El Segundo, CA 90245,731 Indiana CT
El Segundo, CA 90245,731 Indiana CT
El Segundo, CA 90245,731 Indiana CT
$2,275,000
Est. payment /mo
$2,250,000
1.1%
Est.Price: ?

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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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