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Listed by Parker Boehle and Brent Sprenkle of NorthMarq Realty Services,Inc (310-988-8361)
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.

Property Details of 1048 Marine Avenue

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Based on information submitted to CRMLS as of April 20, 2024 9:51 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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