1629 E Maple Ave - Apartments FOR SALE


El Segundo, CA 90245
$2,799,000 USD
310-780-1899
1629 E Maple Ave, El Segundo, CA for Sale
$2,799,000 USD
Apartments - FOR SALE
1/10
null | 4.91% Cap Rate

1629 E Maple Ave
El Segundo, CA 90245


HIGHLIGHTS

  • Well-Maintained 6-Unit Apartment Building Adjacent to Constitution Park in El Segundo
  • Unit Mix: (6) 2-Bed/1-Bath | Car Ports For (6) Cars | Shared Laundry
  • 4.91% CAP | 5.76% Market CAP | 13.80 GRM | 12.31 Market GRM
  • $694/SF | $466,500/ Unit | Currently (1) Vacancy
  • ADU Opportunity Verified by an Architect to build 2 Additional Units Over Carports in the Back (Buyer to Verify)
  • New Electrical – New Main Panel With New Sub-Angel in All Units | 2 Units Have Built-in Washer/Dryer & Upgraded Tankless Water Heater

OVERVIEW

1629 Maple Ave is a well-maintained 6-unit apartment building located adjacent to Constitution Park in the highly desirable El Segundo submarket. The property features an attractive unit mix of six 2-bedroom/1-bath units totaling approximately 4,032 square feet on a 6,807 square foot lot. The asset offers strong in-place income with a 4.91% current CAP rate and additional upside to a projected 5.76% market CAP rate. The property is currently operating with one vacant unit, providing immediate leasing upside for a new owner. The property includes carport parking for six vehicles, shared on-site laundry facilities, and recent capital improvements including a new electrical main panel with new subpanels installed in all units. Two of the units have also been upgraded with built-in washer/dryer systems and tankless water heaters, enhancing tenant appeal and operational efficiency. In addition to the existing improvements, the property offers attractive future upside through a potential ADU opportunity. Ownership has had an architect verify the feasibility of constructing two additional units above the rear carports, offering investors the ability to further increase income and long-term value (buyer to verify). Ideally situated approximately one mile from Downtown El Segundo and less than a 10-minute drive to the beach and LAX, 1629 Maple Ave benefits from one of the South Bay’s most desirable rental locations with convenient access to major employment hubs, dining, retail, and entertainment amenities.

FOR SALE DETAILS

PRICE

$2,799,000 USD

PRICE/SF

$581 USD /SF

# OF UNITS

6

PRICE/UNIT

$466,500

CAP RATE

4.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

ESR3*

APN/PARCEL ID

4139-017-013

ASK ABOUT THIS PROPERTY

Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

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Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.