SOLD 05/02/2024
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Commercial sold for $3,950,000 in 87 days
1048 Marine Ave Gardena, CA, 90247
Off the market Other
Built in 1986, the Marine Ave. apartments consist of two adjacent (6) unit apartment buildings on the same APN. The property is in the Gardena market, just east of Manhattan Beach and Lawndale, and also surrounded by Hawthorne and Torrance. Situated on a 19,500 square foot lot, the property offers (12) Two-Bedroom/Two-Bathroom units, each measuring just under 900 Sq.Ft. There are a total of (26) total parking spaces, as each unit is assigned Two Carport slots as well as storage space. The on-site laundry room has been renovated with new washers and dryers as well. More than half of the units have been meticulously remodeled with high end finishes, featuring new quartz countertops, new appliances, and new kitchen and bathroom vanities. In addition to the unit remodels, units feature balconies offering quaint patio space. There was a new roof put on just over a year ago, plumbing & electrical have been upgraded, new windows have been installed, and the parking area has been repaved. There is still plenty of upside in rental income to be had. This is a perfect opportunity for any exchange buyer or investor looking to own a very low maintenance asset.
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Property details
10,584 sqft interior area
Land area
19,471 sqft (0.45 acres)
Address
1048 Marine Ave, Gardena, CA, 90247
City of California
Gardena
County
Los Angeles
Year Built
1986
District
Listing
Nearby major retailers
Costco
Albertsons
Walmart Neighborhood Market
Aldi
ALDI
Toyota
T-Mobile
Trader Joe's
Lowe's
Wholesale: 2
Supermarket: 10
Car: 1
Mobile phone: 4
Do it yourself: 1
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Listed by
Parker Boehle, NorthMarq Realty Services, Inc
Name
Parker Boehle
License number
02054215
Brokerage company
NorthMarq Realty Services, Inc
MLS #
CROC24026530
Buyer agent
Name
Richard Park
Brokerage company
Century 21 Union Realty
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Calculate your monthly payments
Mortgage
$12,128
Taxes
$0
HOA dues
$0
Mortgage
$790,000 / 20%
2.28%
30 years
Your amount
$12,128 / month
Lot details
TMK #6114029009
Parcel nr.
6114029009
90247 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90247
43%
Families with children
National average: 39%
27%
Non family households
581,236
Population
$70,710
Average Income
Age & gender
Median age 36 years
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Commute types
87% commute by car
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Education level
26% have high school education
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Number of employees
2% work in education and healthcare
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Vehicles available
34% have 1 vehicle
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Vehicles by gender
34% have 1 vehicle
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Housing market insights for
$812.41k
Neighborhood average
sales price*
sales price*
$749.79k
Neighborhood median
sales price*
sales price*
439
Number
of sales*
of sales*
Housing type
48% are single detacheds
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Rooms
45% of the houses have 4 or 5 rooms
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Bedrooms
65% have 2 or 3 bedrooms
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Owners vs Renters
50% are owners
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15.5 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold May 2, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| May 2, 2024 | Sold | $3,950,000 | 0 | Public Record |
| May 2, 2024 | Price Decrease | $3,950,000 -1.13% | 0 | MLS #CROC24026530 |
| Mar 12, 2024 | Pending | $3,995,000 | 0 | MLS #CROC24026530 |
| Feb 28, 2024 | Under contract | $3,995,000 | 0 | MLS #CROC24026530 |
| Feb 6, 2024 | New Listing | $3,995,000 -9.1% | 0 | MLS #CROC24026530 |
| Jul 20, 2023 | Unavailable | $4,395,000 | 0 | MLS #CRSB23100276 |
| Jul 15, 2023 | Price Decrease | $4,395,000 -2.33% | 0 | MLS #CRSB23100276 |
| Jun 8, 2023 | New Listing | $4,500,000 | 0 | MLS #CRSB23100276 |
Taxes of 1048 Marine Ave, Gardena, CA, 90247
GAR3 zoning / MLS #CROC24026530
Zoning
GAR3
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Frequently Asked Questions about 1048 Marine Ave
What is 1048 Marine Ave?
1048 Marine Ave is a Commercial/Industrial propertywith 10,584 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
1048 Marine Ave, Gardena, CA, 90247.
What comparable properties are nearby?
Comparable nearby commercial properties include 16008 S Western Ave, 1938 W 146th St, 1600 W 132nd St, 16220 S Vermont Ave, 14550 S Main St, 405 E Rosecrans Ave.
Based on information from the bridgeMLS as of 05-20-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: May 02, 2024
Verhouse Last checked less than a minute ago
The closest grocery stores are Vons 1625, 0.34 miles away and Aldi, 0.66 miles away.
The 90247 zip area has a population of 581,236, and 43% of the families have children. The median age is 36.71 years and 87% commute by car. The most popular housing type is "single detached" and 50% is owner.
