940 Hillcrest Street

El Segundo, CA 90245

$2,000,000
Price
6
Beds
8
Baths
6,000 Sq. Ft.
$333 / Sq. Ft.
6,000
Sq. Ft.
$333
per Sq. Ft.

Description

Introducing an exceptional investment opportunity: a charming rental property boasting two spacious 3-bedroom, 2-bathroom units with garage parking, ideally situated within walking distance of the beach. This income-generating gem offers the perfect blend of coastal living and lucrative rental potential. Each unit is thoughtfully designed for comfort and convenience, with modern amenities and a prime location that appeals to tenants seeking a beachside lifestyle. Don't miss out on this rare chance...Introducing an exceptional investment opportunity: a charming rental property boasting two spacious 3-bedroom, 2-bathroom units with garage parking, ideally situated within walking distance of the beach. This income-generating gem offers the perfect blend of coastal living and lucrative rental potential. Each unit is thoughtfully designed for comfort and convenience, with modern amenities and a prime location that appeals to tenants seeking a beachside lifestyle. Don't miss out on this rare chance to own a high-income property with excellent cash flow potential in a highly desirable beachfront community.
  1. Listed by Alfred Alcala • DRE #02089785 • Brokerage DRE #01291397 • Big Block Powerhouse Realty • chrisalcalabusiness@icloud.com

Property Details for 940 Hillcrest Street

Parking Spaces Total
2
Private Pool
No
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
6000
Assessor Parcel Number
4131-001-058
Property Attached YN
true
LISTING UPDATED: 08/02/2024 11:31 PM

Property Details for 940 Hillcrest Street

StatusActive
MLS #DW24159607
Days on Market89
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1996
Lot Size0.12 AC / 5,363 SF
CountyLos Angeles County

Building Information for 940 Hillcrest Street

Stories2Residences-Year Built1996Building Size-Lot Size0.12 AC / 5,363 SF

Property Information for 940 Hillcrest Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $64,800
  • Gross Scheduled Income: $5,400
  • Net Operating Income: $56,450
Expense Details
  • Operating Expense: $200
  • Fuel Expense: $1,200
  • Electric Expense: $1,200
  • Insurance Expense: $250
  • Trash Expense: $100
  • Water Sewer Expense: $0
  • Total Expenses: $550
Tax / Assessment Info
  • Tax Tract Number: 9549
  • Tax Census Tract: 6201.01
  • CFD/Mello-Roos Fee: $769
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Dog Park
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 6
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,750
  • Unit Type Total Rent: $5,400
  • Unit Type Pro Forma: 3400
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 940 Hillcrest Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 940 Hillcrest Street

Taxable ValueLand$1,537,711Additions$555,573Total$2,093,284
Tax Record2024$24,224 ($2,019 / month)
Home Facts
Total Finished SqFt3,561 SqFtAbove Grade Finished SqFt3,561 SqFtLot Size5,363 SqFtStyleDuplexYear Built1984ZoningESR1VVCountyLOS ANGELESAPN4131-001-058

Schools near 940 Hillcrest Street

This home is within El Segundo Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Richmond Street Elementary School
PublicK to 5

El Segundo Middle School
Public6 to 8

El Segundo High School
Public9 to 12

Arena High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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940 Hillcrest Street is a multi-family home for sale in El Segundo, CA 90245. This property was listed for sale on August 2, 2024 by Big Block Powerhouse Realty, it's currently listed at $2,000,000. This listing's school district is El Segundo Unified School District. Nearby schools include Richmond Street Elementary School, El Segundo Middle School and El Segundo High School. 940 Hillcrest Street is a 6-bed, 8-bath, 6,000 sqft multi-family home built in 1996.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Big Block Powerhouse Realty, Alfred Alcala, DRE #02089785

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.