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1629 E Maple, El Segundo, CA 90245

WS
CA 01399621, CA 01717818
Lyon Stahl Investment Real Estate
Listed by Lyon Stahl Investment Real Estate
$2,799,000
23 days on market
Updated 17 days ago

1629 E Maple

Details
APN 4139017013
Property Type Multifamily
Sub Type Apartment Building
Units 6
Cap Rate 4.91%
Buildings 1
Acreage 0.156
Zoning Public Rec

Multifamily | 4.91% CAP | 6 Units

Marketing 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 Bays most desirable rental locations with convenient access to major employment hubs, dining, retail, and entertainment amenities.
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Listing Contacts

WS
CA 01399621, CA 01717818
Lyon Stahl Investment Real Estate
Listed by Lyon Stahl Investment Real Estate

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