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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.
- MLS® #19465080
- Square Footage3,000
- Year Built1954
- TypeResidential Income
- Parking Spaces5
- Date ListedMay 9th, 2019
- Days on Market38
- Address308 Standard St
- AreaEl Segundo (141)
- CityEl Segundo
- CountyLos Angeles
- Zip Code90245
- Interior FeaturesOther
- Listing AgentDavid Harrington(01320460)
- Listing OfficeMatthews Real Estate Investment Services
Price Change History for 308 Standard St, El Segundo, CA (MLS® #19465080)
|Price Reduced (from $2,279,000)||$2,149,900||$129,100 (5.66%)|
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CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).
Last updated on June 16th, 2019 at 9:31am PDT