$3,950,000
$3,995,000
1.1%For more information regarding the value of a property, please contact us for a free consultation.
1048 Marine AVE Gardena, CA 90247
0.45 Acres Lot
Key Details
Sold Price $3,950,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC24026530
Sold Date 05/02/24
HOA Y/N No
Year Built 1986
Lot Size 0.447 Acres
Property Description
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.
Location
State CA
County Los Angeles
Area 119 - Central Gardena
Zoning GAR3
Interior
Heating Floor Furnace
Fireplace No
Laundry Laundry Room
Exterior
Carport Spaces 26
Pool None
Community Features Curbs, Golf, Gutter(s), Street Lights, Sidewalks
Total Parking Spaces 26
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6114029009
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Richard Park • Century 21 Union Realty