Address
1130 Marine Avenue, Gardena, CA
Price
$ 12,000,000
Property Attributes
- MLS#SB21207747
- TypeIncome
- CountyLOS ANGELES
- CityGardena
- Zip90247
- Style
- Price$ 12,000,000
- Bedrooms55
- Full Bathrooms44
- Half Bathrooms0
- Sqr Footage27044
- Lot Size0.964853 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description
Proudly presenting for sale a Gardena multi-family investment opportunity at its finest. This extremely well-maintained property known as the El Dorado Apartments consists of 44 apartment units, laundry facilities, a large swimming pool, and a beautifully landscaped front and courtyard. The pride of ownership is on display throughout the exterior and interior of the property. It is secured and gated offering tenants ample parking and storage along dual driveways. A diversified unit mix of 75% one-bedroom, and 25% two-bedroom units offer tenants multiple options at different price points within their budget. With approximately 30%-40% in rental upside, this turn-key property will offer investors a healthy and profitable cash flow. The El Dorado Apartments are conveniently located at 1130 Marine Avenue in Gardena right next to the Memorial Hospital. Also, a block over is the major commercial corridor on Redondo Beach Blvd. where you will find acclaimed restaurants, shopping centers, and a major casino. Recreation Centers, award-winning schools, international markets, and access to major freeways can all be found within blocks of the El Dorado Apartments. In the thriving and highly sought-after South Bay real estate market, there is tremendous access to large employers, retailers, Downtown LA, the Los Angeles Airport (LAX), and pristine coastal communities. A new owner will have the opportunity to increase the value of this highly desirable and rarely seen investment offering of 44 spectacular apartment units in Gardena, California.
| Price History | |
|---|---|
| 9/21/2021 | Listed $12,000,000 |
General Features
| Carport Spaces | 43 |
|---|---|
| Carport Y/N | Yes |
| Community Features | Park, Pool |
| Listing Agent | Theodore Gardner - BRE#00328734 |
| Listing Agent State License | 00328734 |
| Lot Size Square Feet | 42029 |
| MLS Area | 699 - Not Defined |
| Open Parking Spaces | 1 |
| Pool Features | Community, Fenced, In Ground |
| Property Attached Y/N | Yes |
| Property Type | Residential Income |
| Senior Community Y/N | No |
| Sewer | Public Sewer |
| Special Listing Conditions | Standard |
| Status | Active |
| Terms | Conventional |
| Total Actual Rent | 52333 |
| Total Units | 44 |
| Water Sewer Expense | 23169 |
| Zoning | GAR3 |
Interior Features
| Common Walls | 2+ Common Walls |
|---|---|
| Laundry Features | Common Area |
Exterior Features
| Lot Features | Level, Near Park, Near Public Transit, Rectangular Lot |
|---|---|
| Lot Size Acres | 0.9649 |
| Lot Size Area | 42029 |
| Lot Size Source | Assessor |
| Lot Size Units | Square Feet |
| Number of Buildings | 1 |
| Number of Separate Electric Meters | 44 |
| Number of Separate Gas Meters | 44 |
| Parking Features | Controlled Entrance, Carport, Storage |
| Total Parking | 44 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 90247
Price
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of August 10, 2022 11:44 PM UTC 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.
