416 Richmond St, El Segundo, CA 90245

416 Richmond St, El Segundo, CA 90245

El Segundo, CA
$1,100,000

Property Description

Lyon | Stahl is pleased to present this beautiful duplex located just one block behind Main Street in one of the South Bays most desired beach communities, El Segundo. 416 Richmond Street sits on a 3,500 SF lot, featuring two large one-bedroom/one-bathroom units, a huge backyard patio, laundry machines, two-car garage, wine fridge and bar (in the back unit), and A+ prime location!

Located less than a mile from the beach, one of the best school districts in California, easy access to LAX and all major freeways, as well as close proximity to all of El Segundo’s restaurants, bars, gyms and coffee shops. Just to name a few: Kreation Juicery, El Gringo, Rinaldi’s, Rock n Brews, Blue Butterfly Cafe are all only a minute walk away.

This is a wonderful “turn-key” opportunity with the potential to be a perfect owner occupied duplex for anyone looking to live and work in the South Bay!

Investment Highlights:
● 1,140 SF building situated on 3,500 SF of land
● Beautiful duplex with excellent curb appeal | (2) 1-bed/1-bath units
● Features a huge backyard patio, laundry machines, two-car garage, wine fridge and bar (in the back unit)
● Great in-place income | Plenty of street parking surrounding the property
● A+ prime location less than 1-mile from the beach | Close proximity restaurants, bars, gyms, etc.
● One block behind Main Street in one of South Bays most desired beach communities

Property Features

  • Sale Price: $1,100,000
  • Area Size: 1,140 SF
  • Land Area: 3,500 SF
  • Year Built: 1949
  • Closing Date: 10/17/2018
  • Units: 2
  • Current GRM: 24.12
  • Current Cap Rate: 2.45%
  • Price Per Unit: $550,000
  • Current NOI: $26,921

Lyon Stahl Investment Real Estate

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