T
Seller's Agent in 2022
Theodore Gardner
Gardner
(310) 377-9571
1 in this area
3 Total Sales
1130 Marine Ave Gardena, CA 90247
3
Beds
2
Baths
27,044
Sq Ft
42,031
Sq Ft Lot
Highlights
- In Ground Pool
- Property is near park and public transit
- Laundry Room
- 0.96 Acre Lot
- Park
- Parking Storage or Cabinetry
About This Home
As of December 2022Proudly 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
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 0.96 Acre Lot
- Two or More Common Walls
- Rectangular Lot
- Level Lot
Home Design
- 27,044 Sq Ft Home
- Apartment
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Parking
- 44 Car Garage
- 1 Open Parking Space
- 43 Carport Spaces
- Parking Storage or Cabinetry
- Parking Available
- Controlled Entrance
Pool
- In Ground Pool
- Fence Around Pool
Additional Features
- Laundry Room
- Property is near park and public transit
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 43
- Tax Tract Number 1237
- Assessor Parcel Number 6114026042
- $8,845 per year additional tax assessments
Community Details
Recreation
- Community Pool
- Park
Building Details
- 44 Leased Units
- 44 Separate Electric Meters
- 44 Separate Gas Meters
- Electric Expense $11,648
- Fuel Expense $15,900
- Gardener Expense $9,675
- Insurance Expense $15,115
- Maintenance Expense $11,000
- Other Expense $4,346
- Pest Control $1,827
- Pool Expense $6,980
- Professional Management Expense $36,000
- Trash Expense $15,876
- Water Sewer Expense $23,169
- Operating Expense $256,616
- Gross Income $608,300
- Net Operating Income $360,000
Additional Features
- 44 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/29/2022 12/29/22 | For Sale | $10,550,000 | 0.0% | $390 / Sq Ft |
| 12/28/2022 12/28/22 | Sold | $10,550,000 | -- | $390 / Sq Ft |
| 12/28/2022 12/28/22 | Pending | -- | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $136,934 | $10,976,220 | $3,849,480 | $7,126,740 |
| 2024 | $136,934 | $10,761,000 | $3,774,000 | $6,987,000 |
| 2023 | $134,488 | $10,550,000 | $3,700,000 | $6,850,000 |
| 2022 | $17,531 | $740,209 | $231,015 | $509,194 |
| 2021 | $17,397 | $725,696 | $226,486 | $499,210 |
| 2019 | $16,978 | $712,553 | $219,769 | $492,784 |
| 2018 | $15,993 | $698,746 | $215,460 | $483,286 |
| 2016 | $14,947 | $663,561 | $207,095 | $456,466 |
| 2015 | $14,685 | $653,595 | $203,985 | $449,610 |
| 2014 | $14,873 | $640,793 | $199,990 | $440,803 |
Source: Public Records
Agents Affiliated with this Home
-
Theodore Gardner
-
Hirsch Sherman
Buyer's Agent in 2022
Hirsch Sherman
Keller Williams Realty Calabasas
(818) 657-6557
1 in this area
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22260621
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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. Properties may or may not be listed by the office/agent presenting the information
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