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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$2,799,000

Est. payment - /mo

6,808 Sqft Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26103081

HOA Y/N No

Year Built 1953

Lot Size 6,808 Sqft

Property Sub-Type Apartment

Property 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 Bay's most desirable rental locations with convenient access to major employment hubs, dining, retail, and entertainment amenities.

Location

State CA

County Los Angeles

Area 141 - El Segundo

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Detached Carport

Carport Spaces 6

Pool None

Community Features Biking, Dog Park

Total Parking Spaces 6

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4139017013

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Listed by Woody Stahl Lyon Stahl Investment Real Est broker@lyonstahl.com, DRE #01399621

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1629 E Maple El Segundo, CA 90245