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About the Listing CLW-X74054 - CLW-X43300,CLW-L02592
Marine Bay Apartments is a well-maintained 81-unit multifamily asset located at 3351 Marine Avenue in Gardena, California. This strong investment opportunity has 9.1 x gross, 6.2% cap and 7.4% cash on cash with the existing rents. 7.6 x gross, 8.3% cap and 13.3% cash on cash with rents at market. A new investor has the opportunity to assume the existing Chase loan of $5,269,000 at a 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.
Listing Highlights for 3351 Marine Ave
Status
Active
Days on Site
17
Property Type
Multi-Family
MLS ®
25601505
Year Built
1960
Total Square Footage
37,881
Lot/Acreage
1.23
County
Los Angeles
Interior Details
- Bedrooms: 3
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor: Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s)
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 72
- Zoning: LCR3YY
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Carport,Covered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4071007005
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
3351 Marine Ave Gardena, CA 90249
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