Mixed-Use Property with Retail
For Sale
$2,600,000
319 Richmond, El Segundo, CA 90245
Retail and residential components combine with on-site parking and dedicated storage.
Property Size3,300 SF
Price / SF$780.78
Days on Market108
Property Features for 319 Richmond
General Information
Standard status
Active
Size
3,300 SF
Total Parking Spaces
8
Property subtype
Mixed Use
Units
Unit Mix
1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Amenities
dedicated storage
Building Details
Building Size
3,300 SF
Year Built
1946
Listing Agency:
Estate Properties
(310) 877-2374
Listed By:
Bill Ruane · License #00972400
Source:
Velocityrealtysd
Added: May 1
Changed: Aug 15
Last Checked: Aug 15 at 6:50AM
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 Estate Properties
Investment Insights
Based on property information with market context.
Built in 1946, this mixed-use property contains approximately 3,330 square feet, including 1,400 square feet of retail area. The residential portion comprises one two-bedroom, one-bath unit and two one-bedroom, one-bath units, creating a combined commercial and residential configuration.
The property is located at 319 Richmond Street in El Segundo, along the original Main Street corridor and four blocks from the Pacific Ocean. The surrounding Richmond Street setting includes retail, office, restaurant, shop, and boutique uses in a walkable coastal environment. Eight on-site parking spaces and dedicated storage serve the property’s occupants and customers.
The property is located at 319 Richmond Street in El Segundo, along the original Main Street corridor and four blocks from the Pacific Ocean. The surrounding Richmond Street setting includes retail, office, restaurant, shop, and boutique uses in a walkable coastal environment. Eight on-site parking spaces and dedicated storage serve the property’s occupants and customers.
Key Highlights
- Approximately 3,330 square feet of total property area
- 1,400 square feet of retail space
- Residential mix includes one two‑bedroom, one‑bath unit and two one‑bedroom, one‑bath units
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and residential components combine with 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: Approximately 3,330 square feet of total property area; 1,400 square feet of retail space; Residential mix includes one two‑bedroom, one‑bath unit and two one‑bedroom, one‑bath units
