407 Richmond St, El Segundo, CA 90245

407 Richmond St, El Segundo, CA 90245

El Segundo, CA
$2,463,975

Property Description

407 Richmond St presents a rare investment opportunity in the best part of El Segundo. 2 blocks from Main St and Grand Ave, the hub of downtown, tenants enjoy proximity to the shops and restaurants, while also being in close proximity to top-rated El Segundo High, El Segundo Parks and Recreation, and the Public Library. El Segundo is home to more Fortune 500 companies in California outside of San Francisco. Prospective tenants are never in short supply in this Silicon Beach community given the convenience to the ocean, LAX, and several freeways (105, 405, 110, 10) that connect it everything Los Angeles offers.

Property Features

  • Sale Price: $2,463,975
  • Area Size: 3,728 SF
  • Land Area: 6,999 SF
  • Year Built: 1940 & 1972
  • Listing Date: February 22, 2022
  • Closing Date: April 28, 2022
  • Units: 4
  • Current GRM: 18.74
  • Current Cap Rate: 3.28%
  • Market GRM: 16.58
  • Market Cap Rate: 3.92%