-rated schools, major employment hubs, and easy access to the beach and freeways.
The building’s welcoming atmosphere and strong location contribute to consistent tenant demand and long-term rental stability. For investors, this is an opportunity to acquire a solid, well-located coastal multifamily asset with lasting appeal and upside potential in an area known for high barriers to entry and enduring desirability.
Property Facts
| Price | $4,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $562,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.26% | Building Size | 6,390 SF |
| Gross Rent Multiplier | 15.75 | No. Stories | 2 |
| No. Units | 8 | Year Built/Renovated | 1969/2023 |
| Property Type | Multifamily | Parking Ratio | 1.41/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | ESR3YY | ||
| Price | $4,500,000 |
| Price Per Unit | $562,500 |
| Sale Type | Investment |
| Cap Rate | 4.26% |
| Gross Rent Multiplier | 15.75 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,390 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2023 |
| Parking Ratio | 1.41/1,000 SF |
| Zoning | ESR3YY |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | - | - |
1 1
Walk Score®
Walker's Paradise (91)
Property Taxes
| Parcel Number | 4135-011-018 | Improvements Assessment | $1,150,560 |
| Land Assessment | $2,215,440 | Total Assessment | $3,366,000 |
Property Taxes
Parcel Number
4135-011-018
Land Assessment
$2,215,440
Improvements Assessment
$1,150,560
Total Assessment
$3,366,000
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221 Sheldon St
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