945 Main St, El Segundo, CA 90245

Property Description

$200,000 Price Reduction. Motivated sellers. Property is located in the coveted city El Segundo. The two buildings are comprised of two (2) 1 bed/1 bath units, one (1) 2 bed/1 bath unit, one (1) 2 bed/1.5 bath townhome, and one (1) 3 bed/2 bath unit with 5,012 rentable sq ft on a 6,700 sq ft lot. With an annual income of approximately $152,000, the property is being offered at above market averages for cap rate and GRM. New roofs were installed in 2019, and much of the plumbing and sewer lines have been replaced. Each unit is individually metered for gas and electric. There is an onsite laundry facility with owner owned machines. Walking distance to El Segundo High School and downtown El Segundo, with an abundance of shops and restaurants. Close proximity to the beach and 105, 405, 10 and 110 freeways. El Segundo is home to more Fortune 500 companies than any other city outside of San Francisco.