221 Concord ST, El Segundo, CA 90245 – SB15254320

$3,350,000

Est. payment -/mo

$3,399,000

1.4%

Est.Price: ?

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5,706 Sqft Lot

SOLD DATE : 03/23/2016

Key Details

Sold Price $3,350,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB15254320

Sold Date 03/23/16

Construction Status Turnkey

HOA Y/N No

Year Built 1912

Lot Size 5,706 Sqft

Property Description

Excellent **INCOME OPPORTUNITY** Rooming House aka Concord Hotel. Historic and Iconic building dating back from 1912...
Concord Hotel is a rooming hotel with 24 studio rooms with baths and kitchens at end of hallway. Similar to a hostel or dorm, tenants have clean, furnished rooms and stay forever...some tenants have been there for 10,15, and 26 years. 4 blocks to the beach and walking distance to shops, restaurants and downtown. Great INCOME POTENTIAL! In addition to 24 rooms there is a 3 bdrm.,1 bath and kitchen and a 1 bdrm., 1 bath and kitchen for owners or manager or ?? **DRIVE BY ONLY**

Location

State CA

County Los Angeles

Area 141 - El Segundo

Zoning R3

Rooms

Other Rooms Shed(s)

Interior

Interior Features Multiple Staircases

Heating None

Cooling None

Flooring Carpet

Fireplaces Type None

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Garage Assigned

Fence Excellent Condition

Pool None

Community Features Suburban

Utilities Available Cable Available, Phone Connected, Sewer Available, Water Available

View Y/N No

View None

Total Parking Spaces 3

Private Pool No

Building

Lot Description Level, Street Level

Story Three Or More

Entry Level Three Or More

Architectural Style Cape Cod, Craftsman

Level or Stories Three Or More

Additional Building Shed(s)

Construction Status Turnkey

Others

Tax ID 4136023013

Security Features Resident Manager

Acceptable Financing Cash, Cash to New Loan, Submit

Listing Terms Cash, Cash to New Loan, Submit

Financing Conventional

Special Listing Condition Standard

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Listed by Lynn O'Neil • Shorewood Realtors
Bought with Lynn O'Neil • Shorewood Realtors

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