Finding You The Perfect Spot To Call Home.
Listing Provided Courtesy Of:
Theodore Gardner with Gardner - 310-489-1410
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
AVG $2.12M
$12M
Visits
AVG 34
648
Year Built
AVG 1944
1960
Walkscore
AVG 76
82
Data Provided by Walkscore ® not using MLS data

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