507 E Grand Avenue, El Segundo, California 90245, El Segundo, 90245 - 2 bed, 1 bath
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El Segundo, California 90245
This property presents a High-Potential Investment Opportunity with a List Price of $1,550,000—positioned well below the $1,607,737 Fair Market Value by 3%. This valuation gap offers $57,737 in Instant Equity. Featuring a Condition Rating of 6 and Zoning R2 on a 7,003 sqft lot, the asset is primed for redevelopment. Located near top-rated schools like El Segundo High, this is a strategic acquisition for Buy-and-Hold Investors or Developers seeking to maximize land utility in a prime, walkable market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 507 E Grand Avenue Subject | $1,550,000* List Price | 2 | 1 | 871 | $1,846 | - |
A 352 Loma Vista Street Active | $1,899,000 List Price | 2 | 1 | 948 | $2,003 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1949 (75 years old) with no significant renovations mentioned. The listing explicitly suggests the option to 'start fresh' and highlights the large R2 lot, indicating the property's value is primarily in the land.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7003, living area = 871.
Elementary School: Center Street Elementary (9/10). High School: El Segundo High School (10/10).
The property features a large 7,003 sqft lot with R2 zoning, offering a rare and valuable opportunity for investors or builders to develop multiple units or a significant custom estate.
With only 871 square feet of living space, the current structure is undersized for the $1.55M price point, necessitating a major expansion or total rebuild to maximize utility.
Built in 1949 and marketed as a 'start fresh' opportunity, the home likely requires substantial capital investment to address aging systems or to clear the lot for new construction.
This is your opportunity to own a large R2 lot in well sought-after El Segundo. It is incredibly walkable to downtown, schools, restaurants, and parks. It is a great location! This is a 2 bedroom, 1 bath home that you can make your own and/or start fresh. OR make it an investment.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.5 mi
Grades 6-8 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.5 |
| Baths | 1.0 | 2.5 |
| Square foot | 871 | 2,049.5 |
| Lot Size | 7,003 | 5,713 |
| Price | $1.55M | $2.04M |
| Price per sq ft | $1.8K | $1.1K |
| Built year | 1949 | 1954 |
| HOA | $0 | $0 |
| Days on market | 16 | 59 |
Jul 6, 2026
$1,550,000
Initial Listing