945-947 Main St, El Segundo, CA 90245

945-947 Main St, El Segundo, CA 90245

El Segundo, CA
$2,795,000

Property Description

945-947 Main St in El Segundo is well maintained 2-building, 5-unit multifamily property that has been proudly owned by the same family for three generations. The two structures total 5,012 sq. ft. and are situated on a 6,700 sq. ft. lot, boasting an attractive unit mix of two (2) 1 bed/1 bath, one (1) 2 bed/1 bath, one (1) 2 bed/1.5 bath townhome style, and one (1) 3 bed/2 bath units. There are 6 dedicated carports for the building on premises and an onsite laundry facility for the tenants’ convenience. Roofs on both buildings were replaced in 2019, and much of the sewer/plumbing has been replaced.
Just a mile from the beach and in close proximity to the 105 and 405 freeways, tenants enjoy the convenience to both work and play. El Segundo is a close knit, family-oriented community, and home to award winning public schools. While it is considered a beach community, it does not experience the influx of visitors that neighboring beach communities deal with. El Segundo has seen a recent revitalization of local landmarks and continued growth in its multi-family market.
El Segundo is home to more Fortune 500 companies than any other city in California outside of San Francisco. Aerospace companies include Boeing, Raytheon, Lockheed Martin, Northrop Grumman, and The Aerospace Corporation. Mattel, the world’s largest toy manufacturer, and DirecTV, the country’s largest satellite television operator, also have offices in El Segundo. Other large employers nearby include Chevron, SpaceX and the Los Angeles International Airport.
945-947 Main St provides the opportunity to own an “A” class asset on a valuable piece of land in the prime city of El Segundo.

Property Features

  • Sale Price: $2,795,000
  • Area Size: 6,700 SF
  • Year Built: 1969
  • Listing Date: July 7, 2021
  • Units: 5
  • Current GRM: 18.28
  • Current Cap Rate: 3.60%
  • Market GRM: 17.13
  • Market Cap Rate: 3.91%

Lyon Stahl Investment Real Estate

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