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Jill Smith Acquires Multifamily Property In El Segundo For $3.95M

Property Image
SOLD
$3,950,000
Nancy Bush
Mike McKinney
+ 2

California

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MultiFamily7,635 SF
Sold 04/26/2022
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Property Image
SOLD

Jill Smith Acquires Multifamily Property In El Segundo For $3.95M

526 Illinois Street, El Segundo, California 90245, United States

See Similar Deals
MultiFamily7,635 SF
Sold 04/26/2022
Nancy Bush
Mike McKinney
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$517
Total Square Footage:7,635 SF
Transaction Type:Sale

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.

Players

Daniel Withers
32 deals$198.2M volume(310) 365-5054
BROKER

John Boyett
CBRE
32 deals$190.7M volume(707) 815-7472
BROKER

Mike McKinney
Lyon Stahl Investment Real Estate
5 deals$90.1M volume
BROKER

Nancy Bush
Lyon Stahl Investment Real Estate
5 deals$90.1M volume(310) 849-9210
BROKER

Jake Glaser
Lyon Stahl Investment Real Estate
68 deals$158.2M volume(347) 461-6043
BROKER

Details

SOLD
IMAGE: Jake Glaser, Daniel Withers & John Boyett DATE: 04/26/2022 ADDRESS: 526 Illinois St. MARKET: El Segundo ASSET TYPE: Multifamily BUYER: Jill Smith SELLER: Chee Tao Tsui BUYER’S REP: Nancy Bush & Mike McKinney - Lyon Stahl (@LyonStahl) SELLER’S REP: Jake Glaser (@_JakeGlaser), John Boyett (@John_Boyett_RealEstate) & Daniel Withers (@DWithers7) - Matthews Real Estate Investment Services (@Matthews_REIS) SALE PRICE: $3,950,000 UNITS: 6 ~ PPU: $658,333 SF: 7,635 ~ PPSF: $517

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
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