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Key Details
Sold Price $10,550,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22260621
Sold Date 12/28/22
Bedrooms 3
Property Sub-Type Res Income 2-4 Units
Type of Financing Conventional
Property Type Res Income 2-4 Units
Property Description
Proudly 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.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Redondo Beach Blvd west from Western, left on Budlong, right on Marine. On the right side.
Interior
Fireplace No
Exterior
Pool Below Ground, Community/Common
View Y/N No
Others
Senior Community No
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with NON LISTED AGENT San Diego
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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