308 Standard Street

    El Segundo, CA 90245
    • $2,149,900
    • STATUS: Active
    • ON SITE: 45 days
    • ID#: 19465080
    UPDATED: 111 min ago
    $2,149,900
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,000
      SQFT
    • $717
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    This is an opportunity for an investor or owner-user to purchase a 4-unit property in the heart of El Segundo This turn-key investment allows for an owner to live in one unit and enjoy the top of the market rental income from the other. This opportunity also allows for a potential investor to obtain residential financing. The building consists of (1) two bedroom/two-bathroom owner's unit and (3)one bedroom/one-bathroom units with private washer and dryer hookups. A buyer can capitalize on the tight rental market and rents in this neighborhood by implementing a strategic unit interior renovation plan, which will upgrade the units and allow the buyer to command top of the market rents. Rents at the high end of the range result in 21% upside. With the Silicon Beach spillover, the need for housing is at an all-time high, making multifamily assets highly desirable. 308 Standard Street provides an opportunity to own a valuable piece of land in a prime El Segundo location.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T00:36:54.86. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/94638023

    308 Standard Street El Segundo, CA 90245

    • Price: $2,149,900
    • Status: Active
    • Updated: 111 min ago
    • ID#: 19465080
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,000
    SQFT
    $717
    $/SQFT
    1954
    Built
    Neighborhood:
    141 - El Segundo
    County:
    Los Angeles
    Area:
    141 - El Segundo
    Property Description
    This is an opportunity for an investor or owner-user to purchase a 4-unit property in the heart of El Segundo This turn-key investment allows for an owner to live in one unit and enjoy the top of the market rental income from the other. This opportunity also allows for a potential investor to obtain residential financing. The building consists of (1) two bedroom/two-bathroom owner's unit and (3)one bedroom/one-bathroom units with private washer and dryer hookups. A buyer can capitalize on the tight rental market and rents in this neighborhood by implementing a strategic unit interior renovation plan, which will upgrade the units and allow the buyer to command top of the market rents. Rents at the high end of the range result in 21% upside. With the Silicon Beach spillover, the need for housing is at an all-time high, making multifamily assets highly desirable. 308 Standard Street provides an opportunity to own a valuable piece of land in a prime El Segundo location.
    Exterior Features

    Lot Size Units Square Feet Parking Features Garage Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Gross Multiplier 23.16 Gross Operating Income 95448.00 Improvements Amount 360309 Land Value 1080939 Laundry YN Yes Net Operating Income 62773.00 Special Listing Conditions Standard Total Expenses 32675.00 Zoning Esr3*

    Listing provided courtesy of David Harrington of Matthews Real Estate Investmen


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T00:36:54.86. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024