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$4,350,000
96 Days Online

221 Concord Street
El Segundo, CA 90245

For Sale|Multi-Family|Active
County:
Los Angeles
Listed by Brent Sprenkle of Berkadia

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

221 Concord Street221 Concord Street221 Concord Street221 Concord Street
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Price reduced by $145,000. New asking price is $4,350,000. 221 Concord is a 1912 construction property in a prime downtown El Segundo location that is currently operated as an apartment building. Previously the property was operated as a hotel. The three-story wood frame and stucco structure has 34 rooms that are considered SROs (Single Room Occupancy) as they share common bathrooms. Each floor has 1 or 2 bathrooms as well as a kitchen area for tenants to use. Units are leased furnished with a month-to-month term. There are various value-added opportunities remaining including converting a large recreational room in the basement into additional units potentially as ADUs. The property is being offered at an unheard of 6.23% cap rate and 9.47 GRM with a low cost per unit of $127,911. Please submit all offers as the property is priced to sell immediately.

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Listing Snapshot
Price 
$4,350,000
Days Online 
96 Days
Bedrooms 
N/A
Inside Area (SqFt) 
7,824 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.13 Acres
Year Built 
1912
MLS Number 
21798152
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS
2 months agoPrice changed to $4,350,000
3 months agoListing first seen online
General Features
Parking 
Uncovered
Parking Spaces 
3
Number of Stories 
3
Acreage 
0.13
Attached Garage 
No
Zoning 
ESR3*
Listing Conditions 
Standard
Interior Features
Interior 
CeilingFans
Fireplace 
No
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Exterior Features
Spa 
No
Waterfront Property 
No
Community Features
Association Dues 
0
MLS Area 
141 - El Segundo


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. The 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.

Neighborhood & Commute
Source: Walkscore
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