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
What can I afford?
Understand what home price range makes sense for your budget.
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: 5/29/2024, 7:20:35 AM 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.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$79.8K
Per Month
Principal & Interest
$79.8K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$48K
Powered By
Advertisement
NMLS#3030
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. The majority of Gardena, CA residents have income less than $35k annually. The most common type of family is single, no kids. Most residents in this area 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.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
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.
While more than 14 listings in Gardena, CA in April 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 10 were sold below. The number of homes for sale in Gardena, CA increased by 12.3% between March 2024 and April 2024. In April 2024, listings were on the market for 23 days. During the same period, the median list price in this real estate market was $750,000.
From Rocket Homes Real Estate and based on county public records data.
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. 
Mexican League Soccer
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Foot Locker
H&M
Burlington
Little Caesars
Boston Market
Popeyes
Dodge
Honda
Nissan
Urban Adult Contemporary
Rhythmic Contemporary Hits