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$ 14,900,000
Est. payment | /mo
37,881 SqFt
$ 14,900,000
Est. payment | /mo
37,881 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 37,881 sqft
Price per Sqft $393
MLS Listing ID CL25533401
HOA Y/N No
Year Built 1960
Lot Size 1.234 Acres
Acres 1.23
Property Sub-Type Other
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 position
Location
State CA
County Los Angeles
Zoning LCR3
Interior
Heating Wall Furnace
Flooring Laminate
Fireplace No
Laundry Community Facility
Building
New Construction No
Others
Tax ID 4071007005
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Kimberly Roberts Stepp • Keller Williams Beverly Hills