Apartment Building with In-Unit
New
For Sale
$2,950,000
141 Concord Street, El Segundo, CA 90245
Each unit includes washer and dryer hookups, supporting practical residential operations.
Property Size5,380 SF
Price / SF$548.33
Days on Market5
Property Features for 141 Concord Street
General Information
Standard status
Active
Size
5,380 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
5
Amenities
balcony
washer/dryer hook-up
Building Details
Year Built
1987
Listing Agency:
CB Richard Ellis,Inc.
Listed By:
Adam Peterson
(714) 497-3550
Source:
Sevengables
Added: Aug 12
Changed: Aug 16
Last Checked: Aug 16 at 4:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CB Richard Ellis,Inc.
Investment Insights
Based on property information with market context.
This 5,380-square-foot apartment property in El Segundo was built in 1987 and contains a total floor plan of 10 bedrooms and 10 bathrooms. Washer and dryer hookups are provided in every unit, and the balcony inspection has been completed.
The property is located in El Segundo, with access to the city’s aerospace and technology corridors. The source information also states that no local rent control applies. The configuration is suited to buyers seeking a residential income property with established apartment improvements and unit-level laundry connections.
The property is located in El Segundo, with access to the city’s aerospace and technology corridors. The source information also states that no local rent control applies. The configuration is suited to buyers seeking a residential income property with established apartment improvements and unit-level laundry connections.
Key Highlights
- 5,380‑square‑foot apartment property in El Segundo
- 10 bedrooms and 10 bathrooms in the total floor plan
- Washer and dryer hookups in every 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
$86,569
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
2.93%
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%
$1,731,380
$1.7M
Cap Rate 7%
$1,236,700
$1.2M
Cap Rate 9%
$961,878
$961.9K
Market Conditions
NOI Build-Up for 5,380 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
$171.1K $31.80/SF
− Vacancy
−$13.7K −$2.54/SF
EGI
$157.4K $29.26/SF
− OpEx
−$70.8K −$13.17/SF
NOI
$86.6K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
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%
$1,731,380
Cap Rate 7%
$1,236,700
Cap Rate 9%
$961,878
Alternative Uses
Best Use
Apartment 5plus
$1.24M
$1.08M – $1.44M
NOI $86,569 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,630 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
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?
Apartment building - Each unit includes washer and dryer hookups, supporting practical residential operations.
Where is this apartment building located?
The property is located at 141 Concord Street El Segundo, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 5,380‑square‑foot apartment property in El Segundo; 10 bedrooms and 10 bathrooms in the total floor plan; Washer and dryer hookups in every unit
