508 W Imperial Avenue, El Segundo, CA — listing photo 1
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FOR SALE

508 W Imperial Avenue

El Segundo, CA 90245
11,171 Lot Sq Ft
Built 1974
$3,200,000
Price ReducedWas $3,400,000 — $3,200,000 (-$200,000)

Property Overview

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 $3,200,000, the asset represents an attractive basis of approximately $290,909 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 6.34%. 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.

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Home Details

Property type
Residential Income - Mixed Use
Year built
1974
Lot size
11,171 sq ft
Parking
12 spaces
Carport
12 spaces
Stories
2
Days on market
34
MLS status
Active

Features & Amenities

Pool

  • None

Lot

  • Eleven To Fifteen Units Acre

Community, Schools & Utilities

Utilities

Water
Public
Sewer
PublicSewer
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Location & Neighborhood

508 W Imperial Avenue

El Segundo, CA 90245

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Frequently Asked Questions About 508 W Imperial Avenue

Property type: Residential Income

The current asking price is $3,200,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 508 W Imperial Avenue. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1974. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in El Segundo, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this El Segundo property.
The MLS currently reports the property as Active. It has been listed for 34 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

RB

Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Brett Lyon
MLS ID: SBLYONBRE

Available property

$3,200,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.