$2,400,000
$2,500,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
1717 -1727.5 Marine AVE Gardena, CA 90247
6,188 SqFt
Key Details
Sold Price $2,400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,188 sqft
Price per Sqft $387
MLS Listing ID SB21173343
Sold Date 10/25/21
HOA Y/N No
Year Built 1948
Lot Size 0.685 Acres
Acres 0.6854
Property Description
1717-1727.5 Marine Ave is a dream lot of land in the sought after city of Gardena. This 9 unit opportunity sits on an oversized R3 zoned lot, measuring 29,857 square feet. At just $83 a square foot, this is one of the cheapest usable lots in Los Angeles. Currently the property has 9 detached bungalow units, consisting of eight (8) 1-bedroom/1-bathroom and one (1) 2-bedroom/1-bath units. Gardena is well known for its strong community and high quality dining and entertainment options. The subject property is separately metered for gas and electric and a majority of the plumbing is copper. With over 30% upside in rents, an investor potentially can add at least 2 ADU dwellings increasing the market CAP rate over 6%!
Location
State CA
County Los Angeles
Area 119 - Central Gardena
Zoning GAR3
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Fireplace No
Laundry Inside
Exterior
Garage Garage, OnSite
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features StormDrains, Sidewalks
Parking Type Garage, OnSite
Total Parking Spaces 12
Private Pool No
Building
Lot Description Item610UnitsAcre
Sewer PublicSewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6103021038
Energy Description 1800.0
Acceptable Financing Cash, CashtoNewLoan, Conventional, Item1031Exchange
Listing Terms Cash, CashtoNewLoan, Conventional, Item1031Exchange
Financing Private
Special Listing Condition Standard
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Bought with Stephen Takahashi • Lyon Stahl Investment Real Estate, Inc.