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1824 Marine, Gardena, California 90249, Gardena, 90249 - 4 bed, 3 bath

1824 Marine, Gardena, California 90249 home-pic-0
ACTIVE$989,000$2,139/sqft
Est. Value: $1,056,194
6%
BelowEstimate
1824 Marine, Gardena, California 90249
4Beds
3Baths
2,139Sqft
6,877Lot

Price Vs. Estimate

The estimated value ($1,056,194) is $67,194 (6%) higher than the list price ($989,000). This property may be underpriced.

Key pros and cons

Top Pros:
Prime Investment Potential: This property is explicitly marketed as a 'Rare Investment Opportunity' with 'high-potential' for 'steady cash flow and future appreciation' in a 'prime Gardena location', making it attractive to investors.
Top Cons:
Age-Related Maintenance Concerns: Built in 1953, the property, despite being described as 'well-cared for', may still present potential for age-related maintenance issues or require future capital expenditures for major systems not fully updated across all units.

Compared to the nearby listings

Price:$989.0K vs avg $799.5K (+$189,500)98%
Size:2,139 sqft vs avg 1,341.5 sqft98%
Price/sqft:$462 vs avg $60215%

More Insights

Built in 1953 (73 years old).
Condition: Built in 1953, this triplex shows signs of regular maintenance and some recent updates like a 2024 wall heater, updated laminate flooring, fresh paint, and updated electrical in specific units. However, the kitchens in all units and at least two of the bathrooms are significantly outdated in style and features (e.g., original-style cabinets, tiled countertops, older appliances, dated tile surrounds). While functional and clean, these areas require substantial renovation to meet current quality and aesthetic standards, placing the property in the 'Fair' category.
Year Built
1953
Close
-
List price
$989K
Original List price
$989K
Price/Sqft
$462
HOA
-
Days on market
-
Sold On
-
MLS number
SB25268167
Home ConditionFair
Features
Patio
View

About this home

Rare Investment Opportunity: Well-Cared For Triplex in Prime Gardena. This exceptional, centrally located triplex offers a versatile and high-potential investment for discerning investors. Boasting a prime Gardena location, this income-generating property is positioned for steady cash flow and future appreciation. The property features three distinct units, all individually metered for gas and electricity, ensuring hassle-free utility management. Added tenant convenience is provided by a separate garage building, offering a dedicated one-car garage for each unit, ample storage, and potential for additional income streams. On-site laundry facilities (with individual hookups in each unit). Tenants LOVE this! Key Highlights & Unit Details: Vacant Units: Units B (middle) and C (back) will be delivered vacant at close of escrow, allowing immediate placement of tenants at current market rates or personalized updates. Stable Tenancy: Unit A is occupied by a long-term, quiet, and stable tenant who wishes to remain, providing immediate baseline income. Unit A (Front): 1 Bed / 1 Bath (~600 sqft). Long term tenant occupied and wants to stay at $915/month. Unit B (Middle): 1 Bed / 1 Bath (~600 sqft) featuring oak hardwood floors, a recently updated wall heater (2024), and interior laundry. Unit C (Back): 2 Beds / 1 Bath (~939 sqft) featuring updated laminate flooring, fresh paint, updated electrical, and interior laundry. The location is highly desirable, near parks, schools, markets, restraunts, public library, city hall, and major freeways. This turnkey investment is a rare find and a golden opportunity.

A
Aylwin Agena
Listing Agent

Nearby schools

8/10
Chapman Elementary School
Public,•K-5•0.1mi
8/10
One Hundred Fifty-Sixth Street Elementary School
Public,•K-6•0.5mi
4/10
Robert E. Peary Middle School
Public,•6-8•1.0mi
3/10
Gardena Senior High School
Public,•9-12•2.1mi
Condition Rating
Fair
Built in 1953, this triplex shows signs of regular maintenance and some recent updates like a 2024 wall heater, updated laminate flooring, fresh paint, and updated electrical in specific units. However, the kitchens in all units and at least two of the bathrooms are significantly outdated in style and features (e.g., original-style cabinets, tiled countertops, older appliances, dated tile surrounds). While functional and clean, these areas require substantial renovation to meet current quality and aesthetic standards, placing the property in the 'Fair' category.
Pros & Cons

Pros

Prime Investment Potential: This property is explicitly marketed as a 'Rare Investment Opportunity' with 'high-potential' for 'steady cash flow and future appreciation' in a 'prime Gardena location', making it attractive to investors.
Immediate Income Maximization: Two of the three units (B and C) will be delivered vacant at close of escrow, allowing the new owner to immediately place tenants at current market rates or perform personalized updates to maximize rental income.
Tenant-Friendly Amenities & Efficiency: The property offers individual metering for gas and electricity for all units, a dedicated one-car garage for each unit with ample storage, and on-site laundry facilities with individual hookups, enhancing tenant convenience and operational efficiency.
Desirable & Convenient Location: Situated in a 'highly desirable' area, the triplex is conveniently located near parks, schools, markets, restaurants, public library, city hall, and major freeways, appealing to a broad tenant base.
Established Income Stream & Recent Updates: Unit A provides immediate, stable baseline income with a long-term tenant. Additionally, Units B and C feature recent updates such as a 2024 wall heater, updated laminate flooring, fresh paint, and updated electrical, indicating a well-maintained property.

Cons

Age-Related Maintenance Concerns: Built in 1953, the property, despite being described as 'well-cared for', may still present potential for age-related maintenance issues or require future capital expenditures for major systems not fully updated across all units.
Below Market Rent for Occupied Unit: Unit A is occupied by a long-term tenant paying $915/month, which is likely significantly below current market rates for a 1 Bed / 1 Bath unit in Gardena, limiting immediate income optimization for one-third of the property.
Lack of Central Air Conditioning: The description mentions a wall heater in Unit B but no central air conditioning for any unit, which could be a significant drawback for tenants during warmer months in Southern California, potentially affecting tenant attraction or retention.
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