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  • Price$2,599,000
  • SQ. Feet5,734
  • Acres0.15
  • Built1978
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308 Loma Vista Street, El Segundo

This is a great opportunity to buy an income property in a PRIME location. This 7 unit property is located West of Main Street near downtown El Segundo. This property is owner occupied and all the units are 2 bedrooms and 1 bath. The units are good sized, averaging 820 SQ. FT. Note: UPSIDE!! ALL of the rents are below market. The Gross Scheduled Income (GSI) is currently $130K. The annual rents should be about 24% higher, at $160K. The GRM should be about 16 at market rents. There have been recent upgrades to several of the units with new carpeting and paint. Each unit has a fireplace and the floors are partially carpeted; with linoleum being in the kitchen and bathroom areas. There are 4 garages located in the front with 4 parking spaces in front of those and 5 carports in the back (13 total parking spaces). This property also has a laundry room that has a washer and dryer that is provided free of charge to all the tenants (more upside!!). Note: built in 1978 with copper plumbing.

Essential Information

  • MLS® #SB14120464
  • Price$2,599,000
  • Square Footage5,734
  • Acres0.15
  • Year Built1978
  • TypeResidential Income
  • StyleTraditional
  • StatusClosed

Amenities

  • Parking Spaces13
  • # of Garages4

Exterior

  • Lot Description6-10 Units/Acre
  • WindowsWindow Blinds, Wood Frame Windows (N)
  • RoofComposition
  • FoundationConcrete Block

Listing Details

  • Listing AgentChristopher Mclemore(01803449)
  • Listing OfficePeters Realty Center, Inc

Community Information

  • Address308 Loma Vista Street
  • Area141 - El Segundo
  • CityEl Segundo
  • CountyLos Angeles
  • StateCA
  • Zip Code90245

Interior

  • AppliancesDishwasher, Garbage Disposal, Gas & Electric Range, Refrigerator
  • HeatingWall Heater
  • CoolingNone
  • FireplaceYes
  • # of Stories2

Additional Information

  • Date ListedJune 9th, 2014
  • Days on Market30
  • ZoningESR3YY
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Based on information from California Regional Multiple Listing Service, Inc. as of June 25th, 2017 at 3:20pm 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.