924 Main Street, El Segundo, California 90245, El Segundo, 90245 - bed, bath
ACTIVE$2,999,000
924 Main Street, El Segundo, California 90245
0Bed
0Bath
5,656Sqft
5,435Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Center Street Elementary (9/10). High School: El Segundo High School (10/10).
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5435, other record lot size in square feet = 5362. Living area discrepancy between mls listing and other public or private record. mls listing living area = 5656, other record living area = 5514.
Compared to the nearby listings
Price:$3.00M vs avg $2.97M (+$32,000)50%
Size:5,656 sqft vs avg 5,468 sqft50%
Price/sqft:$530 vs avg $54350%
More Insights
Built in 1978 (47 years old).
Condition: Built in 1978, this property is over 40 years old. While described as 'well-maintained,' there's no indication of recent extensive renovations. The property analysis suggests potential future capital expenditures for system upgrades (plumbing, electrical, HVAC) and cosmetic renovations to maintain market competitiveness. The lack of interior images prevents a detailed assessment of kitchens and bathrooms, but given the age and general description, these are likely functional but outdated in style and features. The exterior appears neat but reflects its 1970s construction.
Year Built
1978
Close
-
List price
$3M
Original List price
$3M
Price/Sqft
$530
HOA
-
Days on market
-
Sold On
-
MLS number
SB25251710
Home ConditionFair
Features
View-
About this home
Excellent investment opportunity in a prime location blocks away from restaurants, parks, and local businesses. This well-maintained five-unit apartment building features a townhome-style layout, providing the benefit of no neighbors above or below. The property consists of an owner's unit with 3 bedrooms and 2.5 bathrooms. Additionally there is a 2 bedroom unit with 2.5 bathrooms, and three 1 bedroom and 1.5 baths units. Every unit includes its own private garage. A shared laundry room is available on-site for resident convenience. This property presents strong rental potential in a highly desirable location. Owner's unit will be delivered vacant.
Nearby schools
9/10
Richmond Street Elementary School
Public,•K-5•0.4mi
9/10
Center Street Elementary
Public,•K-5•0.7mi
8/10
El Segundo Middle School
Public,•6-8•0.9mi
10/10
El Segundo High School
Public,•9-12•0.4mi
Price History
Date
Event
Price
10/27/23
Sold
$2,500,000
Condition Rating
Fair
Built in 1978, this property is over 40 years old. While described as 'well-maintained,' there's no indication of recent extensive renovations. The property analysis suggests potential future capital expenditures for system upgrades (plumbing, electrical, HVAC) and cosmetic renovations to maintain market competitiveness. The lack of interior images prevents a detailed assessment of kitchens and bathrooms, but given the age and general description, these are likely functional but outdated in style and features. The exterior appears neat but reflects its 1970s construction.
Pros & Cons
Pros
Great Schools: Elementary School: Center Street Elementary (9/10). High School: El Segundo High School (10/10).
Exceptional Location & Amenities: Situated in a highly desirable El Segundo neighborhood, offering immediate access to restaurants, parks, local businesses, and top-rated schools, enhancing tenant appeal and property value.
Robust Investment & Rental Potential: Positioned as an 'excellent investment opportunity' with 'strong rental potential' due to its multi-unit structure and prime location in a sought-after market.
Diverse Unit Mix & Layout: A five-unit building featuring a desirable mix of 1, 2, and 3-bedroom townhome-style units, appealing to a broad range of tenants by offering privacy (no neighbors above/below).
Premium Tenant Amenities: Each unit benefits from its own private garage, a significant draw for tenants, complemented by a shared on-site laundry facility for convenience.
Immediate Owner Flexibility: The owner's unit will be delivered vacant, providing the new owner with immediate options for owner-occupancy or maximizing rental income from day one.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5435, other record lot size in square feet = 5362. Living area discrepancy between mls listing and other public or private record. mls listing living area = 5656, other record living area = 5514.
Building Age & Potential Capital Expenditures: Constructed in 1978, the property is over four decades old. While described as 'well-maintained,' it may require future capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) or cosmetic renovations to maintain market competitiveness.
Shared Laundry Facility: While convenient, the absence of in-unit laundry facilities in each apartment could be a minor drawback for some prospective tenants seeking modern amenities.
Aggressive Price Appreciation: The current list price of $2.999M represents a substantial increase from the $2.5M sale in October 2023, suggesting a rapid appreciation that warrants careful due diligence on market comparables and any recent property improvements.