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. 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.
Property Details
Price:
$14,900,000
MLS #:
25533401
Status:
Active
Baths:
0
Address:
3351 Marine Avenue
Type:
Residential Income
Neighborhood:
111bodgerparkelcamino
City:
Gardena
Listed Date:
May 1, 2025
State:
CA
ZIP:
90249
Lot Size:
53,757 sqft / 1.23 acres (approx)
Year Built:
1960
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Schools
Interior
Flooring
Laminate
Heating
Wall Furnace
Interior Features
Ceiling Fan(s)
Exterior
Parking Features
Carport, Covered
Parking Spots
72.00
Pool Features
In Ground, Community
Security Features
Gated Community
Stories Total
2
Financial
Map
Community
- Address3351 Marine Avenue Gardena CA
- Area111 – Bodger Park/El Camino
- CityGardena
- CountyLos Angeles
- Zip Code90249
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3351 Marine Avenue
Gardena, CA
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