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  • Price$2,149,900
  • Beds5
  • Baths5
  • Sq. Ft.3,000
  • Built1954

308 Standard St, El Segundo

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.

Essential Information

  • MLS® #19465080
  • Price$2,149,900
  • Bedrooms5
  • Bathrooms5.00
  • Square Footage3,000
  • Acres0.00
  • Year Built1954
  • TypeResidential Income
  • Sub-TypeFourplex
  • StatusActive

Amenities

  • Parking Spaces5
  • ParkingGarage

Additional Information

  • Date ListedMay 9th, 2019
  • Days on Market38
  • ZoningESR3*

Community Information

  • Address308 Standard St
  • AreaEl Segundo (141)
  • CityEl Segundo
  • CountyLos Angeles
  • StateCA
  • Zip Code90245

Interior

  • Interior FeaturesOther
  • HeatingOther
  • CoolingOther

Listing Details

  • Listing AgentDavid Harrington(01320460)
  • Listing OfficeMatthews Real Estate Investment Services

Price Change History for 308 Standard St, El Segundo, CA (MLS® #19465080)

Date Details Price Change
Price Reduced (from $2,279,000) $2,149,900 $129,100 (5.66%)
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Last updated on June 16th, 2019 at 9:31am PDT