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221 Concord St, El Segundo, CA 90245
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221 Concord St El Segundo, CA 90245

$3,895,000
  • -- Beds
  • -- Baths
  • 7,824 Sq.Ft.
For Sale
$3,895,000 Get Pre-Qualified
Map preview of 221 Concord St, El Segundo, CA 90245

Property Overview: 221 Concord St El Segundo, CA has -- bedrooms, -- bathrooms, 7,824 living square feet and 5,726 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Three story Boutique Hotel. Upon entering, the ground floor features 10 rooms, restrooms and showers, a full size kitchen and lounge area. The top two floors each have 12 rooms. Each floor has shared restrooms, kitchens and showers. Hardwood floors throughout. Amazing opportunity to own a hotel in Downtown El Segundo near restaurants, shops and the Los Angeles Airport.

Listed by Bill Ruane | BRE #00972400 | RE/MAX Estate Properties
Co-listed by Lynn O'Neil | BRE #00880080 | Beach City Brokers
Last checked: 2 minutes ago | Last updated: May 18th, 2024 | Source CRMLS | DOM: 122
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Home details

Lot Sq. Ft
5,726
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Hotel/Motel
Status
Active
MLS#
SB24012091
City
El Segundo
County
Los Angeles
Time on Site
121 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 34
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 221 Concord St

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Property Details for 221 Concord St

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 34
  • Parcel Number: 4136023013
  • Year Built Source: Assessor
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: W Grand Ave. to Concord St.
View more facts & features

Local El Segundo Agent

Sale History for 221 Concord St

Last sold on March 28th, 2018

  • January, 2024

  • Jan 19, 2024

    Date

    Active

    CRMLS: SB24012091

    $3,950,000

    Price

  • March, 2022

  • Mar 1, 2022

    Date

    Expired

    CRMLS: 21798152

    $4,350,000

    Price

  • Oct 22, 2021

    Date

    Active

    CRMLS: 21798152

    $4,495,000

    Price

  • Listing provided courtesy of CRMLS

    Price reduced by $145,000. New asking price is $4,350,000. 221 Concord is a 1912 construction property in a prime downtown El Segundo location that is currently operated as an apartment building. Previously the property was operated as a hotel. The three-story wood frame and stucco structure has 34 rooms that are considered SROs (Single Room Occupancy) as they share common bathrooms. Each floor has 1 or 2 bathrooms as well as a kitchen area for tenants to use. Units are leased furnished with a month-to-month term. There are various value-added opportunities remaining including converting a large recreational room in the basement into additional units potentially as ADUs. The property is being offered at an unheard of 6.23% cap rate and 9.47 GRM with a low cost per unit of $127,911. Please submit all offers as the property is priced to sell immediately.

  • October, 2021

  • Oct 22, 2021

    Date

    Active

    CRMLS: 21798078

    $4,495,000

    Price

  • Listing provided courtesy of CRMLS

    221 Concord is a 1912 construction property in a prime downtown El Segundo location that is currently operated as an apartment building. Previously the property was operated as a hotel. The three-story wood frame and stucco structure has 34 rooms that are considered SROs (Single Room Occupancy) as they share common bathrooms. Each floor has 1 or 2 bathrooms as well as a kitchen area for tenants to use. Units are leased furnished with a month-to-month term. There are various value-added opportunities remaining including converting a large recreational room in the basement into additional units potentially as ADUs. The property is being offered at an unheard of 6% cap rate and 9.79 GRM with a low cost per unit of $132,206. Please submit all offers as the property is priced to sell immediately.

  • September, 2019

  • Sep 1, 2019

    Date

    Expired

    CRMLS: 19434096

    $4,450,000

    Price

  • Jun 28, 2019

    Date

    Withdrawn

    CRMLS: 19434096

    $4,450,000

    Price

  • Jun 12, 2019

    Date

    Price Change

    CRMLS: 19434096

    $4,450,000

    Price

  • Apr 23, 2019

    Date

    Active

    CRMLS: 19434096

    $4,495,000

    Price

  • Mar 22, 2019

    Date

    Pending

    CRMLS: 19434096

    $4,495,000

    Price

  • Mar 19, 2019

    Date

    Active

    CRMLS: 19434096

    $4,495,000

    Price

  • Feb 25, 2019

    Date

    Pending

    CRMLS: 19434096

    $4,495,000

    Price

  • Feb 13, 2019

    Date

    Active

    CRMLS: 19434096

    $4,495,000

    Price

  • Listing provided courtesy of CRMLS

    The 2TwentyOne is a hotel/apartment building situated three blocks from downtown El Segundo. The city recognizes the property as a 31-room hotel, however, currently it is operated as a hybrid between an apartment building and a hotel, where 34 rooms are available nightly, weekly or monthly, depending on not only the needs of the clientele but also the seasonal demand. Considered to be one of the lowest costs apartment buildings or hotels anywhere in the area, the property is of high demand and enjoys a very high occupancy rate. Please note that all rooms utilize shared bathrooms that are available on each floor and the property is considered an SRO (single room occupancy).

  • March, 2018

  • Mar 28, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2016

  • Mar 23, 2016

    Date

    Sold (Public Records)

    Public Records

    $3,350,000

    Price

Show More

Tax History for 221 Concord St

Assessed Value (2020): $3,626,146
Year Land Value Improved Value Assessed Value
2020 $1,731,890 $1,894,256 $3,626,146

Home Value Compared to the Market

This property vs the competition

221 Concord St is listed 132.54% higher than the median list price for the city of El Segundo which has a median list price of $1,675,000. The median price per/sqft for El Segundo is $758 and this home is listed at $497.83 per/sqft which puts the price per square foot 34.32% lower than the median price per square foot for the city of El Segundo.

About 221 Concord St

Detailed summary of property

221 Concord St is a hotel/motel located in El Segundo, CA 90245 and is currently for sale. This hotel/motel offers -- bedrooms, -- bathrooms, roughly 7,824 living square feet, and sits on an approximately 5,726 square foot lot. 221 Concord St was first listed on ArdentRealEstateGroup.com on January 20, 2024. The homeowner is currently asking $3,895,000 and was originally asking $3,950,000. The median priced home in El Segundo is $1,675,000 with a median price per square foot of $758. Based on Ardent Real Estate Group's El Segundo Market Data, this home is listed 132.54% higher than the median priced home. Local competing homes currently for sale include 2551 8th Ave, 1183 Crenshaw Blvd and 646 N Larchmont Blvd. While the average home in El Segundo, CA is selling in 86 days, 221 Concord St has a days on market of 122 days. There are currently 26 homes for sale in the El Segundo real estate market and 16 of them are single family homes while 6 of them are condos and 4 are townhomes. For more information on this home for sale at 221 Concord St El Segundo, CA 90245 contact Ardent Real Estate Group and we will put you in touch with one of our El Segundo agents.

Public Facts for 221 Concord St

Public county record property details
Beds
--
Baths
--
Year built
1912
Sq. Ft.
7,824
Lot Size
5,724
Stories
--
Type
Boarding House, Rooming House, Apt Hotel, Transient Lodgings, Hostel
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
4136-023-013

The source for these homes facts are from public records.

90245 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,675,000
Median List Price/Sq.Ft.
$758
Median Sold Price
$1,210,000
Median Sold Price/Sq.Ft.
$758
Total Inventory
26
Median Sale to List Price %
110.1%
Avg Days on Market
29
Loan Type
Conventional (62.5%), FHA (0%), VA (0%), Cash (12.5%), Other (25%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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