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$ 2,725,000
Est. payment | /mo
6,808 Sqft Lot
$ 2,725,000
Est. payment | /mo
6,808 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26103081
HOA Y/N No
Year Built 1953
Lot Size 6,808 Sqft
Property Sub-Type Apartment
Property Description
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 5.02% current CAP rate and additional upside to a projected 5.95% market CAP rate.
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.
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.
Location
State CA
County Los Angeles
Area 141 - El Segundo
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Detached Carport
Carport Spaces 6
Pool None
Community Features Biking, Dog Park
Total Parking Spaces 6
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4139017013
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Woody Stahl Lyon Stahl Investment Real Est broker@lyonstahl.com, DRE #01399621
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