321 Lomita Street, El Segundo - Listed for $2,600,000
Update - this home sold for $2,5811,875
This weeks featured home is a beautiful 5 bedroom home on Lomita Street with architecture the listing agent is calling “coastal farm house”. Built just a few years ago this home offers the spacious layout today’s luxury buyers are looking for while still offering some small town charm that fits well in El Segundo.
The home last sold for $2,300,000 on 04/02/18
PRICE: $2,600,000
BEDS: 5
BATH: 4 1/2
SQFT: 3,029*
PRICE PER SQFT: $858.37
LOT SIZE: 5,723 SQ FEET
GARAGE: 2 CAR SIDE BY SIDE
YEAR: 2018
Information on 321 Lomita Street El Segundo W Mariposa, El Segundo
April was a VERY slow month for home sales in El Segundo with only 3 properties closing escrow during the month. The median list price was $1,098,000 with the median sales price of $1,100,000 meaning the three homes basically sold for full price. The average price per foot was $754 and average days on market was 38. View the April 2020 home sales in other South Bay cities as well.
Under construction on a double lot - 728 W mariposa
Update* This home is currently in escrow
There have only ever been 3 homes on the market in El Segundo priced over $3,000,000 and none have actually sold. Two of them are currently on the market and the home at 728 Mariposa may be the first home ever to sell in this rarified air.
What makes this home so unique is that it sits on a double flag lot. The property currently has a small single level home which will become an ADU for the main home. The main house will be new construction offering 5 bedrooms, 5 baths and almost 4,500 square feet.
Priced at $3,750,000 we’ll update the sales price as soon as it’s released.
**Please note that this is an older post and the information below is from several years ago.
While home prices in neighboring Manhattan Beach often go well into the multi millions, El Segundo is still a far more affordable town to live in. Unlike it’s neighbor to the south, sold home prices in El Segundo average around $1,200,000 with anything over $3,000,000 extremely rare.
There has never been an on market home sale in El Segundo priced over $3,000,000 but that’s likely to change.
There have only been 3 homes ever priced over $3,000,000 and two of them are currently on the market. The home at 650 W Maple is priced at $3,785,000 and the home (property would be more accurate) at 728 W Mariposa is on the market at $3,750,000and is acautally in escrow. This is a really unique property so doesn’t quite equate to a standard residential sale as it’s a new home under construction on a massive double lot with a main home with 4,200 feet and a guest home/ADU as well.