848 Penn Street
Listed by Bill Ruane CA DRE# 00972400 with Estate Properties 310-877-2374
Sold

848 Penn Street

848 Penn Street, El Segundo, CA 90245

$1,650,000
Nestled in a quiet El Segundo neighborhood, this well-maintained triplex sits on a 7,268 sq ft R2 lot and offers strong income potential. The property features three units: two 1-bed/1-bath units and one 2-bed/1-bath unit. The property has a history of steady and reliable rental income.

A major value-add opportunity is in progress: plans and permits are underway for a two-story 2-bed/2-bath ADU (approx. 1,200-1,300 sq ft, pending city approval). All permit fees have been paid by the seller, and documentation from the Assessor's Office is available upon request.

This is a rare chance to invest in a turnkey property with immediate upside potential.

Studio

1,793 Sq.Ft. LIVING AREA

7,150 Sq.Ft. lot

Bill Ruane

Bill Ruane

Key Features

Features & Amenities

Interior

  • total bedrooms0
  • Laundry room None

Area & Lot

  • Status Sold
  • Living Area1,793 Sq.Ft.
  • Total Area1,793 Sq.Ft.
  • Lot Area7,150 Sq.Ft.
  • MLS® IDSB25056069
  • TypeMulti-Family
  • YEAR BUILT1943
  • NeighborhoodEl Segundo

Exterior

  • STORIES1
  • water SourcePublic
  • PoolNone
  • lot featuresYard
  • parkingNone
  • sewerPublic Sewer

Financial

  • Sales Price$1,650,000
  • Maintenance Fee $1,000/mo
  • Zoning ESR2YY

El Segundo

Renowned globally as a powerhouse of aerospace and technology, it’s home to titans like Boeing & Lockheed Martin.

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Work With Bill

Bill wholeheartedly believes in building wealth with a well-planned portfolio of residential, commercial and multi-unit properties. His honest approach and reputation for maximum client care have earned him the respect and loyalty of hundreds of clients.

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