29
See all 29 photos
$14,900,000
Est. payment /mo
81 Beds
83 Baths
37,881 SqFt
New
3351 Marine AVE Gardena, CA 90249
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Key Details
Property 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
HOA Y/N No
Year Built 1960
Lot Size 1.234 Acres
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 111 - Bodger Park/El Camino
Zoning LCR3YY
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Flooring Laminate
Fireplace No
Laundry Common Area
Exterior
Parking Features Covered, Carport
Pool Community, In Ground
Community Features Gated, Pool
Total Parking Spaces 72
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4071007005
Security Features Gated Community
Special Listing Condition Standard
Listed by Kimberly Roberts Stepp • Keller Williams Beverly Hills