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Listed by Woody Stahl, DRE #01399621 • Lyon Stahl Investment Real Est
$ 2,799,000
Est. payment /mo
New
1629 E Maple El Segundo, CA 90245
6,807 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26103081
Year Built 1953
Lot Size 6,807 Sqft
Source California Regional MLS
Property 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 4.91% current CAP rate and additional upside to a projected 5.76% 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 mos
Location
State CA
County Los Angeles
Area 141 - El Segundo
Interior
Laundry Community Facility
Exterior
Parking Features Detached Garage
Garage Spaces 6.0
Pool None
Building
Water District - Public
Others
Tax ID 4139017013
Special Listing Condition Not Applicable
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