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$15,275,000
69 Days Online

3351 Marine Avenue
Gardena, CA 90249

For Sale|Multi-Family|Active
County:
Los Angeles
Listed by David Holstein of The Holstein Group 310-345-9994

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310-902-7214
3351 Marine Avenue3351 Marine Avenue3351 Marine Avenue3351 Marine Avenue
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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.

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Listing Snapshot
Price 
$15,275,000
Days Online 
69 Days
Bedrooms 
N/A
Inside Area (SqFt) 
37,881 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.2341 Acres
Year Built 
1960
MLS® Number 
SB24097501
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
6 days agoListing updated with changes from the MLS®
6 days agoPrice changed to $15,275,000
2 months agoListing first seen online
General Features
Parking Spaces 
0
Sewer 
Public Sewer
Number of Stories 
2
Acreage 
1.2341
Water 
Public
Property Sub Type 
Apartment
Garage Spaces 
0
Zoning 
LCR3YY
Listing Conditions 
Standard
Interior Features
Appliances 
Electric Oven
Laundry Features 
Common Area
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Exterior Features
Pool Features 
Community
Pool Expense 
2400
Lot 
Over40 Units Acre
Community Features
Community Features 
SidewalksPool
Senior Community 
No
MLS Area 
111 - Bodger Park/El Camino


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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