Gardena, CA 90247,1130 Marine Avenue
Listed by Theodore Gardner • Gardner
Bought with Datashare CR Don't Delete Default Agent • Datashare CR Default Office Don't Delete

$10,550,000

$10,550,000

Est.Price: ?

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Est. payment /mo

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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agent
Paul LeJoy

Broker-Owner | Lic# 01467744

+1(510) 299-0093

34906 Newark Blvd, Newark, CA

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