3351 Marine Ave new Save Request In-Person Tour Request Virtual Tour
Gardena,CA 90249
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 37,881 sqft
Price per Sqft $393
MLS Listing ID 25533401
Bedrooms 81
Year Built 1960
Lot Size 1.234 Acres
Acres 1.2341
Property Sub-Type Multi-Family
Property Description
Marine Bay Apartments is a well-maintained 81-unit multifamily asset located at 3351 Marine Avenue in Gardena, California. A new investor has the opportunity to assume the existing Chase loan of $5,269,000 ata favorable fixed interest rate of 3.48% with monthly principal and interest payments of $24,447 until August 1, 2026.Built in 1960 and situated on a 1.23-acre parcel, the property features a diverse unit mix of (4) 2BD/1BA units, (31) 1BD/1BA units, and (46) studio units. Interiors offer spacious open floor plans, modern finishes, abundant natural light, updated kitchens and bathrooms, ample closet space, and energy-efficient fixtures. Marine Bay Apartments provides residents with an array of desirable amenities, including: controlled access entry, attractive community pool/sundeck, lush landscaped walkways, on-site laundry facilities, and ample parking. The property also benefits from an in-place RUBS program for water, sewer, gas, electricity and trash service. While Gardena is not subject to local rent control, the property is governed by California's AB 1482, allowing for annual increases of 5% + CPI -- currently totaling 8.9% in Los Angeles County for the period from August 1, 2024 to July 31, 2025. Strategic South Bay Location. Marine Bay Apartments is ideally positioned just five miles from Manhattan and Hermosa Beaches, with seamless access to major transportation corridors including the 405,105,110, and 91 freeways. This strategic location provides connectivity to employment hubs across Los Angeles and Orange Counties. Gardena continues to establish itself as a desirable rental market, supported by a central South Bay location, robust transportation infrastructure, and a growing pipeline of residential developments. As Gardena evolves through strategic urban revitalization and housing expansion, Marine Bay Apartments presents investors with a compelling opportunity to acquire a well-maintained asset in a supply-constrained, high-demand submarket with strong fundamentals and long-term growth prospects.
Location
State CA
County Los Angeles
Area Bodger Park/El Camino Village
Zoning LCR3YY
Rooms
Other Rooms None
Kitchen Granite Counters
Interior
Heating Wall
Cooling Window Unit(s)
Flooring Laminate
Equipment Ceiling Fan, Range/Oven
Laundry Community
Exterior
Parking Features Carport, Covered Parking
Garage Spaces 72.0
Pool Community, In Ground
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard