311 West Palm Avenue
311 West Palm Avenue
$4,387,500
16
16
7,332
7,332
$598
Sold 5/31/23
Description
311 West Palm Avenue in El Segundo is an 8-unit apartment building located in the heart of El Segundo. The 7,332 sq. ft. building situated on a 8,375 sq. ft. lot and boasts an attractive unit mix of one (1) 1 bed/1 bath and (7) 2 bed/1.5 bath units, all townhome style. There are 10 dedicated carports for the building on premises and a laundry facility onsite for the tenants' convenience. While the property is a turnkey asset with new slightly sloped roofs, sewer lines, and seven renovated units,...311 West Palm Avenue in El Segundo is an 8-unit apartment building located in the heart of El Segundo. The 7,332 sq. ft. building situated on a 8,375 sq. ft. lot and boasts an attractive unit mix of one (1) 1 bed/1 bath and (7) 2 bed/1.5 bath units, all townhome style. There are 10 dedicated carports for the building on premises and a laundry facility onsite for the tenants' convenience. While the property is a turnkey asset with new slightly sloped roofs, sewer lines, and seven renovated units, there is still over 20% rent upside. El Segundo is a close knit, family oriented community and home to award winning public schools. While it is considered a beach community, it does not experience the influx of visitors that neighboring beach communities contend with. With the Silicon Beach spillover, the need for housing is at an all-time high, making multifamily assets in the area highly desirable. 311 W Palm Ave provides an investor the opportunity to own an investment property with strong income on a valuable piece of land in an "A" location.
- Listed by Daniel Shieh • DRE #01978847 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 311 West Palm Avenue
Zoning
ESR3YY
Parcel Number4132008014
Total Units8.0
Living Area7332
Source Living AreaVendor Enhanced
AreaEl Segundo (141)
Vacancy Rate3
Lot Size Area8376
Location
LISTING UPDATED: 05/31/2023 03:47 PM
Property Details for 311 West Palm Avenue
Status | Sold |
---|---|
MLS # | 23-244784 |
Days on Market | 42 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1970 |
Lot Size | 0.19 AC / 8,376 SF |
County | Los Angeles County |
Location
Building Information for 311 West Palm Avenue
Stories2Residences-Year Built1970Building Size-Lot Size0.19 AC / 8,376 SF
Payment Calculator
$28,628 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 311 West Palm Avenue
Property History for 311 West Palm Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 311 West Palm Avenue
Taxable ValueLand$3,700,000Additions$1,300,800Total$5,000,800
Tax Record2023$56,208 ($4,684 / month)
Home Facts
Total Finished SqFt7,332 SqFtAbove Grade Finished SqFt7,332 SqFtLot Size8,376 SqFtStyleMulti-Family Res (5+ Units)Year Built1970ZoningESR3YYCountyLOS ANGELESAPN4132-008-014
Schools near 311 West Palm Avenue
This home is within El Segundo Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
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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