Property Detail
Description
2042 E El Segundo Blvd presents a rare opportunity to acquire a newly constructed, fully stabilized 9-unit multifamily asset with a Master Lease and that is located within an Opportunity Zone. Completed in 2025, this modern, 14,290 SF building sits on an 18,474 SF lot and features 9 townhome style contemporary construction units, thoughtful design, and long-term durability. Each of the 9 units is individually metered for water, gas, and electricity, and the tenant under the master lease covers a substantial portion of maintenance costs reducing operating expenses and simplifying management for the owner. The property is master-leased for three years with 3% annual rental increases, providing predictable income and strong in-place cash flow. At the current list price of $5,975,000, the investment delivers a cap rate of 6.72% and a GRM of 12.87, with a per-unit price of $663,889 and a cost of $418/sf, an exceptional value in today's Southern California market. Strategically located on E El Segundo Blvd, the property benefits from excellent transit access, proximity to major employment hubs, and the growth trajectory of Compton's redevelopment.
Map Location
Listing provided courtesy of Luis Carmona of Forward Real Estate. Last updated 2025-06-26 08:11:36.000000. Listing information © 2025 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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