Skip to main content

Multifamily

1707 Marine Ave

1707 Marine Ave, Gardena, CA 90247

Listing Price: $1,240,000

Cap Rate
4.60%
Number of Units
5
Occupancy
100.0%
Price/Unit
$248,000
Price/Gross SF
$422.49
Gross SF
2,935

Investment Overview

Marcus & Millichap is pleased to present 1707 Marine Avenue, a 5-unit investment property in Gardena, California. The property is located between Harvard Boulevard and Western Avenue just around the corner from 153rd Elementary School. This area is a solid majority-renter market with low vacancy rates. 1707 Marine Avenue consists of one three bedroom 1 bathroom unit and four 1 bedroom 1 bathroom units. All of the units are separately metered for gas and electricity. The property also offers five covered parking spaces. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.

Investment Highlights

  • One 3 Bedroom and Four 1 Bedroom Units
  • Five Covered Parking Spaces
  • An 56% Potential Mark-to-Market Opportunity
  • Very Walkable 86 Walk Score
  • Just off Redondo Beach Boulevard

Exclusively Listed By

Financing By

Multifamily

1707 Marine Ave

Listing Price: $1,240,000

Cap Rate
4.60%
Number of Units
5
Occupancy
100.0%
Price/Unit
$248,000
Price/Gross SF
$422.49
Gross SF
2,935

Investment Highlights

  • One 3 Bedroom and Four 1 Bedroom Units
  • Five Covered Parking Spaces
  • An 56% Potential Mark-to-Market Opportunity
  • Very Walkable 86 Walk Score
  • Just off Redondo Beach Boulevard

Investment Overview

Marcus & Millichap is pleased to present 1707 Marine Avenue, a 5-unit investment property in Gardena, California. The property is located between Harvard Boulevard and Western Avenue just around the corner from 153rd Elementary School. This area is a solid majority-renter market with low vacancy rates. 1707 Marine Avenue consists of one three bedroom 1 bathroom unit and four 1 bedroom 1 bathroom units. All of the units are separately metered for gas and electricity. The property also offers five covered parking spaces. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower