508 W Imperial Avenue, El Segundo, California 90245, El Segundo, 90245 - 0 bed, 0 bath
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508 W Imperial Avenue
El Segundo, California 90245
ACTIVE
CONDITION: POOR
0Beds
0Baths
5,322Sq Ft
11,171Lot Size
Property Price
LIST PRICE$3,400,000
EST. MARKET VALUE
$3,526,867
3% BelowMARKET VALUE
SUMMARY
This 11-unit multifamily High-Potential Investment Opportunity is listed at a List Price of $3,400,000—positioned well below the $3,526,867 Fair Market Value by 3%. With $126,867 in Instant Equity, this asset offers significant value-add potential through interior renovations and ADU conversion. Despite a Poor Condition Rating due to its 1974 vintage, the property benefits from proximity to top-rated schools and major employment hubs. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term growth.
Estimated Market Value
$3,526,867+$126,867 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 508 W Imperial Avenue Subject | $3,400,000* List Price | 0 | 0 | 5,322 | $663 | - |
A 319 Richmond Active | $2,600,000 List Price | 0 | 0 | 3,330 | $781 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1974 (50 years old) and held by the same owner for four decades, the property is marketed as a 'value-add' opportunity requiring interior renovations. The age of the building and the lack of recent updates to kitchens, baths, and systems, combined with the need for rehab to achieve market rents, places it in the poor category.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Center Street Elementary (9/10). High School: El Segundo High School (10/10).
- Significant Value-Add Potential
The property offers a substantial 30% rental upside through interior renovations and the opportunity to convert existing garages into ADUs, providing a clear path to increased equity and cash flow.
- Attractive Investment Basis
Offered at approximately $309,091 per unit, this asset is priced well below the recent average for multifamily properties in the competitive El Segundo market, representing a strong entry point.
CONSRISKS & DEFICIENCIES
- Studio-Dominant Unit Mix
With seven out of eleven units being studios, the property may face higher tenant turnover and appeal to a narrower demographic compared to buildings with more multi-bedroom configurations.
- Likely Renovation Requirements
Having been held by the same owner for approximately 40 years, the 1974-built structure will likely require significant upfront capital expenditure for modernization to achieve projected market rents.
About 508 W Imperial Avenue
508 W Imperial Ave is an 11-unit apartment building located in the highly desirable El Segundo submarket, available for purchase for the first time in approximately 40 years. Built in 1974, the property features an attractive unit mix of four 1-bedroom/1-bath units and seven studio units totaling approximately 5,322 square feet on an 11,171 square foot lot. Offered at $3,400,000, the asset represents an attractive basis of approximately $309,091 per unit, well below the average cost per unit for multifamily properties sold in El Segundo over the last 12 months. The property offers a strong value-add component with approximately 30% remaining rental upside and a projected market CAP rate of 5.93%. New ownership has the opportunity to capture additional income through interior renovations and potentially convert the existing garages into attached ADUs through California’s favorable Accessory Dwelling Unit program (buyer to verify). Ideally situated in a desirable, relatively low-density pocket of El Segundo, 508 W Imperial Ave is within a 10-minute drive of approximately 20 million square feet of office space and benefits from convenient access to major employment hubs, LAX, the beach, Downtown El Segundo, dining, retail, and transportation corridors.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1974
- Lot Size
- 11,171 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
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 • 1.0 mi
9/10
El Segundo Middle School
Grades 6-8 • 1.2 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 5,322 | 4,459 |
| Lot Size | 11,171 | 8,009 |
| Price | $3.40M | $2.08M |
| Price per sq ft | $639 | $468 |
| Built year | 1974 | 1955 |
| HOA | $0 | $0 |
| Days on market | 15 | 25 |
Pricing History
Listed for Sale
Aug 25, 2026
$3,400,000
Initial Listing