526 Illinois Street, El Segundo, CA 90245
Property · 2 recorded sales since 2017
Sold April 2022
Listing Agent: Daniel Withers (DRE #01325901) · Listing Office: Matthews Real Estate Investment Services · Contact: 866-889-0550 · Bought with: Daniel Withers · Matthews Real Estate Investment Services · MLS #21108341 · Source: CRMLS
About this property
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
Listing description from the April 2022 sale, as reported to CRMLS.
Sale history
