1629 E Maple,El Segundo, CA 90245
El Segundo, CA 90245
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.
Details
| MLS # | PW26103081 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1953 |
| Days On Site | 112 |
| Listing Provided By | Lyon Stahl Investment Real Est | Woody Stahl |
Features
| SQ Feet | 4,032 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 6 |
| Building(s) | 1 |
| Acreage | 0.16 |
Exterior
| Lot Features | Six To Ten Units Acre |
|---|
Parking
| Parking Features | Detached Carport |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Biking, Dog Park |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | El Segundo |
| Zip Code | 90245 |
| Area | 141 El Segundo |
| Listing VS Median (in 90245) | |
Price: $2,725,000 low | high Med: $1,674,000 sqft: 4,032 low | high Med: 2,215 $ / sqft: $676 low | high Med: $760 On site: 112 low | high Med: 65 | |
Market Activity 90245
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | El Segundo |
| Zip Code | 90245 |
| Area | 141 El Segundo |
| Listing VS Median (in 90245) | |
Price: $2,725,000 low | high Med: $1,674,000 sqft: 4,032 low | high Med: 2,215 $ / sqft: $676 low | high Med: $760 On site: 112 low | high Med: 65 | |
 | $2,450,0001514 E Maple AvenueEl Segundo, CA 90245 |
 | $2,499,0001510 E Maple AvenueEl Segundo, CA 90245 |