El Segundo, CA 90245,731 Indiana CT
El Segundo, CA 90245,731 Indiana CT
El Segundo, CA 90245,731 Indiana CT
El Segundo, CA 90245,731 Indiana CT
El Segundo, CA 90245,731 Indiana CT
El Segundo, CA 90245,731 Indiana CT
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$2,275,000

$2,250,000

1.1%
Est.Price: ?

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Est. payment /mo

8,977 Sqft Lot


SOLD DATE : 09/26/2024

Key Details

Sold Price $2,275,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW24168470

Sold Date 09/26/24

HOA Y/N No

Year Built 1955

Lot Size 8,977 Sqft

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.

Location

State CA

County Los Angeles

Area 141 - El Segundo

Zoning ESR3YY

Interior

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 4

Pool None

Community Features Biking, Park

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4139018026

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Woody Stahl • Lyon Stahl Investment Real Est • woody@lyonstahl.com
Bought with Brett Lyon • Lyon Stahl Investment Real Estate, Inc.
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