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924 Main St 5 Unit Apartment Building $2,999,000 ($599,800/Unit) 4.29% Cap Rate El Segundo, CA 90245
EXECUTIVE SUMMARY
Excellent investment opportunity in a prime location blocks away from restaurants, parks, and local businesses. This well-maintained five-unit apartment building features a townhome-style layout, providing the benefit of no neighbors above or below. The property consists of an owner's unit with 3 bedrooms and 2.5 bathrooms. Additionally there is a 2 bedroom unit with 2.5 bathrooms, and three 1 bedroom and 1.5 baths units. Every unit includes its own private garage. A shared laundry room is available on-site for resident convenience. This property presents strong rental potential in a highly desirable location.
Owner's unit will be delivered vacant.
Owner's unit will be delivered vacant.
PROPERTY FACTS
| Price | $2,999,000 | Apartment Style | Low-Rise |
| Price Per Unit | $599,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.29% | Building Size | 5,656 SF |
| Gross Rent Multiplier | 16.44 | Average Occupancy | 83% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 0.88/1,000 SF |
| Zoning | ESR3YY | ||
| Price | $2,999,000 |
| Price Per Unit | $599,800 |
| Sale Type | Investment |
| Cap Rate | 4.29% |
| Gross Rent Multiplier | 16.44 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 5,656 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | ESR3YY |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 1 | $4,500 | - |
| 2+1 | 1 | $3,200 | - |
| 1+1 | 3 | $2,500 | - |
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 4132-019-011 | Improvements Assessment | $841,500 |
| Land Assessment | $1,708,500 | Total Assessment | $2,550,000 |
PROPERTY TAXES
Parcel Number
4132-019-011
Land Assessment
$1,708,500
Improvements Assessment
$841,500
Total Assessment
$2,550,000
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924 Main St
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