Located on a beautiful, tree-lined street in an idyllic location, this 7-unit walk-up apartment building is surrounded by well maintained apartments, townhomes, condominiums and single family homes, and offers an amazing opportunity for investment in one of the most highly sought after suburbs in Los Angeles. Built in 1978 by the family that still owns it, and meticulously maintains it, this is the first time this building has been on the market. There is 6,640 square feet of living space on a 50 X 143 Street to alley lot with 9 private garages (garages have been earthquake retrofit) and an additional 4 tandem parking spaces. This location in El Segundo is ideal, because it’s far away from any detrimental factors yet in close proximity to the downtown restaurants, the beach, employment hubs and transportation. All of the units offer two bedrooms, and most offer more than one bath. All but one of the units have been substantially refurbished, and the building itself has been lovingly maintained, including lush landscaping that gives the courtyard a welcoming, homey feel. 5 of the units are flats, and two are townhome style. 6 of the 7 units have fireplaces! All units have individual hot water heaters. There is a spacious on-site laundry for the units to share, and the building has been recently painted, replumbed, reroofed, and has new windows. The rents are mostly balanced, but there is still some upside. The building is professionally managed by First Light Property Management, a trusted name in local management for over 15 years. This is a property that you will be proud to own.
Outstanding El Segundo Location - Approximately a Half-Mile to Dockweiler Beach & the Pacific Ocean 1984 Construction Outstanding Unit Mix of (Two) 3-Bedroom/2.5-Bathroom Units Each Unit Contains Washer/Dryer Hook-Ups Spacious Units - Averaging Approximately 1,780-SF Per Unit Front Unit Features Private Front Yard & Back Unit Has Private Large Balcony Walking Distance to Main Street No Local Rent Control - Defaults to AB 1482 Pro-Forma Cap Rate of 4.69% (Two) 2-Car Garages & (One) 1-Car Garage Qualifies for Residential Financing
A rare gem nestled in the heart of the coveted Southwest El Segundo neighborhood. This exceptional 6-unit residential property presents a once-in-a-lifetime investment opportunity, having entered the market for the first time in over 25 years. Each unit within this building has been carefully updated to reflect modern aesthetics while maximizing comfort and efficiency. The recent renovations ensure that every tenant enjoys the latest in home living standards. Residents will delight in the convenience of their private 1-car garages, adding to the array of amenities this property boasts. It’s a unique feature that sets this offering apart and speaks to the attention to detail that has been a hallmark of this residence. The location of 147 Whiting can only be described as prime, with a high Walk Score that illustrates its proximity to local essentials and attractions. Situated mere blocks from pristine beaches, the property promises a coastal lifestyle of unparalleled ease and enjoyment. Community and Lifestyle: El Segundo is renowned for its vibrant community spirit and the easy-going lifestyle it affords. From numerous parks for weekend picnics to boutique shops and diverse dining options on Main Street, there's something to cater to all tastes and interests. Education and Family Life: With its exceptional local schools just a short walk away, families will find an educational haven awaiting their young learners. The community prioritizes excellent education and nurturing environments for the next generation. Convenience and Commute: With easy access to freeways and public transportation, 147 Whiting is the ideal setting for professionals seeking a hassle-free commute. Additionally, its proximity to local businesses, restaurants, and shops ensures that daily errands require minimal travel, affording residents more time to enjoy their surroundings. Investment Opportunity: Offering reliable rental income and a well-maintained premise, investors will find 147 Whiting to be a prudent addition to their portfolios. Take this chance to own a piece of El Segundo, a community where properties of such caliber are seldom available. We invite discerning investors and interested parties to seize the unique offer that is 147 Whiting—an investment in lifestyle, community, and legacy.
Three story Boutique Hotel. Upon entering, the ground floor features 10 rooms, restrooms and showers, a full size kitchen and lounge area. The top two floors each have 12 rooms. Each floor has shared restrooms, kitchens and showers. Hardwood floors throughout. Amazing opportunity to own a hotel in Downtown El Segundo near restaurants, shops and the Los Angeles Airport.
Embracing its prime location, the complex features a delightful mix of residences. Three of these units are generously designed 2 bedrooms, 1 bath exuding warm and comfort at every corner. The fourth unit is a spacious 3 bedroom, 2 bath. There are pristine parks nearby, walking distance to all of the award winning top-tier schools, this apartment complex offers the perfect place to call home in this idyllic coastal community. Here is your opportunity to own a great income producing property to add to your income portfolio.
Price reduced, beach area units located away from the airport, West of downtown towards the ocean within walking distance to beach and walking distance to the local town. Good units in reasonable proximity to chevron work entrance, these units have been well maintained and you can add your expertise to add additional value. Administration sale for estate.
El Segundo is located in California. El Segundo, California has a population of 16,929. El Segundo is more family-centric than the surrounding county with 39.05% of the households containing married families with children. The county average for households married with children is 32.35%.
The median household income in El Segundo, California is $92,942. The median household income for the surrounding county is $61,015 compared to the national median of $57,652. The median age of people living in El Segundo is 38.7 years.
The average high temperature in July is 73.8 degrees, with an average low temperature in January of 48.8 degrees. The average rainfall is approximately 14.7 inches per year, with 0 inches of snow per year.
