Bought with Datashare CR Don't Delete Default Agent • Datashare CR Default Office Don't Delete
$10,550,000
$10,550,000
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27,044 SqFt
SOLD DATE : 12/28/2022
Key Details
Sold Price $10,550,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 27,044 sqft
Price per Sqft $390
MLS Listing ID CRSB22260621
Sold Date 12/28/22
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1960
Lot Size 0.965 Acres
Property Description
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, D
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Building
Lot Description Level, Other
Water Public
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