945 Main St, El Segundo, CA 90245

945 Main St, El Segundo, CA 90245

El Segundo, CA

Property Description

We are pleased to present the opportunity to acquire 945 Main Street, a 5-unit apartment complex. The property is centrally located with proximity to major employment centers, transportation hubs, and recreational amenities. This prime asset offers a compelling blend of stability and growth potential. Situated in the heart of El Segundo, 945 Main Street benefits from a strong rental market, historically low vacancy rates, and a well-maintained property. The subject property is comprised of two buildings totaling 5,012sf and is situated on a 6,700sf lot with an attractive unit mix of (2) one-bed/one-bath (1) 3-bed 2-bath (1)2-bed/1-bath and (1) 2-bed/1.5-bath townhouse style unit. Three (3) of the units will be delivered rent ready providing the investors the opportunity to screen their tenants and immediately mark rents to market. There are six (6) dedicated carports as well as an on-site laundry facility for the tenant’s convenience. Both roofs were replaced less than 5 years ago and much of the plumbing and the sewer has been replaced bolstering the property’s long-term durability. 945 Main Street is not just an investment; it’s an opportunity to participate in a thriving community and capitalize on the live- work-play environment that this location uniquely offers. With its strategic positioning, this property allows you to tap into the steady demand for housing driven by nearby employment hubs while enjoying the coastal lifestyle that makes El Segundo a sought-after destination. As an investor, you’ll benefit from the property’s consistent rental income, potential for value appreciation, and the long-term stability provided by this dynamic and resilient market. Don’t miss out on the chance to be part of the success story that is El Segundo’s real estate market and the countless advantages it can bring to your investment portfolio.

Property Features

  • Sale Price: $2,800,000
  • Area Size: 5,012 Sq. Ft.
  • Land Area: 6,702 Sq. Ft.
  • Year Built: 1977
  • Listing Date: 11/8/2023
  • Closing Date: 2/1/2024
  • Units: 5
  • Current GRM: 16.78
  • Current Cap Rate: 4.03%
  • Price Per Unit: $560,000
  • Market GRM: 15.21
  • Market Cap Rate: 4.73%
  • Current NOI: $112,975