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$1,650,000
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Property Description
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.
Full Property Details
Full Property Details for 848 Penn St
General
- Sold For: $1,650,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SB25056069
- Added to Site: 311 day(s) ago
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
Parking
- Parking Features: None
- Parking: None
Location
- Area: 141 - El Segundo
- County: Los Angeles
- Development Name: 141 - El Segundo
- Driving Directions: From Main St., East on Walnut, South on Penn St.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Gas Meters: 3
- # Electric Meters: 3
Structural Information
- Entry Location: Street
- Stories/Levels: One
- Stories Description: One
- Square Feet: 1,793
- Year Built: 1943
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.1641
- Lot Size Source: Assessor
- Zoning: ESR2YY
- Lot Description: Yard
Financial Considerations
- Price Per Sq. Ft.: $920.25
- Price Per Unit: 566333
Listed by Estate Properties, Bill Ruane and Real Estate Source, Inc., Heba Abulazm
Sold by CENTURY 21 Affiliated, Dimuth Wijemanne
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Schools
Schools serving 848 Penn St
School District:El Segundo Unified School District
| Name | Grades | Distance |
|---|---|---|
Center Street Elementary 700 Center Street, El Segundo, CA 90245 | K-5 | 0.4 mi |
El Segundo Middle School 332 Center Street, El Segundo, CA 90245 | 6-8 | 0.6 mi |
El Segundo High School 640 Main Street, El Segundo, CA 90245 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 848 Penn St
Date
Details
Price
Change
Source
12/17/2025
Sold
$1,650,000
-2.88%
MLS
9/25/2025
Price Reduced
$1,699,000
-2.3%
MLS
9/14/2025
Price Reduced
$1,739,000
-3.34%
MLS
5/08/2025
Price Reduced
$1,799,000
-4.76%
MLS
3/14/2025
Listed
$1,889,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
848 Penn Street, El Segundo, CA 90245 (MLS# SB25056069) is a Multi-Family property that was sold at $1,650,000 on December 17, 2025. Want to learn more about 848 Penn Street? Do you have questions about finding other Multi-Family real estate for sale in El Segundo? You can browse all El Segundo real estate or contact a Coldwell Banker agent to request more information.

