Two Adjacent Six-Unit Apartment
For Sale
$2,095,000
1200 E Imperial Ave, El Segundo, CA 90245
Portfolio of two adjacent six-unit buildings with a 2-bedroom and 1-bedroom mix and separately metered utilities.
Property Size4,459 SF
Days on Market65
Property Features for 1200 E Imperial Ave
General Information
Standard status
Active
Size
4,459 SF
Total Parking Spaces
6
Property subtype
Investment
Additional Details
Multifamily Units
12
Building Details
Building Size
4,459 SF
Year Built
1955
Stories
2
Units
6
Tenancy
Multi
Listing Agency:
Estate Properties
(310) 877-2374
Listed By:
Bill Ruane · License #00972400
(310) 877-2374
Source:
Elliman
Added: Jun 23
Changed: Aug 8
Last Checked: Aug 25 at 10:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Estate Properties
Investment Insights
Based on property information with market context.
This offering includes two adjacent six-unit apartment buildings, which may be purchased separately. Each building contains two 2-bedroom units and four 1-bedroom units. The properties provide six covered parking spaces total, and gas and electricity are separately metered.
Both buildings are located near major employers, beaches, LAX, and public transportation, supporting convenient day-to-day access for residents. The bike and walk scores provided are 41 (Somewhat Bikeable) and 33 (Car-Dependent), respectively.
For investors seeking multifamily income property, the 12-unit combined configuration offers straightforward unit mix across two buildings, along with the benefit of separately metered utilities. The current structure also presents an opportunity to evaluate strategies such as increasing rental income and the possibility of adding accessory dwelling units (ADUs), subject to applicable approvals and regulations.
Both buildings are located near major employers, beaches, LAX, and public transportation, supporting convenient day-to-day access for residents. The bike and walk scores provided are 41 (Somewhat Bikeable) and 33 (Car-Dependent), respectively.
For investors seeking multifamily income property, the 12-unit combined configuration offers straightforward unit mix across two buildings, along with the benefit of separately metered utilities. The current structure also presents an opportunity to evaluate strategies such as increasing rental income and the possibility of adding accessory dwelling units (ADUs), subject to applicable approvals and regulations.
Key Highlights
- Portfolio includes two adjacent 6‑unit multifamily buildings at 1200 and 1204 E. Imperial Ave.
- Each building has 2 two‑bedroom units and 4 one‑bedroom units.
- Separately metered gas and electricity for each building.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,749
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,434,980
$1.4M
Cap Rate 7%
$1,024,986
$1.0M
Cap Rate 9%
$797,211
$797.2K
Market Conditions
NOI Build-Up for 4,459 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$141.8K $31.80/SF
− Vacancy
−$11.3K −$2.54/SF
EGI
$130.5K $29.26/SF
− OpEx
−$58.7K −$13.17/SF
NOI
$71.7K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,434,980
Cap Rate 7%
$1,024,986
Cap Rate 9%
$797,211
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$896.9K – $1.20M
NOI $71,749 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,113 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Explore this area
Business Placement
Demographics for 90245, CA
17,272
Population
7,677
Households
2.2
Avg Household Size
39
Median Age
63%
College-Educated
98%
High-School Grad
5.3 sq mi
ZIP Area
3,259
Density / Sq Mi
$149,149
Median Household Income
$83,427
Median Earnings
$2,547
Median Rent
$1,521,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Portfolio of two adjacent six-unit buildings with a 2-bedroom and 1-bedroom mix and separately metered utilities.
Where is this apartment building located?
The property is located at 1200 E Imperial Ave El Segundo, CA.
What is the asking price?
The asking price for this property is $2,095,000.
What are key features of this property?
This property features: Portfolio includes two adjacent 6‑unit multifamily buildings at 1200 and 1204 E. Imperial Ave.; Each building has 2 two‑bedroom units and 4 one‑bedroom units.; Separately metered gas and electricity for each building.
