About this home

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.

Facts and features

Schools

• Richmond Street Elementary School

  elementary · K-5 · 0.5 mi

  10

• El Segundo High School

  high · 9-12 · 0.5 mi

  10

• El Segundo Middle School

  middle · 6-8 · 1.2 mi

  9

• Waterhouse Guild

  elementary · K-12 · 0.7 mi

• Arena High (Continuation) School

  high · 9-12 · 0.7 mi

  3

• Center Street Elementary

  elementary · K-5 · 1.0 mi

  9

Price history

• Sep 28, 2026 · Price Changed$3,200,000
• Aug 25, 2026 · Listed$3,400,000
• Dec 3, 1986 · Sold$335,000

Tax history

• 2025$5,161 tax · $349,799 assessed
• 2024$4,969 tax · $342,941 assessed
• 2023$4,871 tax · $329,626 assessed
• 2022$4,911 tax · $323,164 assessed
• 2021$4,885 tax · $316,829 assessed
• 2020$4,810 tax · $313,581 assessed
• 2019$4,754 tax · $307,433 assessed
• 2018$4,325 tax · $301,406 assessed

Where it is