349 Virginia Street

349 Virginia Street

El Segundo, CA 90245

$3,695,000
Price
14
Beds
10
Baths
6,640 Sq. Ft.
$556 / Sq. Ft.
6,640
Sq. Ft.
$556
per Sq. Ft.
a view of a car parked in front of a house
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a view of a house with a patio

Description

Located on a beautiful, tree-lined street in an idyllic location, this 7-unit walk-up apartment building is surrounded by well maintained apartments, townhomes, condominiums and single family homes, and offers an amazing opportunity for investment in one of the most highly sought after suburbs in Los Angeles. Built in 1978 by the family that still owns it, and meticulously maintains it, this is the first time this building has been on the market. There is 6,640 square feet of living space on a 50...Located on a beautiful, tree-lined street in an idyllic location, this 7-unit walk-up apartment building is surrounded by well maintained apartments, townhomes, condominiums and single family homes, and offers an amazing opportunity for investment in one of the most highly sought after suburbs in Los Angeles. Built in 1978 by the family that still owns it, and meticulously maintains it, this is the first time this building has been on the market. There is 6,640 square feet of living space on a 50 X 143 Street to alley lot with 9 private garages (garages have been earthquake retrofit) and an additional 4 tandem parking spaces. This location in El Segundo is ideal, because it’s far away from any detrimental factors yet in close proximity to the downtown restaurants, the beach, employment hubs and transportation. All of the units offer two bedrooms, and most offer more than one bath. All but one of the units have been substantially refurbished, and the building itself has been lovingly maintained, including lush landscaping that gives the courtyard a welcoming, homey feel. 5 of the units are flats, and two are townhome style. 6 of the 7 units have fireplaces! All units have individual hot water heaters. There is a spacious on-site laundry for the units to share, and the building has been recently painted, replumbed, reroofed, and has new windows. The rents are mostly balanced, but there is still some upside. The building is professionally managed by First Light Property Management, a trusted name in local management for over 15 years. This is a property that you will be proud to own.
  1. Listed by Robert Freedman • DRE #00711607 • Brokerage DRE #01290500 • DOMO Real Estate • 310-291-7779
  2. Listed by Greg Geilman • DRE #01788567 • Brokerage DRE #01290500 • DOMO Real Estate

Property Details for 349 Virginia Street

Parking Spaces Total
9
Private Pool
No
Cooling Type
N/K
Total Units
7.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
6640
Assessor Parcel Number
4136-018-050

Location

Listing Courtesy of DOMO Real Estate, Robert Freedman, DRE #00711607; DOMO Real Estate, Greg Geilman, DRE #01788567
Add your commute
LISTING UPDATED: 04/13/2024 01:04 AM

Property Details for 349 Virginia Street

StatusActive
MLS #SB24049689
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1978
CountyLos Angeles County

Location

Listing Courtesy of DOMO Real Estate, Robert Freedman, DRE #00711607; DOMO Real Estate, Greg Geilman, DRE #01788567
Add your commute

Building Information for 349 Virginia Street

Building/Complex349 Virginia StFloor-Stories3Residences-Pet Policy-Year Built1978Building Size-

Payment Calculator

$20,801 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,165

Property Taxes

$636

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 349 Virginia Street

Rental Info
Rental Info
  • Tenant Pays: All Utilities, See Remarks
Income / Expense / Tax Details
Income Details
  • Gross Income: $20,521
  • Gross Scheduled Income: $246,262
  • Vacancy Allowance: 4925
  • Vacancy Allowance Rate: 2
  • Gross Operating Income: $241,337
  • Net Operating Income: $151,014
  • Number Of Rented Garages: 1
  • Garage Rental Rate: $29
  • Garage Income: $29
  • Laundry Income: $93
  • Gross Multiplier: 15.0
  • Cap Rate: 4.09
  • Current Financing: None
Expense Details
  • Operating Expense: $90,323
  • Operating Expense Percent: 36.68%
  • New Taxes Expense: $45,507
  • Gardener Expense: $950
  • Fuel Expense: $657
  • Licenses Expense: $250
  • Pest Control Expense: $787
  • Electric Expense: $400
  • Insurance Expense: $7,600
  • Maintenance Expense: $12,313
  • Maintenance Percent: 5.00%
  • Professional Management Expense: $12,313
  • Trash Expense: $6,516
  • Water Sewer Expense: $3,030
  • Total Expenses: $90,323
Tax / Assessment Info
  • Tax Tract Number: 2667
  • Tax Census Tract: 6201.02
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 26
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Biking, Curbs, Dog Park, Park, Sidewalks, Suburban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range
  • Equipment: Community, Dishwasher
  • Laundry: Yes
  • Laundry Features: Community
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
Exterior Features
  • Entry Location: walk up
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 6500-9999
  • Number Of Units: 7
  • Improvements Amount: $595,053.00
  • Improvements Percent: 87.00%
  • Land Lease: No
  • Land Lease Type: Fee
  • Land Value: $77,034.00
  • Land Value Percent: 13.00%
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected
  • Electric: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 9
  • Parking Garage Spaces: 9
  • Carport Spaces: 0
Unit Information
Unit 1
  • 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: $2,695
  • Unit Type Total Rent: $2,695
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 1
Unit 2
  • 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: $2,495
  • Unit Type Total Rent: $2,495
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,995
  • Unit Type Total Rent: $2,995
  • Unit Type Pro Forma: 3400
  • Unit Type Type: 3
Unit 4
  • 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: $2,495
  • Unit Type Total Rent: $2,495
  • Unit Type Pro Forma: 2800
  • 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: $2,495
  • Unit Type Total Rent: $2,495
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,335
  • Unit Type Total Rent: $2,335
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,695
  • Unit Type Total Rent: $2,695
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 7
Unit Information
  • Number Of Units Leased: 7
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 7
  • Number With Range: 7
  • Number With Refrigerator: 7
  • Number With Carpet: 1
  • Number With Disposal: 7
  • Number Wall AC: 0

Property History for 349 Virginia Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 349 Virginia Street

Taxable ValueLand$77,034Additions$518,019Total$595,053
Tax Record2023$7,637 ($636 / month)
Home Facts
Total Finished SqFt6,640 SqFtAbove Grade Finished SqFt6,640 SqFtLot Size7,153 SqFtStyleMulti-Family Res (5+ Units)Year Built1978ZoningESR3YYCountyLOS ANGELESAPN4136-018-050

Schools near 349 Virginia 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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More information about 349 Virginia Street, El Segundo, CA 90245

349 Virginia Street is a multi-family home for sale in El Segundo, CA 90245. This property was listed for sale on March 12, 2024 by DOMO Real Estate, it's currently listed at $3,695,000. This listing's school district is El Segundo Unified School District. Nearby schools include Richmond Street Elementary School, El Segundo Middle School and El Segundo High School. 349 Virginia Street is a 14-bed, 10-bath, 6,640 sqft multi-family home built in 1978.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of DOMO Real Estate, Robert Freedman, DRE #00711607; DOMO Real Estate, Greg Geilman, DRE #01788567

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.