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The Marine Bay Apartments - an 81 Unit South Bay apartment complex located at 3351 Marine Ave., Gardena (Post Office Box Gardena) - situated and zoned by LA County. This rare offering - 1st time in over 20 years, is one of the largest investment multifamily apartment complexes available for sale in the entire South Bay / LA area. Situated in the growing and prosperous outskirts of the city of Gardena, yet regulated by the Los Angeles County Strip rental guidelines, this asset benefits from a permissible 4% annual rental increases while also collecting for utilities reimbursements via RUBS (Ratio Utility Billing System). Consisting of a solid mixture of 38% One Bedroom, 5% Two Bedroom, and 57% Studio & Grand Studio units (to be verified), this asset has consistently been able to attract residents from the local El Camino Community College, as well as facilitate housing for the massive employment base in the immediate surrounding area. Note: All Studio units have their own kitchenettes, the Grand Studios have kitchenettes and partition walls that provide privacy between the bedrooms and the other living areas (see floor plans in photos). All units benefit from the amazing tropical and tranquil landscape consisting of massive palm trees throughout the impressive and access to the center sparkling pool that adds to the surreal beauty of this 53,743 sq ft lot (per assessor). With approximately 75+ parking spaces (covered and open), employment, colleges, freeways, local beaches, and LAX Airports in close reach, this asset should provide amazing occupancy and upside due to extremePROPERTY FEATURES
Number of Units : 81
Unit 1 : Number of Unit(s) : 1
Unit 1 : Total Bathrooms : 22
Unit 2 : Number of Unit(s) : 2
Unit 2 : Total Bathrooms : 24
Unit 3 : Number of Unit(s) : 3
Unit 3 : Total Bedrooms : 1
Unit 3 : Total Bathrooms : 1
Unit 4 : Number of Unit(s) : 4
Unit 4 : Total Bedrooms : 2
Unit 4 : Total Bathrooms : 2
Number of Units with Range/Oven : 81
Site : Sidewalks
Pool : Community/Common
Zoning : Appraiser
PROPERTY DETAILS
Street Address: Address not disclosed
City: Gardena
State: California
Postal Code: 90249
County: Los Angeles
MLS Number: SB24097501
Courtesy of The Holstein Group
City: Gardena
State: California
Postal Code: 90249
County: Los Angeles
MLS Number: SB24097501
Courtesy of The Holstein Group
Courtesy of Berkshire Hathaway HomeService