308 Standard Street, El Segundo, 90245

Residential Income For Sale

$2,279,000

Beds
Baths
3,000Sqft
.16Acres
1954Built
12DOM
MLS® #: 19465080
Active, 12 Days on Market

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: $2,279,000
Square Footage: 3,000
Acres: 0.16
Year Built: 1954
Type: Residential Income
Status: Active

Community Information

Address: 308 Standard Street
County: Los Angeles
State: CA
Zip Code: 90245

Interior

Cooling: See Remarks

Additional Information

Date Listed: May 9th, 2019
Days on Market: 12
Zoning: ESR3*

Listing Details

Listing Agent: David Harrington(01320460)
Listing Office: Matthews Real Estate Investmen

Financials

$/SqFt: $760

Welcome to this 0 bedroom 0 bath Residential Income in the El Segundo (141) section of El Segundo located at 308 Standard Street built in 1954. It is 0 square feet and the current asking price is $ 2,279,000.

Properties for Sale Similar to 308 Standard Street, El Segundo, CA

Based on information from California Regional Multiple Listing Service, Inc. as of May 22nd, 2019 at 1:23pm 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.