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631 W Pine Avenue, El Segundo, California 90245, El Segundo, 90245 - 3 bed, 2 bath

631 W Pine Avenue, El Segundo, California 90245 home-pic-0
ACTIVE$1,450,000
631 W Pine Avenue, El Segundo, California 90245
3Beds
2Baths
1,364Sqft
5,429Lot

Price Vs. Estimate

The estimated value ($1,450,000) is $0 (0%) lower than the list price ($1,450,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Coastal Location: Situated in a prime El Segundo location, offering walkability to beaches, boutique shops, popular cafes, and acclaimed restaurants, within a highly-rated school district and family-friendly community.
Top Cons:
Substantial Renovation Required: The property's full value and modern appeal are contingent on a significant and costly renovation, despite the convenience of approved plans.

Compared to the nearby listings

Price:$1.45M vs avg $1.98M ($-530,000)14%
Size:1,364 sqft vs avg 1,799 sqft24%
Price/sqft:$1.1K vs avg $1.1K50%

More Insights

Built in 1952 (73 years old).
Condition: Built in 1952, this property is significantly outdated. The kitchen features original-style wooden cabinets, old white appliances, dated linoleum flooring, and fluorescent lighting, indicating a complete lack of modern updates. Other visible rooms show worn hardwood floors, old linoleum, and dated light fixtures, along with wall-mounted heaters. While the property is described as 'quickly refreshable for comfortable immediate occupancy,' the listing's emphasis on 'FULLY APPROVED REMODEL PLANS' for a 'contemporary masterpiece' strongly suggests the current condition requires substantial rehabilitation and a complete overhaul to meet modern living standards and market expectations. The property's value is largely tied to its redevelopment potential with the approved plans, rather than its current, very dated state.
Year Built
1952
Close
-
List price
$1.45M
Original List price
$1.59M
Price/Sqft
$1,063
HOA
-
Days on market
-
Sold On
-
MLS number
25528329
Home ConditionPoor
Features
Good View: City Lights, Mountain(s)
Patio
ViewCity Lights,Mountain(s)

About this home

Rare Opportunity in Prime El Segundo Location! Transform 631 W. Pine into your dream coastal sanctuary with FULLY APPROVED REMODEL PLANS! The permits are ready to pick up and immediately start construction. Meticulously designed by a prominent architecture team this exceptional renovation project is set to create a contemporary masterpiece reconfigured with 3 luxurious en suite bedrooms, a total of 4 bathrooms, and a spacious, open-concept living area. Expansive sliding glass doors seamlessly integrate the indoor spaces with a private entertainment courtyard, offering an idyllic indoor-outdoor flow perfect for the ultimate beach lifestyle.Working with the city of El Segundo extensive time, effort, and investment have gone into crafting these outstanding renovation plans. The new owner will inherit comprehensive budgets, competitive bids, and the flexibility to either utilize the existing professional teams or manage the renovation themselves, significantly reducing time, and costs.Alternatively, the existing charming 3-bedroom, 1-bath home can be quickly refreshed for comfortable immediate occupancy.Nestled just west of Main Street and only a short stroll from Grand Avenue, this quiet retreat is conveniently positioned near El Segundo Beach, the famous El Porto surf spot, picturesque bike paths, boutique shops, popular cafes, and acclaimed restaurants. El Segundo is celebrated for its family-friendly community, outstanding schools, and vibrant local culture, making it one of the most sought-after neighborhoods along the coast. Single family homes in this premier location consistently command prices from $2M to well above $3M, underscoring the exceptional investment potential and value of this unique property.Whether embracing the meticulously planned renovation or lightly updating the current home, this property offers a rare and compelling opportunity to craft your ideal beachside haven. Your dream home in El Segundo awaits

Nearby schools

9/10
Richmond Street Elementary School
Public,•K-5•0.3mi
9/10
Center Street Elementary
Public,•K-5•1.1mi
8/10
El Segundo Middle School
Public,•6-8•1.1mi
10/10
El Segundo High School
Public,•9-12•0.4mi

Price History

Date
Event
Price
04/25/24
Sold
$1,210,000
Condition Rating
Poor
Built in 1952, this property is significantly outdated. The kitchen features original-style wooden cabinets, old white appliances, dated linoleum flooring, and fluorescent lighting, indicating a complete lack of modern updates. Other visible rooms show worn hardwood floors, old linoleum, and dated light fixtures, along with wall-mounted heaters. While the property is described as 'quickly refreshable for comfortable immediate occupancy,' the listing's emphasis on 'FULLY APPROVED REMODEL PLANS' for a 'contemporary masterpiece' strongly suggests the current condition requires substantial rehabilitation and a complete overhaul to meet modern living standards and market expectations. The property's value is largely tied to its redevelopment potential with the approved plans, rather than its current, very dated state.
Pros & Cons

Pros

Exceptional Coastal Location: Situated in a prime El Segundo location, offering walkability to beaches, boutique shops, popular cafes, and acclaimed restaurants, within a highly-rated school district and family-friendly community.
Ready-to-Build Approved Plans: Comes with fully approved remodel plans and permits ready for pickup, significantly reducing pre-construction time, effort, and costs for a modern luxury home.
High Investment Upside: Located in an area where renovated single-family homes consistently command prices from $2M to well above $3M, offering substantial equity growth potential post-renovation.
Modern Design Potential: The meticulously designed approved plans detail a contemporary masterpiece with 3 luxurious en-suite bedrooms, 4 bathrooms, open-concept living, and seamless indoor-outdoor flow.
Flexible Development Path: Offers the unique flexibility to either immediately commence the high-end renovation or lightly refresh the existing charming home for comfortable immediate occupancy.

Cons

Substantial Renovation Required: The property's full value and modern appeal are contingent on a significant and costly renovation, despite the convenience of approved plans.
Current Outdated Condition: The existing 1952 home with 3 bedrooms and 1 bath is likely dated and requires considerable upgrades to meet contemporary living standards and buyer expectations.
Project Management & Cost Burden: While budgets and bids are provided, the new owner will still bear the financial burden and management responsibilities of overseeing a large-scale construction project.

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