CBRE, Inc. is proud to present 436-440 W. Imperial Avenue in the city of El Segundo. This sixteen-unit value-add property offers an investor the unique opportunity to own in one of the most attractive rental markets within the South Bay area.
436-440 W. Imperial Avenue is a two-story, 16-unit property, consisting of four-4 unit buildings on the same parcel. Constructed in 1954 on a ±15,771 square foot lot, with a total building size of ±10,672 square feet, all 16 units are 2 bedroom/1 bath with individual hot water heaters. Parking consists of a combination of carports and open space parking for a total of 16 spaces. Utilities are separately metered for gas and electric and water/sewer is master metered. The property has been under long-term ownership and rents are approximately 35% under market level.
436-440 W. Imperial Avenue offers an unparalleled location within the city. Within walking distance to the beach and the hip downtown Main Street with its’ crowd drawing restaurants, trendy tavern’s and boutiques or take a short drive over to The Point on Pacific Coast Highway, to enjoy an array of vibrant shopping and dining options.
El Segundo balances an ideal business environment with a small-town community to provide the highest quality of life for its employers and residents. There are tree-lined neighborhoods with award winning schools, parks, athletic fields, as well as a wealth of dining and retail experiences that range from historic Main Street to modern lifestyle centers. All of which are set within a thriving business community that offers a variety of modern and well-designed commercial spaces.
El Segundo celebrated its centennial anniversary in 2017, commemorating 100 years of innovation, leadership, and growth. Over the last 100 years, El Segundo has become a thriving business center. Recognized as the aerospace capital of the world, it is also home to AT&T, the LA Times, DaVita Healthcare, Mattel, Boeing, Chevron, Northrop Grumman, Oracle, and Raytheon. The city has earned a reputation as one of the best places to work and live. El Segundo’s business-friendly environment, skilled workforce, proximity to LAX, the 105 and 405 Freeways, and its South Bay address have attracted companies from Fortune 500’s to start-ups.
El Segundo also benefits from its close-proximity to the Westside and Silicon Beach. Just a few miles north of El Segundo numerous tech companies have established themselves including; Google, Yahoo!, YouTube, BuzzFeed, Facebook, Salesforce, AOL, Electronic Arts, Sony, and MySpace.
In summary, what draws residents and businesses to El Segundo, its coastal location, strong and diversified employment base, and ease and variety of transportation options, also draws astute investors looking for a location that will preserve and grow their investments.
