834 Penn Street is a well positioned 3 Unit building located on a quiet residential street in North El Segundo . Built in 1943, the 1,793 SF building sits on a 7,489 SF lot, and features (1) 2 bed/1 bath unit, and (2) 1 bed/1 bath units. (1) 1 Bed unit can be delivered vacant at COE, offering a new owner an immediate opportunity to bring to market rate. The private backyard offers ADU potential for an investor to maximize income from an additional unit. The building offers strong rental upside in a high demand area with a market cap of 3.38 %.
Given the ideal location in a desirable coastal city and consistent rental income this building provides, 834 Penn Street is a great opportunity to own a quality asset for any Los Angeles CRE investor or owner user.