Updated Sep 9, 2024
Jill Smith Acquires Multifamily Property In El Segundo For $3.95M
526 Illinois Street, El Segundo, California 90245, United States
$3,950,000
$517/SF
Building Size
7,635 SF
Asset Type
MultiFamily
Closing
Apr 25, 2022
About this deal
AI
Located at 526 Illinois St. in El Segundo, this multifamily property was recently sold in a closed transaction. The property consists of 6 units, offering a total of 7,635 square feet of living space. The sale price for this transaction was $3,950,000, resulting in a price per unit of $658,333 and a price per square foot of $517.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,950,000
- Address: 526 Illinois St.
- Market: El Segundo
- Units: 6
- PPU: $658,333
- SF: 7,635
- PPSF: $517
The buyer in this transaction was Jill Smith, while the seller was Chee Tao Tsui. Representing the buyer were Nancy Bush and Mike McKinney from Lyon Stahl. On the seller's side, Jake Glaser, John Boyett, and Daniel Withers from Matthews Real Estate Investment Services acted as the seller's representatives.
On the Map
$3,950,000
$517/SF
MultiFamily
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Players
El Segundo MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93