1048 Marine Avenue, Gardena CA, 90247

Sold

1048 Marine Avenue

Gardena CA, 90247

$3,950,000

$373.20 per sqft

Sold

10,584 sqft

Condo

Built in 1986

Listed by Parker Boehle with NorthMarq Realty Services, Inc 949-717-5200

Built in 1986, the Marine Ave. apartments consist of two adjacent (6) unit apartment buildings on
the same APN. The property is in the Gardena market, just east of Manhattan Beach and
Lawndale, and also surrounded by Hawthorne and Torrance. Situated on a 19,500 square foot
lot, the property offers (12) Two-Bedroom/Two-Bathroom units, each measuring just under 900
Sq.Ft. There are a total of (26) total parking spaces, as each unit is assigned Two Carport slots as
well as storage space. The on-site laundry room has been renovated with new washers and
dryers as well.
More than half of the units have been meticulously remodeled with high end finishes, featuring
new quartz countertops, new appliances, and new kitchen and bathroom vanities. In addition to
the unit remodels, units feature balconies offering quaint patio space. There was a new roof put
on just over a year ago, plumbing & electrical have been upgraded, new windows have been
installed, and the parking area has been repaved.
There is still plenty of upside in rental income to be had. This is a perfect opportunity for any
exchange buyer or investor looking to own a very low maintenance asset.

OC24026530

MLSⓇ ID

February 6, 2024

Listed

May 2, 2024

Updated

Map

1048 Marine Avenue
Gardena CA, 90247

Interior Features

Total Stories: 1
Laundry Description: Laundry Room
Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Floor Furnace

Exterior/Building Features

Lot Size: 0.45 Acres
Lot Features: 0-1 Unit/Acre
Sewer: Public Sewer

Other Property Details

Area Name: 119 - Central Gardena
Days on Market: 22
Garage: No
Parking Total: 26
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: GAR3
Buyer Agency Compensation: 2%

Listing History

Date	Event	Price
5/2/2024	Sold	$3,950,000
3/12/2024	Pending	—
2/29/2024	Under Contract	—

Listing Contact: 949-717-5200

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/2/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 5/2/2024 at 4:09 PM UTC