1130 Marine Avenue

Gardena, CA 90247

$10,550,000
Last Sold Price
3
Beds
44
Baths
27,044 Sq. Ft.
$390 / Sq. Ft.
27,044
Sq. Ft.
$390
per Sq. Ft.

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,...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, Downtown LA, the Los Angeles Airport (LAX), and pristine coastal communities. A new owner will have the opportunity to increase the value of this highly desirable and rarely seen investment offering of 44 spectacular apartment units in Gardena, California.

Property Details for 1130 Marine Avenue

Parking Spaces Total
44
Private Pool
No
Total Units
44.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
27044
Assessor Parcel Number
6114-026-042
Property Attached YN
true

Location

Listing Courtesy of Gardner, Theodore Gardner, DRE #00328734

Sold By Keller Williams Realty Calabasas, Hirsch Sherman, DRE #00710184

Add your commute
LISTING UPDATED: 12/29/2022 05:46 AM

Property Details for 1130 Marine Avenue

StatusClosed
MLS #SB22260621
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
CountyLos Angeles County

Location

Listing Courtesy of Gardner, Theodore Gardner, DRE #00328734

Sold By Keller Williams Realty Calabasas, Hirsch Sherman, DRE #00710184

Add your commute

Building Information for 1130 Marine Avenue

Building/Complex1130 Marine AveFloor-Stories-Residences-Pet Policy-Year Built1960Building Size-

Payment Calculator

$68,783 per month

30 year fixed, 7.25% Interest

Principal and Interest

$57,576

Property Taxes

$11,207

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1130 Marine Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $608,300
  • Gross Scheduled Income: $628,000
  • Net Operating Income: $360,000
  • Laundry Income: $7,404
Expense Details
  • Operating Expense: $256,600
  • Gardener Expense: $9,675
  • Fuel Expense: $15,900
  • Licenses Expense: $800
  • Pest Control Expense: $1,827
  • Pool Expense: $6,980
  • Electric Expense: $11,648
  • Insurance Expense: $15,115
  • Maintenance Expense: $11,000
  • Professional Management Expense: $36,000
  • Workmans Compensation Expense: $2,365
  • Other Expense: $4,346
  • Other Expense Description: Phone
  • Trash Expense: $15,876
  • Water Sewer Expense: $23,169
  • Total Expenses: $256,616
Tax / Assessment Info
  • Tax Tract Number: 1237
  • Tax Census Tract: 6030.04
  • CFD/Mello-Roos Fee: $8,845
  • Tax Lot: 43
Community / Development
Community / Development
  • Community Features: Park
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Own
Exterior Features
  • Pool Features: Community, Fenced, In Ground
  • Pool Description: Fenced, In Ground
  • Pool: Below Ground, Community/Common
Land/Lot Info
  • Lot Features: Rectangular Lot, Level, Near Public Transit, Park Nearby
  • Number Of Units: 44
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Built-In Storage, Carport, Controlled Entrance
  • Uncovered Spaces: 1
  • Open Other Spaces Total: 1
  • Parking Garage Spaces: 0
  • Carport Spaces: 43
  • Parking Features: Built-In Storage, Carport, Controlled Entrance
Unit Information
Unit 1
  • Unit Type Units Total: 33
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,124
  • Unit Type Total Rent: $37,100
  • Unit Type Pro Forma: 1575
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 11
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,385
  • Unit Type Total Rent: $15,235
  • Unit Type Pro Forma: 1915
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 44
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 44
  • Number Of Separate Gas Meters: 44
  • Number Of Separate Water Meters: 0
  • Number With Range: 44
  • Number With Refrigerator: 44
  • Number With Disposal: 44

Property History for 1130 Marine Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1130 Marine Avenue

Taxable ValueLand$3,700,000Additions$6,858,380Total$10,558,380
Tax Record2023$134,488 ($11,207 / month)
Home Facts
Total Finished SqFt27,044 SqFtAbove Grade Finished SqFt27,044 SqFtLot Size42,029 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningGAR3CountyLOS ANGELESAPN6114-026-042

Schools near 1130 Marine Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Amestoy Elementary School
PublicK to 5

New Designs Charter School-Watts
Charter6 to 12

Gardena Senior High School
Public9 to 12

Moneta Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Gardner, Theodore Gardner, DRE #00328734

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.