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%!