$3,950,000
$3,995,000
1.1%For more information regarding the value of a property, please contact us for a free consultation.
6,960 Sqft Lot
SOLD DATE : 04/26/2022
Key Details
Sold Price $3,950,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21108341
Sold Date 04/26/22
HOA Y/N No
Year Built 1988
Lot Size 6,960 Sqft
Property Description
REDUCED PRICE: $3,995,000 (motivated seller). Matthews is pleased to present 526 Illinois Street, a 7,635 square foot, 6-unit apartment building located in El Segundo. Built-in 1988, this condo-quality asset sits on an R3-zoned, 6,962 square foot lot located just 1.5 miles from the Pacific Ocean. The building is comprised of two-story townhome units: (3)two-bed/two-bath, (2) three-bed/two-bath, and (1) oversized studio units (non-conforming). The property offers tenants a gated, subterranean parking garage with 11 spaces total, as well as a washer/dryer and individual waters heaters in each unit. All units have been fully upgraded and include a balcony, private patio, fireplace, and office. Additionally, the exterior has been fully remodeled, and the roof is only around 5 years old. With strong in-place rents, 526 Illinois offers investors cash-flowing trophy assets in a truly irreplaceable South Bay Los Angeles location. ***5 UNITS PLUS 1 NON-CONFORMING STUDIO UNIT
Location
State CA
County Los Angeles
Area 141 - El Segundo
Zoning ESR3YY
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Garage
Garage Spaces 11.0
Garage Description 11.0
Total Parking Spaces 11
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 4139025050
Special Listing Condition Standard
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Bought with Daniel Withers • Matthews Real Estate Investment Services