$2,995,000
$305K PRICE DROP

118 Virginia St El Segundo, CA 90245

Estimated payment $19,536/month

Total Views 15,609
11 Beds
11 Baths
5,280 Sq Ft
$567 Price per Sq Ft

Highlights

  • Above Ground Spa
  • No HOA
  • Laundry Room
  • Richmond Street Elementary School Rated A
  • Cooling Available
  • 1-minute walk to Candy Cane Park

About This Home

Welcome to 118 Virginia in El Segundo, a well-maintained 5-unit property offering a fantastic blend of modern updates and convenience. The front unit features a spacious 3-bedroom, 3-bathroom layout with in-unit laundry, a large kitchen, and a cozy fireplace in the living room, making it perfect for comfortable living. Another vacant unit is a beautifully updated 2-bedroom, 1.5-bathroom space. Residents enjoy six garage spaces, with an additional shared washer and dryer for convenience. The property also boasts a relaxing hot tub, providing a great spot to unwind. This 5-plex is ideally situated in a great location within El Segundo, providing easy access to shopping, dining, parks, and entertainment. With quick connections to major highways and public transportation, commuting is effortless. With its prime location, strong rental potential, and appealing mix of unit sizes and amenities, this property offers investors an excellent opportunity to acquire a well-maintained income-producing asset in one of the most sought-after neighborhoods in El Segundo.

Listing Agent

Bill Ruane

Estate Properties Brokerage Phone: 310-877-2374 License #00972400 Listed on: 01/22/2025

Estate Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 7,153 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Interior Spaces

  • 5,280 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 11 Bathrooms

Outdoor Features

  • Above Ground Spa
  • Exterior Lighting

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Legal Lot and Block 8 / 13
  • Assessor Parcel Number 4136028010
  • $980 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $270
  • Fuel Expense $150
  • Gardener Expense $250
  • Insurance Expense $352
  • Professional Management Expense $350
  • Trash Expense $330
  • Water Sewer Expense $500
  • Operating Expense $96,441
  • Gross Income $228,600
  • Net Operating Income $88,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • Price Per Unit: 599000
  • Professional Management Expense: 350.00
  • Property Attached: No
  • Water Sewer Expenses: 500.00
  • Zoning: ESR3YY
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 250.00
  • Parcel Number: 4136028010
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: 1/2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Price Per Square Foot: 567.23
  • Room Type: Kitchen, Living Room
  • Spa Features: Above Ground

Exterior Features

  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 330.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7153.00
  • Lot Size Acres: 0.1642

Multi Family

  • Electric Expense: 270.00
  • Fuel Expense: 150.00
  • Gross Income: 228600.00
  • Gross Scheduled Income: 241200.00
  • Insurance Expense: 352.00
  • Lot Size Area: 7153.0000 Square Feet
  • Net Operating Income: 88000.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 5
  • Operating Expense: 27424.00
  • Rent Control: Yes
  • Total Expenses: 96441.00

Tax Info

  • Tax Block: 13
  • Tax Census Tract: 6201.02
  • Tax Lot: 8
  • Tax Tract Number: 0000
  • TaxOtherAnnualAssessmentAmount: 980.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2025 05/15/25 Price Changed $2,995,000 -9.2% $567 / Sq Ft
01/22/2025 01/22/25 For Sale $3,300,000 -- $625 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25014171

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County El Segundo 90245

118 Virginia St, El Segundo, CA

This home is located at 118 Virginia St, El Segundo, CA 90245 and is currently priced at $2,995,000, approximately $567 per square foot. This property was built in 1959. 118 Virginia St is a home located in Los Angeles County with nearby schools including Richmond Street Elementary School, El Segundo Middle School, and El Segundo High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Bill Ruane
Listing Agent
Bill Ruane
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Estate Properties
(310) 877-2374