(SOLD) 321 W El Segundo Blvd $3,995,000 ($3,925,000)

This property listing was sold for $3,925,000 on 12/28/18.

Upside in rent! Estimated 4.10% Cap and 16.56 Grm on market rents. 321 W El Segundo is a remodeled six-unit apartment building that sits on the edge of the rapidly growing Smokey Hollow section of El Segundo.  From this property tenants are able to walk to restaurants, coffee shops and breweries off Main Street or hop on a bike for a 5-minute ride to the beach.  The building contains five, 3 bed 2 baths units and one, 2 bed 2 bath unit. Each unit comes with a private patio. There is a total of eight garage parking spaces and four additional uncovered parking spaces.  This building has a separate laundry room. As units have turned over they have received varying degrees of remodel work. Most received a stylish renovation with shaker white cabinets, quartz or granite countertops, new laminate flooring, new stainless steel appliances, new shower and subway bath tile. The exterior is also updated with a smooth stucco finish in the front and reclaimed barnwood siding. New windows, railings and sliding doors were installed on every unit. There is also new copper piping throughout!