The Marine Bay Apartments - an 81 Unit South Bay apartment complex is located at 3351 Marine Ave., Gardena (Post Office Box) - LA County. This extremely rare offering - 1st time in over 20 years, is one of the largest investment multifamily apartment complexes in the South Bay for sale.! Situated in the growing and prosperous outskirts of the city of Gardena, yet regulated by the Los Angeles County Strip rental guidelines, this asset benefits from a permissible 4% annual rental increases while the owner has also been strategically instituting RUBS on new tenancy for several years. Consisting of a solid mixture of 38% One Bedroom, 5% Two Bedroom, and 57% Studio & Grand Studio units (to be verified), this asset has consistently been able to attract residents and/or students from the local El Camino Community College, as well as facilitate housing for the massive employment base in the immediate surrounding area. Note: All Studio units have their own kitchenettes, the Grand Studios have kitchenettes and partition walls that provide privacy between the bedrooms and the other living areas (see floor plans in photos). All units benefit from the amazing tropical landscape consisting of massive palm trees throughout the impressive 53,743 sq ft lot (per assessor). While walking the interior courtyards of this magnificent complex with approximately 75+ parking spaces (covered and open), and center access to the beautiful sparking pool, residents can feel and enjoy the immense tranquility and serenity that this complex has to offer. All units are Master Metered for Gas and Electric, however, Rubs (utility bill back) has been instituted on new residents for a few years with the last 12 months operating data showing an approximate recapturing of over $40k annually (Buyer to verify all figures), thus minimizing the overall expenses and concerns related to a master metered utility asset.
Property Details
Property Features
Property Information:
Year Built: 1960
Stories: 2
Listing Office:
Office Name: The Holstein Group
Office Phone: (310) 345-9994
Listing Agent: David Holstein
Interior Features
Interior Information:
Appliances: Electric Oven
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 1.23 Acres
School Info
Assigned Schools Information:
Leuzinger High School, Public District Grades 9-12
Environmental Charter High School, Public Charter Grades 9-12
Lawndale High School, Public District Grades 9-12
Will Rogers Middle School, Public District Grades 6-8
F. D. Roosevelt Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: Cross Streets Lemoli and Marine Ave. Major Cross Street is West of Crenshaw Blvd.
Price Information
Listing Price Info
Price Summary:
List Price: $15,995,000
Tax Information:
Annual Amount: $85,355
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Gardena, CA.
This property is $15.2M more than the Median Sold Price in Gardena, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SB24097501
Listing Office:
Office Name: The Holstein Group
Office Phone: (310) 345-9994
Listing Agent: David Holstein
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/31/2024, 11:20:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 07, 1996
Jun 07, 1996Home Sold
$1,450,000
Dec 29, 1992
Dec 29, 1992Home Sold
$2,150,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$85,355
$5,489,533
2020
$82,561
$5,423,092
2019
$80,826
$5,316,758
2018
$77,321
$5,212,509
2017
$77,321
$5,110,304
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
F. D. Roosevelt Elementary School
3533 West Marine Blvd
Distance between this listing and this school0.12 miles
Public District Grades KG-5
Middle School
6
/10
Will Rogers Middle School
4110 W 154th St
Distance between this listing and this school0.88 miles
Public District Grades 6-8
High School
5
/10
Leuzinger High School
4118 Rosecrans Ave
Distance between this listing and this school0.95 miles
Public District Grades 9-12
6
/10
Environmental Charter High School
16315 Grevillea Ave
Distance between this listing and this school1.58 miles
Public Charter Grades 9-12
5
/10
Lawndale High School
14901 Inglewood Ave
Distance between this listing and this school1.70 miles
Public District Grades 9-12
Assigned Schools
5
/10
F. D. Roosevelt Elementary School
3533 West Marine Blvd
Distance between this listing and this school0.12 miles
Public District Grades KG-5
Nearby Schools
8
/10
Mark Twain Elementary School
3728 W 154th St
Distance between this listing and this school0.46 miles
Public District Grades KG-5
5
/10
William Anderson Elementary School
4130 W 154th St
Distance between this listing and this school0.93 miles
Public District Grades KG-5
Assigned Schools
6
/10
Will Rogers Middle School
4110 W 154th St
Distance between this listing and this school0.88 miles
Public District Grades 6-8
Nearby Schools
5
/10
Bud Carson Middle School
13838 Yukon Ave
Distance between this listing and this school0.79 miles
Public District Grades 6-8
6
/10
Prairie Vista Middle School
13600 Prairie Ave
Distance between this listing and this school1.05 miles
Public District Grades 6-8
Assigned Schools
5
/10
Leuzinger High School
4118 Rosecrans Ave
Distance between this listing and this school0.95 miles
Public District Grades 9-12
6
/10
Environmental Charter High School
16315 Grevillea Ave
Distance between this listing and this school1.58 miles
Public Charter Grades 9-12
5
/10
Lawndale High School
14901 Inglewood Ave
Distance between this listing and this school1.70 miles
The neighbors living near this home have an average income of $24,339. Most Gardena, CA residents have annual incomes less than $35k. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3351 Marine Ave
What is the listing price of this property?
The listing price of 3351 Marine Ave property is $15,995,000.
What type of property is this?
The property 3351 Marine Ave is a condo located in Gardena, California, 90249.
Is this property for sale now?
Active Listing: 3351 Marine Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 3351 Marine Ave are: F. D. Roosevelt Elementary School: GreatSchools Rating 5/10Will Rogers Middle School: GreatSchools Rating 6/10Leuzinger High School: GreatSchools Rating 5/10Environmental Charter High School: GreatSchools Rating 6/10Lawndale High School: GreatSchools Rating 5/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $85,355 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 7, 1996 for $1,450,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 3351 Marine Ave is 1960.
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This home is located at 3351 Marine Ave in Gardena, CA and zip code 90249 in the South Bay neighborhood. This home, which was built in 1960, sits on a 1.23 acre lot. It has been listed on Rocket Homes since May 14, 2024 and is currently priced at $15,995,000.
Over 14 listings were sold over their listed price in April 2024 in Gardena, CA. In the same period over 10 listings were sold below the listed price and 2 listings were sold for the listed price. The number of homes for sale in Gardena, CA increased by 12.3% between March 2024 and April 2024. In April 2024 median list price was $750,000 and the average listing age was 23 days.
From Rocket Homes Real Estate and based on county public records data.