221 Concord Street, El Segundo, 90245

Residential Income For Sale

$4,495,000

Beds
Baths
7,824Sqft
.13Acres
1912Built
44DOM
MLS® #: 19434096
Active, 44 Days on Market

The 2TwentyOne is a hotel/apartment building situated three blocks from downtown El Segundo. The city recognizes the property as a 31-room hotel, however, currently it is operated as a hybrid between an apartment building and a hotel, where 34 rooms are available nightly, weekly or monthly, depending on not only the needs of the clientele but also the seasonal demand. Considered to be one of the lowest costs apartment buildings or hotels anywhere in the area, the property is of high demand and enjoys a very high occupancy rate. Please note that all rooms utilize shared bathrooms that are available on each floor and the property is considered an SRO (single room occupancy). There are a variety of uses that a new owner could explore to optimize the highest income to expense ratio including:100% nightly rentals-Pure hotel operation100% monthly rentals-Pure apartment operationWeekly rentals could be considered. Hybrid operation-rent units nightly or monthly

Price & Status History

Date Details
Status Changed from Pending to Active
Status Changed from Active to Pending
Status Changed from Pending to Active
Status Changed from Active to Pending

Essential Information

MLS® #: 19434096
Price: $4,495,000
Square Footage: 7,824
Acres: 0.13
Year Built: 1912
Type: Residential Income
Status: Active

Community Information

Address: 221 Concord Street
County: Los Angeles
State: CA
Zip Code: 90245

Interior

# of Stories: 3

Exterior

Lot Description: Sprinklers None

Additional Information

Date Listed: February 13th, 2019
Days on Market: 44
Zoning: ESR3*

Listing Details

Listing Agent: Brent Sprenkle(01290116)
Listing Office: Berkadia

Financials

$/SqFt: $575

Welcome to this 0 bedroom 0 bath Residential Income in the El Segundo (141) section of El Segundo located at 221 Concord Street built in 1912. It is 0 square feet and the current asking price is $ 4,495,000.

Properties for Sale Similar to 221 Concord Street, El Segundo, CA

Based on information from California Regional Multiple Listing Service, Inc. as of May 23rd, 2019 at 4:19pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.