El Segundo had a busy year in income property. While the total number of units selling was less than one per month, the buyer interest level increased as the Beach Cities prices drove investors to look north for deals.
El Segundo unit sales statistics for 2013:
- Available buildings: 4 Properties are for sale from $999,000 to $1,599,000.
- Pending sales: 1 Building is in escrow priced at $3,800,000.
- El Segundo sales: 9 Buildings sold in 2013 from $725,000 to $3,325,000. The average price was $1,312,000. The average year built was 1960. None of the 2013 transfers were a distressed sale.
- Duplex – 44%
- Triplex – 22%
- Fourplex – 11%
- 5-8 Units –11%
- 9+ Units – 11%
Average gross rent multiplier for El Segundo 2013: 15.3
El Segundo unit cap rate for 2013 at 75% net income: 4.90%
For more information on available El Segundo units for sale, please give me a call or drop us an email.
- Josh Toering (310) 525-9440
El Segundo income property for sale:
No comments:
Post a Comment