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3351 Marine Ave
Gardena, CA 90249 Gardena

$13,900,000 USD

Apartments For Sale • 81,001 SF

Property Details

Property Type Apartments
Total Building Size 37,881 SF
Lot Size 1.2 AC
Building Class C
Year Built 1960
Cap Rate 6.90 %
Zoning R3, County

0 Transit Score

50 Walk Score

                
                    Highlights
                
                                8.4 x Gross | 6.9% Cap Rate at Current Rents
                            
                                7.3 x Gross | 8.7% Cap Rate at Market Rents
                            
                                10.2% Cash-on-Cash Return at Current Rents; 16.4% Cash-on-Cash Return with Rents at Market
                            
                                Only 171,605 Per Unit
                            
                                Most Rents Eligible for Immediate 4.93% Increase
                            
                                Swimming Pool, Lush Landscaped Walkways, On-Site Laundry Facilities, Ample Parking

Cap Rate:

6.90 %

Amenities

Courtyard
Laundry Facilities
Pool
Gated
Laundry Service
Kitchen
Refrigerator
Oven
Range
Tub/Shower

Public Transportation

Airport	Drive	Walk	Distance
Los Angeles International	14 min	-	8.8 mi
Long Beach (Daugherty Field)	20 min	-	13.8 mi
Bob Hope	42 min	-	31.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	72
Type:	Covered
Included in Rent:	Yes

Kimberly Stepp 310-702-0400 Stepp Commercial

3351 Marine Ave Gardena, CA 90249 Gardena