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1034 E Imperial Ave

El Segundo, CA 90245

$2,350,000

Apartments For Sale  •  3,974 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 3,974 Sq Ft
  • Lot Size 0.14 ac
  • Building Class C
  • Year Built 1956
  • Cap Rate 2.93 %
  • Zoning ESR3YY
33 Transit Score
46 Walk Score

Description

Rare opportunity to purchase two adjacent six-unit buildings. Each building has 2 -two bedrooms and 4- one bedroom units. All units completely remodeled with new doors, flooring and double paned windows. Laundry facility on the premises and enclosed parking. Non-rent controlled beach city. Very well-maintained buildings less than two miles from the Pacific Ocean. Highly desirable beach community, close to schools, retail shops, restaurants, parks and the beach! Strong Capitalization on Future Income with Strong Year-to-Year Appreciation.

Highlights

Two 6 unit properties for Sale in El Segundo
PLEASE NOTE: BOTH PROPERTIES TO BE PURCHASED TOGETHER
2 Miles from the beach
All Units have been updated and remodeled
Excellent South Bay Location
Located near major freeways for easy access to other parts of Los Angeles

Property Flyers

Financial Summary (Actual)

Net Operating Income: $73,132 (2017)
Cap Rate: 2.93 %
Total Expenses: $36,862

Public Transportation

AirportDriveWalkDistance
Los Angeles International Airport 8 min - 2.8 mi
Long Beach-Daugherty Field Airport 22 min - 19.9 mi
Bob Hope Airport 37 min - 30.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Covered
Included in Rent: Yes
Bill Ruane 310-877-2374 RE/MAX Commercial
Bill Ruane 310-877-2374 RE/MAX Commercial