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945 Main Street

El Segundo, 90245

0 Bd
0 Ba
6,702 Lot
$2,748,900 SOLD Price | Closed 2/1/24
Closed Status
35 Days on Market
Nov 7 First Day Active
$2,800,000 Start Price

Description

We 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.

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Property Details for 945 Main Street

Listing Details

Listing Advertised By
Dave Fratello, Edge(310) 243-6299|
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Listing Presented By
Christopher Van Vuuren
Listing Brokered By
Lyon Stahl Investment Real Estate, Inc.
Type
Residential Income, Apartment
Year Built
1977 (Assessor)
MLS Area
141 - El Segundo

Price and MLS Information

Status
Closed | Listing History
MLS Days on Mkt.
35 DOM
Combined DOM*
35
First Date Active
November 7th, 2023
Closing Date
February 1st, 2024
Sold Price
$2,748,900
Orig. List Price
$2,800,000
MLS® #
SB23206907
APN
4132018003
Special
Standard

Home Interior Information

Levels/Stories
Two

Room Information

Laundry
CommonArea

Exterior Information

Lot Description
Rectangular Lot
Lot Size (sq. ft.)
6,702
Lot Size (acres)
0.15
Pool
None
Parking Spaces
6

Utilities Information

Water Source
Public

Additional Information

Zoning
ESR3YY
Buyer's Brokerage Fee
2.000
Co-Agent
Brett Lyon
Co-Agent Office
Lyon Stahl Investment Real Estate, Inc.

* 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.

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Neighborhood Information

MLS Area
141 - El Segundo
City/State
El Segundo
Zip Code
90245
County
Los Angeles
# of Units
5
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Listing/Price History

945 Main Street, El Segundo, (MLS® #SB23206907)

Date Details Price Change
Closed $2,748,900
Pending (from Active)
First Day Active $2,800,000
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Listing Summary

Quick Summary of 945 Main Street: This home in El Segundo is priced at $2,800,000 . The Apartment residence was originally built in 1977 and was listed on November 7th, 2023 at $2,800,000, showing 35 Days on Market currently. Contact Dave Fratello today for more information or to go see 945 Main Street.

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Based on information from California Regional Multiple Listing Service, Inc. as of May 4th, 2024 at 9:31am 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.