1048 Marine AVE Gardena, CA 90247

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.