- 10 BR
- 11 BA
- 4,990 SqFt.
- 5,399 Lot
- $2,975,000
- Active
- DOM: 27
311 West Palm Avenue in El Segundo is an 8-unit apartment building located in the heart of El Segundo.The 7,332 sq. ft. building situated on a 8,375 sq. ft. lot and boasts an attractive unit mix of one (1) 1 bed/1 bath and (7) 2 bed/1.5 bath units, all townhome style. There are 10 dedicated carports for the building on premises and a laundry facility onsite for the tenants' convenience. While the property is a turnkey asset with new slightly sloped roofs, sewer lines, and seven renovated units, there is still over 20% rent upside. El Segundo is a close knit, family oriented community and home to award winning public schools. While it is considered a beach community, it does not experience the influx of visitors that neighboring beach communities contend with. With the Silicon Beach spillover, the need for housing is at an all-time high, making multifamily assets in the area highly desirable. 311 W Palm Ave provides an investor the opportunity to own an investment property with strong income on a valuable piece of land in an "A" location.
* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.
311 W Palm Avenue, El Segundo, (MLS® #23244784)
Date | Details | Price | Change |
---|---|---|---|
Closed | $4,387,500 | – | |
Active Under Contract (from Active) | – | – | |
First Day Active | $4,595,000 | – |
Quick Summary of 311 W Palm Avenue: This 16 Bedroom/16 Bathroom home in El Segundo is priced at $4,595,000 ($627/PSF) . The 7,332 sqft. residence was originally built in 1970 and was listed on February 23rd, 2023 at $4,595,000, showing 42 Days on Market currently. Contact Dave Fratello today for more information or to go see 311 W Palm Avenue.
Based on information from California Regional Multiple Listing Service, Inc. as of May 5th, 2024 at 6:15pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.