Marine Bay Apartments is a well-maintained 81-unit multifamily asset located at 3351 Marine Avenue in Gardena, California. 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. 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.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 83
- Full Bathrooms: 83
Appliances
- Laundry Facilities: Community
- Laundry Features: Community
Kitchen and Dining
- Granite Counters
- Kitchen Features: Granite Counters
Heating and Cooling
- Cooling Features: Window Unit(s)
- Heating Features: Wall
Interior Features
Pool and Spa
- Pool Features: In Ground, Community
Garage and Parking
- Covered Spaces: 72
- Garage Description: Carport, Covered Parking
- Parking Total: 72
Land Info
- Lot Size Acres: 1.2340909
- Lot Size Dimensions: 139x205
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 53757
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 81
- Unit Type: Apartment
- Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 2, 1 SquareFeet: 10800, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 65100, 3 BathsTotal: 1, 3 SquareFeet: 39100, 4 BathsTotal: 1, 4 SquareFeet: 36800
Rental Info
- Gross Scheduled Income: 1548734
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Cap Rate: 6.6
- Directions: Marine Ave
- Source Property Type: Residential Income
- Area: Bodger Park/El Camino Village
- Source Neighborhood: Bodger Park/El Camino Village
- Parcel Number: 4071-007-005
- Zoning: LCR3YY
- Source System Name: C2C
Commercial Info
- Net Operating Income: 916008
- Operating Expense: 632726
Building and Construction
- Total Square Feet Living: 37881
- Year Built: 1960
- Entry Level: 1
- Levels: Two Level
- Living Area Source: Vendor Enhanced
- Property Age: 65
- Levels or Stories: 2
- Year Built Source: Vendor Enhanced
Home Features
- Other Equipment: Ceiling Fan, Range/Oven
- Security Features: Gated