1116 E Imperial Avenue, El Segundo, California 90245, El Segundo, 90245 - bed, bath
ACTIVE$2,250,000
1116 E Imperial Avenue, El Segundo, California 90245
0Bed
0Bath
4,459Sqft
8,011Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Center Street Elementary (9/10). High School: El Segundo High School (10/10).
Top Cons:
Property Age & Potential for Deferred Maintenance: Built in 1955, the property may require substantial capital expenditures for system upgrades, modernization, or addressing deferred maintenance.
Compared to the nearby listings
Price:$2.25M vs avg $2.59M ($-342,500)50%
Size:4,459 sqft vs avg 4,869.5 sqft50%
Price/sqft:$505 vs avg $53050%
More Insights
Built in 1955 (70 years old).
Condition: Built in 1955, this multi-unit property is 69 years old. While the exterior appears maintained, the listing's property analysis explicitly notes 'potential for deferred maintenance' and the need for 'system upgrades, modernization.' There is no indication of recent extensive renovations. Without interior photos, a detailed assessment of kitchens and bathrooms is impossible, but given the age and the stated need for modernization, these areas are highly likely to be outdated and require significant updates to meet current tenant expectations and maximize rental income. The property is functional but shows clear signs of age and deferred maintenance, aligning with the 'Fair' condition criteria.
Year Built
1955
Close
-
List price
$2.25M
Original List price
$2.25M
Price/Sqft
$505
HOA
-
Days on market
-
Sold On
-
MLS number
SB25255631
Home ConditionFair
Features
View-
About this home
A rare opportunity to purchase a Portfolio of multifamily Investment Properties. Two adjacent six-unit buildings ( 1112 & 1116 E. Imperial Ave.$2,250,000 each) each building consisting of Two-2 bedroom and Four-1 bedroom units. These buildings may be purchased separately. There are six covered parking spaces, separately metered gas and electricity, in a prime location near major employers, beaches, LAX, and public transportation. There is also significant potential for increased rental income and the possibility of adding accessory dwelling units (ADUs), presenting long-term investment opportunities. Located near El Segundo’s vibrant dining, shopping, and entertainment options—including The Point—this is a rare opportunity in one of the South Bay’s most sought-after areas. Call for more details.
Nearby schools
9/10
Center Street Elementary
Public,•K-5•0.4mi
9/10
Richmond Street Elementary School
Public,•K-5•0.9mi
8/10
El Segundo Middle School
Public,•6-8•0.7mi
10/10
El Segundo High School
Public,•9-12•0.8mi
Price History
Date
Event
Price
12/23/20
Sold
$4,200,000
Condition Rating
Fair
Built in 1955, this multi-unit property is 69 years old. While the exterior appears maintained, the listing's property analysis explicitly notes 'potential for deferred maintenance' and the need for 'system upgrades, modernization.' There is no indication of recent extensive renovations. Without interior photos, a detailed assessment of kitchens and bathrooms is impossible, but given the age and the stated need for modernization, these areas are highly likely to be outdated and require significant updates to meet current tenant expectations and maximize rental income. The property is functional but shows clear signs of age and deferred maintenance, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Great Schools: Elementary School: Center Street Elementary (9/10). High School: El Segundo High School (10/10).
Prime El Segundo Location: Located in highly sought-after El Segundo, offering proximity to major employers, LAX, beaches, and vibrant dining/shopping options like The Point.
Multifamily Investment Opportunity: A six-unit building (two 2-bedroom, four 1-bedroom units) providing immediate rental income and portfolio diversification.
Significant Value-Add Potential: Opportunities exist for increasing rental income and adding Accessory Dwelling Units (ADUs), enhancing long-term investment growth.
Separately Metered Utilities: Gas and electricity are separately metered for each unit, reducing landlord operating expenses and simplifying tenant utility management.
Tenant Amenities & School Access: Features covered parking spaces and a desirable unit mix, complemented by proximity to highly-rated schools, enhancing tenant attraction and retention.
Cons
Property Age & Potential for Deferred Maintenance: Built in 1955, the property may require substantial capital expenditures for system upgrades, modernization, or addressing deferred maintenance.
Limited Financial Transparency: The listing description does not provide specific financial information such as current rental income, operating expenses, or cap rate, which are essential for investor due diligence.
Rent Control Implications: As a multifamily property in California, it is likely subject to statewide rent control (AB 1482), potentially limiting the scope of future rent increases and impacting investment returns.