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526 Illinois St

El Segundo, CA 90245
  • $3,995,000
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: 21-108341
Price Reduced
UPDATED: 45 min ago
$3,995,000
  • 12
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,635
    SQFT
  • $523
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1988
County:
Area:

School Ratings & Info

Description

REDUCED PRICE: $3,995,000 (motivated seller). Matthews is pleased to present 526 Illinois Street, a 7,635 square foot, 6-unit apartment building located in El Segundo. Built-in 1988, this condo-quality asset sits on an R3-zoned, 6,962 square foot lot located just 1.5 miles from the Pacific Ocean. The building is comprised of two-story townhome units: (3)two-bed/two-bath, (2) three-bed/two-bath, and (1) oversized studio units (non-conforming). The property offers tenants a gated, subterranean parking garage with 11 spaces total, as well as a washer/dryer and individual waters heaters in each unit. All units have been fully upgraded and include a balcony, private patio, fireplace, and office. Additionally, the exterior has been fully remodeled, and the roof is only around 5 years old. With strong in-place rents, 526 Illinois offers investors cash-flowing trophy assets in a truly irreplaceable South Bay Los Angeles location. ***5 UNITS PLUS 1 NON-CONFORMING STUDIO UNIT

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-19T17:42:54.93. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.desertarealuxuryhomes.com/homes/123608097
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526 Illinois St El Segundo, CA 90245

  • Price: $3,995,000
  • Status: Active
  • On Site: 50 Days
  • Updated: 45 min ago
  • MLS #: 21-108341
12
Beds
0
Baths
0
½ Baths
0.16
Acres
7,635
SQFT
$523
$/SQFT
1988
Built
Neighborhood:
El Segundo
County:
Los Angeles
Area:
El Segundo
Property Description
REDUCED PRICE: $3,995,000 (motivated seller). Matthews is pleased to present 526 Illinois Street, a 7,635 square foot, 6-unit apartment building located in El Segundo. Built-in 1988, this condo-quality asset sits on an R3-zoned, 6,962 square foot lot located just 1.5 miles from the Pacific Ocean. The building is comprised of two-story townhome units: (3)two-bed/two-bath, (2) three-bed/two-bath, and (1) oversized studio units (non-conforming). The property offers tenants a gated, subterranean parking garage with 11 spaces total, as well as a washer/dryer and individual waters heaters in each unit. All units have been fully upgraded and include a balcony, private patio, fireplace, and office. Additionally, the exterior has been fully remodeled, and the roof is only around 5 years old. With strong in-place rents, 526 Illinois offers investors cash-flowing trophy assets in a truly irreplaceable South Bay Los Angeles location. ***5 UNITS PLUS 1 NON-CONFORMING STUDIO UNIT
Exterior Features

Lot Size Area 6963 Other Structures None Parking Garage Garage Total Parking 11

Interior Features

Baths Total 10.00 Cooling None Equipment None Heating None Laundry In Unit

Property Features

Assessed Total Value 3575000 Gross Income 215964 Gross Operating Income 211903 Like Units1 1 Like Units2 3 Like Units3 2 Net Operating Income 141592.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 67893 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Esr3yy

Listing provided courtesy of Daniel Withers DRE#01325901 of Matthews Real Estate Investment Services.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-19T17:42:54.93. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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