Active
$14,900,000
81 Units
81 Beds
83 Baths
37,881 Area(sq.ft.)
Lot: 53,757 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | 2 | 1 | No | $ 2,000 | $ 8,000 | $ 2,700 |
| Unit 2 | 31 | 1 | 1 | No | $ 1,697 | $ 52,607 | $ 2,100 |
| Unit 3 | 23 | studio | 1 | No | $ 1,408 | $ 32,384 | $ 1,700 |
| Unit 4 | 23 | studio | 1 | No | $ 1,335 | $ 30,705 | $ 1,600 |
| 81 | 39 | 81 | $ 123,696 | $ 3,113,864 | $ 151,800 |
| MLS #: | 25533401 |
| Days On Market: | 218 |
| Listing Date: | May 1, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 393 |
| Price per unit: | $ 183,951 |
| Year Built: | 1960 |
Property Details
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. 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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 6% |
| Gross Operating Income: | $ 1,521,975 |
| Total Annual Expense: | $ 647,218 |
| Net Operating Income: | $ 874,758 |
| Gross Annual Income: | $ 1,439,870 |
| Gross Rent Multiplier: | 9.50 |
Structure
| Type of Units: | Apartment |
| Buildings: | 1 |
| Levels: | Two |
| Security Features: | Gated |
Land & Parking
| Zoning: | LCR3YY |
| Parking Garage: | Carport, Covered Parking |
| Covered Parking: | 72 |
| Total Parking: | 72 |
Interior
| AC/Cooling: | Window Unit(s) |
| Equipment: | Ceiling Fan, Range/Oven |
| Heating: | Wall |
| Kitchen Features: | Granite Counters |
| Laundry: | Community |
Exterior
| Pool: | True |
| Pool Description: | In Ground, Community |
Detailed Map
Schools
Find a great school for your child
Income
