945 Main St

El Segundo, CA 90245

$2,748,900
Last Sold Price
9
Beds
7
Baths
5,012 Sq. Ft.
$548 / Sq. Ft.
5,012
Sq. Ft.
$548
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 2/1/24
Closed 2/1/24
a front view of a house with a yard

Description

We are pleased to present the opportunity to acquire 945 Main Street, a 5-unit apartment complex. The property is centrally located with proximity to major employment centers, transportation hubs, and recreational amenities. This prime asset offers a compelling blend of stability and growth potential. Situated in the heart of El Segundo, 945 Main Street benefits from a strong rental market, historically low vacancy rates, and a well-maintained property. The subject property is comprised of two buildings...We are pleased to present the opportunity to acquire 945 Main Street, a 5-unit apartment complex. The property is centrally located with proximity to major employment centers, transportation hubs, and recreational amenities. This prime asset offers a compelling blend of stability and growth potential. Situated in the heart of El Segundo, 945 Main Street benefits from a strong rental market, historically low vacancy rates, and a well-maintained property. The subject property is comprised of two buildings totaling 5,012sf and is situated on a 6,700sf lot with an attractive unit mix of (2)
one-bed/one-bath (1) 3-bed 2-bath (1)2-bed/1-bath and (1) 2-bed/1.5-bath townhouse style unit. Three (3) of the units will be
delivered rent ready providing the investors the opportunity to screen their tenants and immediately mark rents to market. There
are six (6) dedicated carports as well as an on-site laundry facility for the tenant's convenience. Both roofs were replaced less
than 5 years ago and much of the plumbing and the sewer has been replaced bolstering the property’s long-term durability.
945 Main Street is not just an investment; it's an opportunity to participate in a thriving community and capitalize on the live-
work-play environment that this location uniquely offers. With its strategic positioning, this property allows you to tap into the
steady demand for housing driven by nearby employment hubs while enjoying the coastal lifestyle that makes El Segundo a
sought-after destination. As an investor, you'll benefit from the property's consistent rental income, potential for value
appreciation, and the long-term stability provided by this dynamic and resilient market. Don't miss out on the chance to be part
of the success story that is El Segundo's real estate market and the countless advantages it can bring to your investment
portfolio.
  1. Listed by Christopher Van Vuuren • DRE #02060007 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 714-655-0098
  2. Listed by Brett Lyon • DRE #01717818 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 945 Main Street

Parking Spaces Total
6
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5012
Assessor Parcel Number
4132-018-003
Property Attached YN
true
LISTING UPDATED: 02/01/2024 09:05 AM

Property Details for 945 Main Street

StatusClosed
MLS #SB23206907
Days on Market35
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1977
CountyLos Angeles County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Christopher Van Vuuren, DRE #02060007; Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818

Sold By NONMEMBER MRML, General NONMEMBER, DRE #00672435

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Building Information for 945 Main Street

Building/Complex945 Main StFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1977Building Size-

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$16,521 per month

30 year fixed, 6.46% Interest

Principal and Interest

$13,842

Property Taxes

$2,679

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 945 Main Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, See Remarks
Income / Expense / Tax Details
Income Details
  • Gross Income: $171,360
  • Gross Scheduled Income: $171,360
  • Vacancy Allowance: 5006
  • Gross Operating Income: $166,354
  • Net Operating Income: $112,975
  • Number Of Rented Garages: 0
  • Garage Income: $300
  • Laundry Income: $75
  • Financing: Cash
Expense Details
  • Operating Expense: $53,379
  • New Taxes Expense: $31,766
  • Gardener Expense: $1,200
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,759
  • Maintenance Expense: $3,750
  • Professional Management Expense: $6,654
  • Trash Expense: $0
  • Water Sewer Expense: $5,000
  • Total Expenses: $53,379
Tax / Assessment Info
  • Tax Tract Number: 3690
  • Tax Census Tract: 6201.01
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 3
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: Ground
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Carport
  • Parking Garage Spaces: 0
  • Carport Spaces: 6
  • Parking Features: Carport
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,150
  • Unit Type Total Rent: $3,150
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,450
  • Unit Type Total Rent: $2,450
  • Unit Type Pro Forma: 2450
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,450
  • Unit Type Total Rent: $2,450
  • Unit Type Pro Forma: 2450
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,495
  • Unit Type Total Rent: $3,495
  • Unit Type Pro Forma: 3495
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,360
  • Unit Type Total Rent: $2,360
  • Unit Type Pro Forma: 2950
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 945 Main Street

DateEvent & SourcePriceAppreciation
Feb 1, 2024

Sold

SDMLS #SB23206907

$2,748,900—
Feb 1, 2024

Sold

CLAW #SB23206907MR

$2,748,900—
Feb 1, 2024

Sold

CRMLS #SB23206907

$2,748,900—
DateEvent & SourcePrice
02/01/2024

Sold

SDMLS #SB23206907

$2,748,900
02/01/2024

Sold

CLAW #SB23206907MR

$2,748,900
02/01/2024

Sold

CRMLS #SB23206907

$2,748,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 945 Main Street

Taxable ValueLand$2,448,000Additions$355,980Total$2,803,980
Tax Record2025$32,149 ($2,679 / month)
Home Facts
Total Finished SqFt5,012 SqFtAbove Grade Finished SqFt5,012 SqFtLot Size6,700 SqFtStyleMulti-Family Res (5+ Units)Year Built1969ZoningESR3YYCountyLOS ANGELESAPN4132-018-003

Schools near 945 Main Street

This home is within El Segundo Unified School District.
Rating
School
Type
Grades
Distance
Richmond Street Elementary School
Public - K to 5
El Segundo Middle School
Public - 6 to 8
El Segundo High School
Public - 9 to 12
Arena High (Continuation) School
Public - 9 to 12
Rating
School
Distance
Richmond Street Elementary School
PublicK to 5

El Segundo Middle School
Public6 to 8

El Segundo High School
Public9 to 12

Arena High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Christopher Van Vuuren, DRE #02060007; Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.