3351 Marine Avenue, Gardena
Gardena Home For Sale
The Marine Bay Apartments - an 81 Unit South Bay apartment complex located at 3351 Marine Ave., Gardena (Post Office Box Gardena) - situated and zoned by LA County. This rare offering - 1st time in over 20 years, is one of the largest investment multifamily apartment complexes available for sale in the entire South Bay / LA area. Situated in the growing and prosperous outskirts of the city of Gardena, yet regulated by the Los Angeles County Strip rental guidelines, this asset benefits from a permissible 4% annual rental increases while also collecting for utilities reimbursements via RUBS (Ratio Utility Billing System). Consisting of a solid mixture of 38% One Bedroom, 5% Two Bedroom, and 57% Studio & Grand Studio units (to be verified), this asset has consistently been able to attract residents from the local El Camino Community College, as well as facilitate housing for the massive employment base in the immediate surrounding area. Note: All Studio units have their own kitchenettes, the Grand Studios have kitchenettes and partition walls that provide privacy between the bedrooms and the other living areas (see floor plans in photos). All units benefit from the amazing tropical and tranquil landscape consisting of massive palm trees throughout the impressive and access to the center sparkling pool that adds to the surreal beauty of this 53,743 sq ft lot (per assessor). With approximately 75+ parking spaces (covered and open), employment, colleges, freeways, local beaches, and LAX Airports in close reach, this asset should provide amazing occupancy and upside due to extreme high demand for housing and the need for affordable housing. Note; Electrical Panels show brand GE. Balcony Bid in progress.
Property Details
Additional Information
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- City:
- Gardena
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- County:
- Los Angeles
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- Zip:
- 90249
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- MLS® #:
- SB24097501
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- Bedrooms:
- 3
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- Bathrooms:
- 49
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- Lot Size:
- 1.23
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- Levels:
- Two
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- HOA Dues:
- $
Price Change History for 3351 Marine Avenue, Gardena, (MLS® #SB24097501)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $15,995,000) | $15,275,000 | $720,000 (4.50%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 24th, 2024 at 10:36am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.