415-417 Standard Street
- For Sale – $1,700,000
- El Segundo, CA 90245
- Two Family Residential | ±2,104 SF
Description
Currently Under Contract
WESTMAC Commercial Brokerage Company is pleased to present 415-417 Standard Street for sale, a duplex asset located in the premiere, family-friendly City of El Segundo, CA.
415 Standard is a four bedroom, two bath unit, approximately 1,345 square feet with a private entrance and one-car garage at the abutting rear alley. 417 Standard is a two bedroom, one bath unit, approximately 759 square feet with a private street-facing entrance, driveway and one-car garage. The lot is approximately 6,996 square feet and zoned R2.
The buildings are currently 50% occupied with a tenant who recently vacated. The current rent for 415 Standard is $4,175 per month and the tenant in 417 Standard was paying $3,200 per month. There is no local rent control and the property qualifies for residential financing as a duplex.
Alternatively, the property can be developed – potential purchaser to verify.
The property is located in El Segundo, which is a beachside city with small-town charm and is known as the “aerospace capital of the world”. It is home to the Los Angeles Air Force Base, The Aerospace Corporation, Northrop Grumman, Boeing, Raytheon and Lockheed Martin.
The property abuts an alley connecting to Main Street with a diverse selection of restaurants and activities within walking distance, including Kreation Organic Juicery, Rock & Brews and Blue Butterfly Coffee.
The city has a top ranked school district, easy access to the 405 and 105 freeways and close proximity to Los Angeles International Airport.
415-417 Standard provides buyers with an opportunity to own a strong long-term asset or reposition a property poised for development in a prime El Segundo location.
Details
- Offer For Sale
- Property Type Two Family Residential
- Building Size 2,104 SF
- Land Size 6,996 SF
- Units Two [2]
- Built 1947 / 1960
- APN 4135-004-016
- Zoning R2
- Stories 415: two [2] | 417: one [1]
- Parking 415: garage & carport | 417: garage & driveway
Highlights
- Prime El Segundo location abutting an alley to Main Street
- Currently one [1] of the two [2] units has been deliberately left vacant
- Low tenant turnover and high demand for product in El Segundo
- Local laid back surf vibe that El Segundo has been characterized by for years
- Family-friendly residential area with playgrounds and schools within walking distance
- Great walkability to many popular restaurants, coffee shops and boutique businesses. Close proximity to The Point and Manhattan Village for national chains and trendy shops
- Excellent area employers including The Aerospace Corporation to Northrop Grumman, Boeing, Raytheon and Lockheed Martin. Close to Silicon Beach and the South Bay
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Address
415-417 Standard Street
El Segundo, CA 90245
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