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1629 E Maple, El Segundo, CA 90245

  • $2,799,000

  • bed

  • bath

Multi-family for sale 22 hours
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About 1629 E Maple

Property type Multi-family
Neighborhood
Year built 1953
HOA fee $0/month
Lot size 6,807 Sqft
Movoto estimate
Rental estimate
Property description
1629 Maple Ave is a well-maintained 6-unit apartment building located adjacent to Constitution Park in the highly desirable El Segundo submarket. The property features an attractive unit mix of six 2-bedroom/1-bath units totaling approximately 4,032 square feet on a 6,807 square foot lot. The asset offers strong in-place income with a 4.91% current CAP rate and additional upside to a projected 5.76% market CAP rate. The property includes carport parking for six vehicles, shared on-site laundry facilities, and recent capital improvements including a new electrical main panel with new subpanels installed in all units. Two of the units have also been upgraded with built-in washer/dryer systems and tankless water heaters, enhancing tenant appeal and operational efficiency. In addition to the existing improvements, the property offers attractive future upside through a potential ADU opportunity. Ownership has had an architect verify the feasibility of constructing two additional units above the rear carports, offering investors the ability to further increase income and long-term value (buyer to verify). Ideally situated approximately one mile from Downtown El Segundo and less than a 10-minute drive to the beach and LAX, 1629 Maple Ave benefits from one of the South Bay’s most desirable rental locations with convenient access to major employment hubs, dining, retail, and entertainment amenities.
Listed by
Listing Agent - Woody Stahl
Listing Agent Contact: Broker@lyonstahl.com
Listing Office - Lyon Stahl Investment Real Est
Source: CRMLS mls logo
MLS#PW26103081 • last updated 1 day ago
Movoto checked CRMLS for data 4 minutes ago
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Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Active
Lot Size (Acres) 0.1563
Lot Size (SqFt) 6807
Year Built 1953
Interior
Laundry Community
Exterior
Building Area Square Feet, 4032
Parking Detached Carport
# Carport Spaces 6
# Parking Spaces 6
Lot Description 6-10 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Biking, Dog Park
Directions Near The Corner Of E Maple Ave And Washington St In El Segundo
APN 4139017013
Multifamily Details
Vacancy Allowance 6085
Operating Expense 59224
Cap Rate 4.91
Expense: Insurance 7000
Total Expenses 59224
Expense: Maintenance 6085
Gross Operating Income 196759
Gross Multiplier 13.8
Gross Scheduled Income 202844
Expense: Gardener 1200
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  • Real Estate
  • CA
  • Los Angeles County
  • El Segundo
  • 90245
  • 1629 E Maple

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