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529 E Walnut

El Segundo, CA 90245

$1,995,000

4 Beds | 4 Baths | 2,520 sq. ft.

Status: Active Type: Quadruplex Area: 141 - El Segundo
Year Built: 1940 School District: El Segundo Unified MLS#: PW26040061

Description

529 E Walnut Avenue is a well-located multifamily investment opportunity in the heart of El Segundo, one of the most desirable and supply-constrained coastal submarkets in Los Angeles County. Situated on a 7,819 square foot lot, the property features approximately 2,520 rentable square feet across four separate structures, offering a rare bungalow-style layout in a high-barrier-to-entry neighborhood. The property has benefited from recent LAWA-completed capital improvements, including new windows, doors, and central air conditioning across all units, as well as new electrical panels. The property is configured with four 1-bedroom / 1-bathroom units, including two detached front bungalows and a middle building comprised of two additional 1-bedroom / 1-bathroom units. A detached rear structure includes a nonconforming studio unit, providing additional income potential. The layout and unit mix appeal to long-term tenants seeking privacy, outdoor separation, and proximity to El Segundo’s walkable downtown, major employment centers, and the coast. 529 E Walnut Avenue presents a compelling value-add opportunity through rent growth, unit improvements, and operational enhancements in a premier South Bay location. With limited new multifamily development and consistently strong rental demand, the property offers investors the opportunity to acquire a well-positioned asset with meaningful upside in an A-level coastal market.

Features

    Other Rooms: All Bedrooms Down Fireplace Rooms: None
    Heating: N/A
    Cooling: None
    Structure Type: Other Association Amenities: N/A
    Pool Descriptions: None
    Price/sqft: $792
    Parking Spaces: 4
    Total Floors: 1

Listing is Courtesy of: Underwood Mortgage Group | Use of this site means you agree to the Terms of Use

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