3351 Marine AVE, Gardena, CA 90249 – 25533401 - Patricia Beattie

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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$14,900,000

Est. payment - /mo

81 Beds

83 Baths

37,881 SqFt

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UPDATED:

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

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Listed by Kimberly Roberts Stepp • Keller Williams Beverly Hills

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Patricia Beattie

+1(415) 286-8292

Broker | License ID: 01405369

Broker License ID: 01405369

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3351 Marine AVE Gardena, CA 90249

Patricia Beattie

Key Details

Location

Interior

Exterior

Building

Others

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