507 E Grand Avenue, El Segundo, California 90245, El Segundo, 90245 - 2 bed, 1 bath
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507 E Grand Avenue
El Segundo, California 90245
ACTIVE
CONDITION: FAIR
2Beds
1Baths
871Sq Ft
7,003Lot Size
Property Price
LIST PRICE$1,550,000
EST. MARKET VALUE
$1,494,787
3% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,550,000—positioned above the $1,494,788 Fair Market Value. While the home has a Condition Rating of 4, the expansive 7,003 sq ft R2 Zoning offers significant development upside for expansion or an ADU. Located in a premier district with Top-Rated Schools (10/10 High School), this asset provides long-term stability. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage land value in a high-demand, walkable El Segundo location.
Estimated Market Value
$1,494,787
Based on Realkey algorithm analyzing recent comparable sales in El Segundo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 507 E Grand Avenue Subject | $1,550,000* List Price | 2 | 1 | 871 | $1,716 | - |
A 529 Sierra Place Sold | $1,400,000 | 2 | 1 | 720 | $1,944 | 0.3 mi |
B 519 E Sycamore Avenue Sold | $1,375,000 | 2 | 1 | 902 | $1,524 | 0.6 mi |
C 705 W Palm Sold | $1,760,000 | 3 | 2 | 1,175 | $1,498 | 0.9 mi |
D 865 Center Street Sold | $1,548,000 | 3 | 2 | 1,172 | $1,321 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
While the bathroom shows a modern renovation with updated fixtures and subway tiling (likely <10 years old), the 1949 build date and the listing's emphasis on the large R2 lot and the opportunity to 'make this home your own' suggest that the overall structure and primary systems are dated and require further updates to be considered move-in ready by modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Great Schools
Elementary School: Center Street Elementary (9/10). High School: El Segundo High School (10/10).
- Development Potential
The large 7,003 sq ft lot with R2 zoning offers a significant investment opportunity to build a second unit or expand the existing footprint in a high-demand area.
CONSRISKS & DEFICIENCIES
- Limited Living Space
At only 871 square feet, the current 2-bedroom bungalow is quite small for the price point and may require immediate expansion to meet modern living standards.
- High Price per Square Foot
The $1.55M list price reflects the land's development value rather than the utility of the existing structure, resulting in a high cost basis for the current square footage.
About 507 E Grand Avenue
This is your opportunity to own a beach bungalow on a large (approx 7,000 sq ft) R2 lot in well sought-after El Segundo. Situated near El Segundo's vibrant downtown, this location is incredibly walkable to shops, restaurants, schools and parks. Make this home your own and/or build another unit. There are so many options with this property that you should see it for yourself!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 7,003 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
El Segundo Unified Schools
Richmond Street Elementary School
Grades K-5 • 0.5 mi
9/10
Center Street Elementary
Grades K-5 • 0.5 mi
9/10
El Segundo Middle School
Grades 6-8 • 0.4 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.5 |
| Baths | 1.0 | 2.1 |
| Square foot | 871 | 1,609.276 |
| Lot Size | 7,003 | 5,590.966 |
| Price | $1.55M | $1.86M |
| Price per sq ft | $1.8K | $1.2K |
| Built year | 1949 | 1952 |
| HOA | $0 | $0 |
| Days on market | 65 | 60 |
Pricing History
Listed for Sale
Jul 6, 2026
$1,550,000
Initial Listing