Listed by Theodore Gardner, Gardner,

1130 Marine Avenue

Gardena, CA, 90247

$12,000,000

$443 per ft²
$12,000,000
$443 per ft²
Active
Active
 - For Sale
carpenters-square
27,044 ft²
property_type
Multi-family
calendar
Built 1960
Proudly presenting for sale a Gardena multi-family investment opportunity at its finest. This extremely well-maintained property known as the El Dorado Apartments consists of 44 apartment units, laundry facilities, a large swimming pool, and a beautifully landscaped front and courtyard. The pride of ownership is on display throughout the exterior and interior of the property. It is secured and gated offering tenants ample parking and storage along dual driveways. A diversified unit mix of 75% one-bedroom, and 25% two-bedroom units offer tenants multiple options at different price points within their budget. With approximately 30%-40% in rental upside, this turn-key property will offer investors a healthy and profitable cash flow. The El Dorado Apartments are conveniently located at 1130 Marine Avenue in Gardena right next to the Memorial Hospital. Also, a block over is the major commercial corridor on Redondo Beach Blvd. where you will find acclaimed restaurants, shopping centers, and a major casino. Recreation Centers, award-winning schools, international markets, and access to major freeways can all be found within blocks of the El Dorado Apartments. In the thriving and highly sought-after South Bay real estate market, there is tremendous access to large employers, retailers, Downtown LA, the Los Angeles Airport (LAX), and pristine coastal communities. A new owner will have the opportunity to increase the value of this highly desirable and rarely seen investment offering of 44 spectacular apartment units in Gardena, California.
MLS® ID:
SB21207747
Listed:
9/19/21
Updated:
8/9/22
RE/MAX Estate Properties
Cecily Lee

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area

Exterior/Building Features

Lot Size
0.96 acres lot
Lot Details
Level, Near Park, Near Public Transit, Rectangular Lot
Sewer
Public Sewer

Other Property Details

Area Name
699 - Not Defined
HOA Amenities
Park, Pool
Garage
No
Parking
Controlled Entrance, Carport, Storage
Parking Total
44.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
Community, Fenced, In Ground
Zoning
GAR3

 

Listed by Theodore Gardner, Gardner,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/9/22. 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.

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Data last updated 7:05 PM UTC, 8/9/22

RE/MAX Estate Properties
Cecily Lee
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