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508 W Imperial Ave
El Segundo, CA 90245

$3,400,000 USD

Apartments For Sale  •  6,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,322 SF
  • Lot Size 0.26 AC
  • Building Class C
  • Year Built 1974
  • Zoning ESR3VV
30 Transit Score
40 Walk Score

Highlights

Long Term Ownership, Generational Asset Available for Purchase for the First Time in 40 Years
Extremely Attractive Cost Per Unit of $309,091 – the Average Cost Per Unit for MF Properties Sold in El Segundo over the Last 12 Months is $428,636
New Ownership has Potential to Convert Garages Through the State’s Favorable Attached Accessory Dwelling Unit (ADU) Program – Buyer to Verify
Strong Value Add Component - There is 30% Remaining Rental Upside that can be Captured Through Interior Renovations
Strong Employment Driver, The Property is Located Within a 10 Minute Drive to 20 Million SF of Office Space which Drives Rental Growth
Property is Located in a Highly Desirable Pocket of El Segundo with Relatively Low Density 

Public Transportation

AirportDriveWalkDistance
Los Angeles International 8 min - 3.4 mi
Long Beach (Daugherty Field) 27 min - 19.7 mi
Bob Hope 42 min - 28.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Covered
Included in Rent: Yes
Brett Lyon 310-780-1899 Lyon Stahl Investment Real Estate, Inc.
Brett Lyon 310-780-1899 Lyon Stahl Investment Real Estate, Inc.