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1048 Marine Avenue

Gardena, 90247

0 Bd
0 Ba
19,471 Lot
$3,995,000 Current Price
Pending Status
22 Days on Market
Feb 6 First Day Active
$3,995,000 Start Price

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.

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Property Details for 1048 Marine Avenue

Listing Details

Listing Advertised By
Dave Fratello, Edge(310) 243-6299|
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Listing Presented By
Parker Boehle
Listing Brokered By
NorthMarq Realty Services, Inc
Type
Residential Income, Apartment
Year Built
1986 (Assessor)
MLS Area
119 - Central Gardena

Price and MLS Information

Status
Pending | Listing History
MLS Days on Mkt.
22 DOM
Combined DOM*
22
First Date Active
February 6th, 2024
Current Price
$3,995,000
Orig. List Price
$3,995,000
MLS® #
OC24026530
APN
6114029009
Special
Standard

Home Interior Information

Levels/Stories
One
Heating
Floor Furnace

Room Information

Laundry
LaundryRoom

Exterior Information

Lot Description
0-1 Unit/Acre
Lot Size (sq. ft.)
19,471
Lot Size (acres)
0.45
Pool
None
Parking Spaces
26

Utilities Information

Water Source
Public

Additional Information

Zoning
GAR3
Buyer's Brokerage Fee
2.000
Co-Agent
Brent Sprenkle
Co-Agent Office
NorthMarq Realty Services, Inc

* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.

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Neighborhood Information

MLS Area
119 - Central Gardena
City/State
Gardena
Zip Code
90247
County
Los Angeles
# of Units
12
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Listing/Price History

1048 Marine Avenue, Gardena, (MLS® #OC24026530)

Date Details Price Change
Pending
Active Under Contract (from Active)
First Day Active $3,995,000
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Listing Summary

Quick Summary of 1048 Marine Avenue: This home in Gardena is priced at $3,995,000 . The Apartment residence was originally built in 1986 and was listed on February 6th, 2024 at $3,995,000, showing 22 Days on Market currently. Contact Dave Fratello today for more information or to go see 1048 Marine Avenue.

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Based on information from California Regional Multiple Listing Service, Inc. as of April 28th, 2024 at 2:20pm PDT. 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, 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.