137 Arena Street, El Segundo, California 90245, El Segundo, 90245 - 3 bed, 3 bath
Loading property details...
El Segundo, California 90245
This Versatile Creative Income Triplex is listed at $1,926,500, representing a strategic asset within the Smoky Hollow Specific Plan. Positioned near its $1,845,455 Fair Market Value, the property’s value is anchored by Flexible SHSP Zoning, allowing for creative offices or live/work environments. With a Condition Rating of 3, the interior features modern kitchenettes and updated flooring, complemented by a private patio. Located in the prestigious El Segundo Unified District with a 10/10 High School and 9/10 Elementary Schools, this property is ideal for Creative Professionals or Owner-Users seeking a high-utility hybrid space.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 137 Arena Street Subject | $1,926,500* List Price | 3 | 3 | 1,840 | $1,003 | - |
A 742 Loma Vista Street Sold | $1,750,000 | 5 | 3 | 2,048 | $854 | 0.8 mi |
B 848 Penn Street Sold | $1,650,000 | 0 | 0 | 1,793 | $920 | 0.8 mi |
C 622 Sheldon Sold | $1,781,000 | 0 | 0 | 1,793 | $993 | 0.5 mi |
D 412 Richmond Street Active | $1,650,000 List Price | 0 | 0 | 1,680 | $982 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and shows evidence of significant interior updates despite its 1949 construction. Interior features include updated hardwood-style flooring, recessed lighting, and modern cabinetry in the kitchenettes. While some components like window AC units and the exterior facade reflect its age, the overall condition is well-maintained with functional systems and contemporary finishes in the living and workspaces.
Elementary School: Center Street Elementary (9/10). High School: El Segundo High School (10/10).
Located in the Smoky Hollow Specific Plan area, the property offers versatile zoning for creative offices, live/work spaces, or boutique studios, providing exceptional investment and owner-user potential.
The three-unit configuration, each featuring a private bathroom and kitchenette, allows for immediate multi-tenant occupancy or a seamless hybrid residential-workspace setup.
Originally constructed in 1949, the building may require substantial capital improvements or modernization to meet the standards of contemporary creative office environments.
Currently classified as an office building but marketed as residential income, buyers may face regulatory hurdles or specific permitting requirements when navigating the transition between commercial and residential uses.
Located within the highly sought-after Smoky Hollow Specific Plan (SHSP) area of El Segundo, this versatile three-unit property presents a rare opportunity for investors, owner-users, or creative professionals. Currently classified as an office building, the property benefits from the flexible SHSP zoning, allowing for a variety of uses including live/work spaces or creative office environments. Each unit is thoughtfully designed with its own full bathroom, kitchenette, and adaptable live/work layout, providing functionality and convenience for a wide range of occupants. The property's configuration makes it ideal for multi-tenant use, boutique creative studios, or a hybrid residential and workspace setting. Positioned in one of El Segundo's most dynamic and evolving districts, this property offers exceptional potential to capitalize on the area's continued growth and demand for innovative, mixed-use spaces.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,840 | 1,840 | 50% |
| Lot Size | 5,724 | 5,363 | 60% |
| Price | $1.93M | $1.65M | 80% |
| Price per sq ft | $1.0K | $916 | 80% |
| Built year | 1949 | 1955 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 135 | 20% |
Apr 2, 2026
$1,926,500
Initial Listing
Mar 31, 2026
$192,650
Initial Listing
Nov 20, 2002
$325,000
Public Record