731 Indiana Court

El Segundo, CA 90245

$2,275,000

Sold Price
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1955

calendar_month Built

Property Description

731 Indiana Ct is a well-maintained 4-unit apartment building located in the desirable El Segundo submarket and is part of a 45-unit portfolio. This property, perfect for an investor or owner-user, offers a great unit mix with spacious units, including (1) 3-bed/2-bath unit and (3) 2-bed/1-bath units. Two of the units feature private outdoor patio spaces, enhancing the living experience for residents. The two-story building spans 3,399 square feet on a generous 8,979 square foot lot. With a CAP Rate of 4.23% and a Gross Rent Multiplier (GRM) of 16.38, this property presents a strong financial investment opportunity. A carport is available for 4 cars, with tandem parking allowing a total of 12 parking spaces for tenant convenience. Located within the highly-regarded El Segundo Unified School District, 731 Indiana Ct is ideal for families and professionals. The property enjoys a prime location, offering easy access to vibrant downtown El Segundo, with a variety of restaurants, shops, and entertainment options nearby. Additionally, it is less than a 10-minute drive from the beach and LAX, providing excellent accessibility to major attractions and transportation hubs.

Listing Information

Close Price $2,275,000
Close Date Thursday, September 26th, 2024
Status Closed
MLS PW24168470
Type Residential Income
Subtype Mixed Use
Year Built 1955
Lot Size 8,979
Structure Size N/A
DOM 15
Courtesy Of Lyon Stahl Investment Real Est
Listing Agent Woody Stahl DRE#01399621
Co-Listing Agent Brett Lyon DRE#01717818

Interior Features

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Maps

Listing information courtesy of: Woody Stahl, Brett Lyon, Lyon Stahl Investment Real Est . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 26th, 2024 at 11:32 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.