Four-Unit Quadplex with Garage
New
For Sale
$1,399,000
2039 Marine, Gardena, CA 90249
The property combines individual utility features with laundry areas off the kitchens and garage parking.
Property Size3,886 SF
Days on Market4
Property Features for 2039 Marine
General Information
Standard status
Active
Size
3,886 SF
Property subtype
Investment
Lease Term
Month-to-month
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Building Details
Building Size
3,886 SF
Year Built
1957
Buildings
1
Stories
1
Units
4
Listed By:
Deborah Burnett
(310) 634-6078
Source:
Elliman
Added: Sep 15
Changed: Sep 17
Last Checked: Sep 16 at 6:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Deborah Burnett
Investment Insights
Based on property information with market context.
This Gardena quadplex contains four two-bedroom, one-bath residences. Each unit has a laundry area adjacent to the kitchen and its own water heater, while gas and electricity are separately metered. Interior finishes vary, with laminate flooring in the bedrooms, living rooms, and dining areas of two units and carpeting in the other two.
Property improvements include windows replaced in 2018, a roof replaced during current ownership, and electrical and plumbing updates. Parking is provided by a four-car garage configured with two remote-controlled two-car doors. The property is near shopping, dining, major transportation routes, El Camino College, and other South Bay communities. WalkScore is 83, BikeScore is 61, and TransitScore is 46.
Property improvements include windows replaced in 2018, a roof replaced during current ownership, and electrical and plumbing updates. Parking is provided by a four-car garage configured with two remote-controlled two-car doors. The property is near shopping, dining, major transportation routes, El Camino College, and other South Bay communities. WalkScore is 83, BikeScore is 61, and TransitScore is 46.
Key Highlights
- Four two‑bedroom, one‑bath units
- Four‑car garage with two remote‑controlled two‑car doors
- Gas and electricity separately metered for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,864
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,357,280
$1.4M
Cap Rate 7%
$969,486
$969.5K
Cap Rate 9%
$754,044
$754.0K
Market Conditions
NOI Build-Up for 3,886 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$104.9K $27.00/SF
− Vacancy
−$8.0K −$2.05/SF
EGI
$96.9K $24.95/SF
− OpEx
−$29.1K −$7.48/SF
NOI
$67.9K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,357,280
Cap Rate 7%
$969,486
Cap Rate 9%
$754,044
Alternative Uses
Best Use
Multifamily LT 5
$969.5K
$848.3K – $1.13M
NOI $67,864 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$893.3K
$781.6K – $1.04M
NOI $62,529 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,638 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,851
Businesses Nearby
Explore this area
Business Placement
Demographics for 90249, CA
27,125
Population
9,292
Households
2.9
Avg Household Size
40
Median Age
26%
College-Educated
80%
High-School Grad
3.0 sq mi
ZIP Area
9,042
Density / Sq Mi
$84,921
Median Household Income
$43,336
Median Earnings
$1,705
Median Rent
$709,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - The property combines individual utility features with laundry areas off the kitchens and garage parking.
Where is this quadplex located?
The property is located at 2039 Marine Gardena, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Four two‑bedroom, one‑bath units; Four‑car garage with two remote‑controlled two‑car doors; Gas and electricity separately metered for each unit
