308 STANDARD Street, El Segundo, CA 90245

$2,279,000
3,000
SqFt
List Price
$2,279,000
Status
ACTIVE
MLS#
19465080
Year Built
1954
Living Sq. Ft
3,000
Lot Size
7,003
Acres
0.1608
Days on Market
12
Property Type
Multifamily

Property Description

This is an opportunity for an investor or owner-user to purchase a 4-unit property in the heart of El Segundo This turn-key investment allows for an owner to live in one unit and enjoy the top of the market rental income from the other. This opportunity also allows for a potential investor to obtain residential financing. The building consists of (1) two bedroom/two-bathroom owner's unit and (3)one bedroom/one-bathroom units with private washer and dryer hookups. A buyer can capitalize on the tight rental market and rents in this neighborhood by implementing a strategic unit interior renovation plan, which will upgrade the units and allow the buyer to command top of the market rents. Rents at the high end of the range result in 21% upside. With the Silicon Beach spillover, the need for housing is at an all-time high, making multifamily assets highly desirable. 308 Standard Street provides an opportunity to own a valuable piece of land in a prime El Segundo location.

Additional Information

Cooling
Yes
Cooling Description
See Remarks
Total Number of Units
4

Mortgage Calculator

Amount of Loan
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of David Harrington from Matthews Real Estate Investmen

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.