3351 Marine Avenue, Gardena, CA 90249
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley



3351 Marine Avenue,Gardena, CA 90249
$14,490,000
- 81 Beds
- 83 Baths
- 37,881 sq. ft.
- Multi-family
- Active
Listed by:hamid soroudi
Office:keller williams beverly hills
MLS#:25569081
Source:CRMLS
Price summary
- Price:$14,490,000
- Price per sq. ft.:$382.51
About this home
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 at a 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. 9.2 X GROSS & 6.1% CAP WITH EXISTING RENTS. 6.8% CASH ON CASH RETURN AT CLOSE OF ESCROW.
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Home facts
- Year built:1960
- Listing Id #:25569081
- Added:21 day(s) ago
- Updated:August 13, 2025 at 01:21 PM
Rooms and interior
- Bedrooms:81
- Total bathrooms:83
- Living area:37,881 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1960
- Building area:37,881 sq. ft.
- Lot area:1.23 Acres
Finances and disclosures
- Price:$14,490,000
- Price per sq. ft.:$382.51
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