Mixed-Use Property with Retail
For Sale
$2,600,000
319 Richmond, El Segundo, CA 90245
El Segundo, CA
Property Size3,330 SF
Lot Size0.08 Acres
Price / SF$780.78
Days on Market138
Property Features for 319 Richmond
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
3
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 2, Laundry Room
Parking
7
Lot features
Level with Street, Rectangular Lot
Directions
1 block West of Main St. 1 block North of Grand Ave.
Subdivision
141 - El Segundo
Standard status
Active
APN
4136017019
Lot size
0.08 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
private patios
dedicated storage
Building Details
Year built
1946
Floors in Building
2
Number of units
4
Listing Agency:
Estate Properties
(310) 647-1635
Listed By:
Bill Ruane · License #00972400
(310) 877-2374
Added: Apr 11
Changed: Aug 25
Last Checked: Aug 26 at 7:06AM
MLS# SB26091945
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 319 Richmond Street in El Segundo, this mixed-use property includes 1,400 square feet of retail space alongside three one-bedroom, one-bath residential units. Each apartment has a private patio, while dedicated storage supports the property’s residential and commercial components. The building dates to 1946 and is served by public water and public sewer.
The property sits on Richmond Street, within a corridor that includes retail, office, restaurants, shops, and boutiques. It is four blocks from the Pacific Ocean and includes eight on-site parking spaces. The combination of storefront space and multiple residential units provides a distinct commercial and residential configuration in El Segundo’s coastal setting.
The property sits on Richmond Street, within a corridor that includes retail, office, restaurants, shops, and boutiques. It is four blocks from the Pacific Ocean and includes eight on-site parking spaces. The combination of storefront space and multiple residential units provides a distinct commercial and residential configuration in El Segundo’s coastal setting.
Key Highlights
- 1,400 square feet of retail space
- Three one‑bedroom, one‑bath residential units
- Private patios for each residential unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,675
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,473,500
$1.5M
Cap Rate 7%
$1,052,500
$1.1M
Cap Rate 9%
$818,611
$818.6K
Market Conditions
NOI Build-Up for 3,330 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$112.7K $33.84/SF
− Vacancy
−$7.4K −$2.23/SF
EGI
$105.2K $31.61/SF
− OpEx
−$31.6K −$9.48/SF
NOI
$73.7K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,473,500
Cap Rate 7%
$1,052,500
Cap Rate 9%
$818,611
Alternative Uses
Best Use
Retail
$1.05M
$920.9K – $1.23M
NOI $73,675 @ 7.0% cap · market cap 2.83%
Second Best
Mixed Use
$963.3K
$842.9K – $1.12M
NOI $67,433 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,801 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,486
Businesses Nearby
Explore this area
Business Placement
Demographics for 90245, CA
17,272
Population
7,677
Households
2.2
Avg Household Size
39
Median Age
63%
College-Educated
98%
High-School Grad
5.3 sq mi
ZIP Area
3,259
Density / Sq Mi
$149,149
Median Household Income
$83,427
Median Earnings
$2,547
Median Rent
$1,521,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines a commercial storefront with three residential units, private patios, on-site parking, and dedicated storage.
Where is this mixed-use property located?
The property is located at 319 Richmond El Segundo, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 1,400 square feet of retail space; Three one‑bedroom, one‑bath residential units; Private patios for each residential unit
