$6,900,000Sold Price
13,608 Sqft
27,924 Sqft

1620 Maple Avenue, El Segundo, CA 90245

  • Commercial Sale Property Type
  • 1960 Year Built
Property Description

1620 Maple Ave is a remarkable 23-unit apartment building located in the desirable El Segundo submarket. This property features a diverse unit mix, including (1) 3-bed/2-bath house, (16) 1-bed/1-bath units, (2) 2-bed/1-bath units, and (4) studio units. Spanning 13,608 square feet on a generous 27,924 square foot lot, the building offers ample amenities, including a private swimming pool and a well-maintained shared outdoor patio complete with a BBQ and fire pit area. Sitting at a 4.31% CAP Rate and a Gross Rent Multiplier of 13.79, this property offers a strong financial investment opportunity. It is also part of the highly-regarded El Segundo Unified School District, adding additional appeal for families. Residents benefit from a dedicated parking lot with space for 23 cars, including 9 carports, and additional overflow parking is available for guests. Conveniently situated within walking distance to vibrant downtown El Segundo, tenants enjoy easy access to a variety of restaurants, shops, and more. With the beach and LAX just a short 10-minute drive away, 1620 Maple Ave combines a prime location with desirable amenities in one of the most desirable submarkets of the South Bay.

Basic Details
Commercial Sale
Other
Sold
CRPW24168324
$7,225,000
15
13,608 Sqft
1960
27,924 Sqft
0.64 Acre
Closed
Features
: Other
Public Sewer
: Other
Address Map
CA
Los Angeles
El Segundo
90245
Maple Avenue
1620
W119° 36' 6.1''
ESR3
E
Next to Washington Park
Additional Info
Lyon Stahl Investment Real Est
Woody Stahl
broker@lyonstahl.com
Sold
Public
For Sale
Price History
11/18/2024
$6,900,000
08/14/2024
$7,225,000
$0
Additional Information
13608
Listing Information
2024-11-18T22:57:56Z
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
BayEast
CR502367
CR8872456
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    Lakshmi Suneeta Chinta
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    Rajesh Chenna
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