Tony Barberi

526 Illinois St $3,950,000

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    526 Illinois St El Segundo, CA 90245

    Sold
    SOLD 4/26/2022

    $3,950,000

    • 12 Beds
    • 10 Baths
    • 7,635 sq. ft.
    • Multi-Family
    • MLS# 21-108341
    526 Illinois St, El Segundo, CA 90245
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    Listing provided courtesy of: Matthews Real Estate Investment Services
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    Property Details

    REDUCED PRICE: $3,995,000 (motivated seller). Matthews is pleased to present 526 Illinois Street, a 7,635 square foot, 6-unit apartment building located in El Segundo. Built-in 1988, this condo-quality asset sits on an R3-zoned, 6,962 square foot lot located just 1.5 miles from the Pacific Ocean. The building is comprised of two-story townhome units: (3)two-bed/two-bath, (2) three-bed/two-bath, and (1) oversized studio units (non-conforming). The property offers tenants a gated, subterranean parking garage with 11 spaces total, as well as a washer/dryer and individual waters heaters in each unit. All units have been fully upgraded and include a balcony, private patio, fireplace, and office. Additionally, the exterior has been fully remodeled, and the roof is only around 5 years old. With strong in-place rents, 526 Illinois offers investors cash-flowing trophy assets in a truly irreplaceable South Bay Los Angeles location. ***5 UNITS PLUS 1 NON-CONFORMING STUDIO UNIT

    Neighborhood

    90245 (El Segundo) Demographics

    37 Median Age
    2,862 Population Density (per sq. mile)
    65% College Educated
    $109,577 Estimated Median Income
    2,792 Estimated Total Home Owners
    3,625 Estimated Total Renters
    44% / 56% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    16,731 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $1,462,500 Median Sales Price
    20 Homes Sold
    12 New On Market

    Average Days on Site

      Properties for Sale
        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $4,250,000 7.59%
        4/26/2022 12:00:00 AM Sold Source: Multiple Listing Service New Value: $3,950,000 -1.13%
        4/1/2022 2:58:04 PM Status Changed Source: Multiple Listing Service New Value: Active Under Contract
        1/6/2022 3:58:53 PM Price Reduced Source: Multiple Listing Service New Value: $3,995,000


        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.