Under Contract

Active Under Contract

349 Virginia Street

El Segundo CA, 90245

$3,695,000


$556.48 per sqft

Under Contract

Active Under Contract

6,640 sqft

Condo

Built in 1978

Listed by Robert Freedman with DOMO Real Estate 310-251-7725

Located on a beautiful, tree-lined street in an idyllic location, this 7-unit walk-up apartment building is surrounded by well maintained apartments, townhomes, condominiums and single family homes, and offers an amazing opportunity for investment in one of the most highly sought after suburbs in Los Angeles. Built in 1978 by the family that still owns it, and meticulously maintains it, this is the first time this building has been on the market. There is 6,640 square feet of living space on a 50 X 143 Street to alley lot with 9 private garages (garages have been earthquake retrofit) and an additional 4 tandem parking spaces. This location in El Segundo is ideal, because it's far away from any detrimental factors yet in close proximity to the downtown restaurants, the beach, employment hubs and transportation. All of the units offer two bedrooms, and most offer more than one bath. All but one of the units have been substantially refurbished, and the building itself has been lovingly maintained, including lush landscaping that gives the courtyard a welcoming, homey feel. 5 of the units are flats, and two are townhome style. 6 of the 7 units have fireplaces! All units have individual hot water heaters. There is a spacious on-site laundry for the units to share, and the building has been recently painted, replumbed, reroofed, and has new windows. The rents are mostly balanced, but there is still some upside. The building is professionally managed by First Light Property Management, a trusted name in local management for over 15 years. This is a property that you will be proud to own.

SB24049689

MLS ID

April 13, 2024

Listed

June 6, 2024

Updated

Map

349 Virginia Street
El Segundo CA, 90245

Interior Features

Total Stories

3


Appliances

Dishwasher, Disposal, Gas Oven, Gas Range


Laundry Description

Common Area


Fireplace

No


Fireplace Description

None


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.16 Acres


Sewer

Public Sewer

Other Property Details

Area Name

141 - El Segundo


Days on Market

72


Garage

Yes


Garage Spaces

9


Parking Total

9


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

ESR3YY


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

6/5/2024

Under Contract

4/13/2024

Price Change

$3,695,000

-3%

4/13/2024

Active

4/3/2024

Pending

Listing Contact: 310-251-7725 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 6/6/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 6/6/2024 at 1:38 AM UTC

 

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