I see these cars frequently in the cheap self-service wrecking yards, mostly with V8s but often with the mighty 5.4-liter V12 engine. It made 322 horsepower when new, which was very impressive by the standards of 20 years ago.
This car's final owner wanted to sell it, but found no takers. Did it get towed away for unpaid parking tickets, or did the seller get disgusted with the lowball offers and accept a couple hundred bucks (at most) from a big California wrecking-yard chain? Dead cars tell no tales.
There's no way to read the odometer on a digital display when you can't fire up the ignition, but the large number of air fresheners suggests many miles and many unpleasant scents inside.
If you aren't afraid of doing your own repairs, a big 1990s or 2000s German machine like this is about the very best luxury-per-dollar you'll ever find. Plenty of used parts to be had! This one has been picked over pretty hard, but there's a lot of stuff remaining for junkyard shoppers.
A reminder of happier times for the E38, when videos like this played nonstop at your local BMW showroom.