349 Virginia Street
El Segundo, CA, 90245 $ 3,695,000
Bedrooms14 Baths7.2 Sq 6,640 Monthly Estimate*
$ 25,811
Listed by DOMO Real Estate
for $3,695,000 with 14 bedrooms and 7 full baths, 2 half baths. This 6,640 square foot home was built in 1978 on a lot size of 0.1643.
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.
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FeaturesGeneralSewer PublicSewer
Heating ForcedAir
Cooling None
Utilities CableAvailable ElectricityConnected NaturalGasConnected SewerConnected
Appliances Dishwasher Disposal GasOven GasRange
Zoning ESR3YY
HOA 0.0
Garage Spaces 9.0
Pool Features None
Year Built 1978
Tenant Pays AllUtilities SeeRemarks
Levels ThreeOrMore
Property SubType Apartment
Gross Income 20521.0
Community Features Biking Curbs DogPark Park Suburban Sidewalks
County Los Angeles
Net Operating Income 151014.0
Operating Expense 90323.0
Insurance Expense 7600.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions Vista del Mar to Grand east to Virginia north to address
City El Segundo
Entry Location walk up
View Y/N N
Senior Community Y/N N
Total Units 7
MLS Area 141 - El Segundo
Lot Size Square Feet 7155.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 7
Street Name Virginia
Listing Terms Cash CashtoNewLoan
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 400.0
Home Warranty Y/N N
Current Financing None
Fuel Expense 657.0
Trash Expense 6516.0
Water Sewer Expense 3030.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 19
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 26
Total Actual Rent 18205.0
Property Sub Type Additional Apartment
Taxes 45507.0
Cap Rate 4.09
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ExteriorWater Source Public
Total Parking 9.0
Lot Size Area 7155.0
Number of Buildings 1
Spa N
Building Area Total 6640.0
Lot Size Acres 0.1643
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 8
Number of Separate Electric Meters 8
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorFireplace Features None
Total Stories 3
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $25,811
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in El Segundo, CA
Average List Price $2,862,000
Percent of Sale Price 23%
About El Segundo, CA 17,080 Population
7% Since 2002
$ 98,610 Median Income
41.28 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/13/2024 | $3,695,000 | -2.76% | Price Down |
3/14/2024 | $3,800,000 | | Listed Price |