842 Penn Street, El Segundo, California 90245, El Segundo, 90245 - 0 bed, 0 bath
Loading property details...
El Segundo, California 90245
This Turnkey Residential Income Triplex is a Strong Value Opportunity listed at $1,699,000—positioned below the $1,713,102 Fair Market Value by 1%. This valuation provides $14,102 in Instant Equity. Featuring a Condition Rating of 3, the property occupies a generous 7,268 sq ft R2 Lot within the prestigious El Segundo Unified School District, boasting schools rated up to 10/10. With steady rental history and immediate upside, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-demand coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 842 Penn Street Subject | $1,699,000* List Price | 0 | 0 | 1,793 | $955 | - |
A 848 Penn Street Sold | $1,650,000 | 0 | 0 | 1,793 | $920 | 0.0 mi |
B 622 Sheldon Sold | $1,781,000 | 0 | 0 | 1,793 | $993 | 0.3 mi |
C 742 Loma Vista Street Sold | $1,750,000 | 5 | 3 | 2,048 | $854 | 0.7 mi |
D 536 W Maple Avenue Sold | $1,510,000 | 0 | 0 | 1,648 | $916 | 0.7 mi |
E 412 Richmond Street Active | $1,650,000 List Price | 0 | 0 | 1,680 | $982 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1943, the property is described as a 'turnkey' triplex that is 'well-maintained' with a history of steady rental income. The exterior image shows updated vinyl windows, fresh paint, and tidy landscaping, suggesting that while the infrastructure is aged, the units have been updated or maintained to a move-in ready standard suitable for immediate occupancy.
Elementary School: Center Street Elementary (9/10). High School: El Segundo High School (10/10).
This turnkey triplex offers immediate rental upside in a high-demand market, supported by a history of steady and reliable income across three units.
The property is located within the prestigious El Segundo Unified School District, with proximity to top-rated schools scoring between 8 and 10, ensuring long-term tenant desirability.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7330, other record lot size in square feet = 7269.
Originally constructed in 1943, the property may require more frequent maintenance or capital expenditures to update aging systems compared to modern multi-family builds.
With only 1,793 total square feet divided among three units, the individual living spaces are relatively small, which may limit the tenant pool to individuals or couples.
Nestled in a quiet El Segundo neighborhood, this well-maintained triplex sits on a 7,268 sq ft R2 lot and offers strong income potential. The property features three units: two 1-bed/1-bath units and one 2-bed/1-bath unit. The property has a history of steady and reliable rental income. This is a rare chance to invest in a turnkey property with immediate upside potential.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades 6-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,793 | 1,793 | 50% |
| Lot Size | 7,330 | 5,363 | 80% |
| Price | $1.70M | $1.65M | 60% |
| Price per sq ft | $948 | $916 | 80% |
| Built year | 1943 | 1955 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 135 | 20% |
Apr 4, 2026
$1,699,000
Initial Listing
Mar 30, 2021
$1,530,000
Public Record