Duplex With Updated
For Sale
$1,150,000
1512 Marine Ave, Gardena, CA 90247
Two residences offer a flexible layout with a new roof, air conditioning system, and kitchen.
Property Size1,856 SF
Lot Size0.15 Acres
Price / SF$619.61
Days on Market65
Property Features for 1512 Marine Ave
General Information
Standard status
Active
Size
1,856 SF
Lot size
0.15 Acres
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Listing Agency:
K & D Associates
(510) 205-6167
Listed By:
Rajshekhar Kolmi
(510) 205-6167
Source:
Exprealty
Added: Jun 9
Changed: Aug 9
Last Checked: Aug 12 at 11:09AM
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 K & D Associates
Investment Insights
Based on property information with market context.
This duplex contains two separate residences: a three-bedroom, two-bath home and a one-bedroom, one-bath unit. Combined living area measures approximately 1,856 sq. ft. on a 6, 690± sq. ft. lot. Recent improvements include a brand-new roof, new air conditioning system, and brand-new kitchen. The property is offered as-is, with interior spaces suited to additional updating and personalization. Parking is also provided.
The property is located in Gardena near major freeways, shopping, dining, schools, and employment centers. Torrance and Los Angeles are among the neighboring cities identified in the surrounding area. The lot may accommodate up to two ADUs, subject to verification with the City of Gardena.
The property is located in Gardena near major freeways, shopping, dining, schools, and employment centers. Torrance and Los Angeles are among the neighboring cities identified in the surrounding area. The lot may accommodate up to two ADUs, subject to verification with the City of Gardena.
Key Highlights
- Two residences: 3‑bedroom, 2‑bath unit and 1‑bedroom, 1‑bath unit
- Approximately 1,856 sq. ft. of living space
- 6, 690± sq. ft. lot
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
$32,412
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
2.82%
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%
$648,240
$648.2K
Cap Rate 7%
$463,029
$463.0K
Cap Rate 9%
$360,133
$360.1K
Market Conditions
NOI Build-Up for 1,856 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
$50.1K $27.00/SF
− Vacancy
−$3.8K −$2.05/SF
EGI
$46.3K $24.95/SF
− OpEx
−$13.9K −$7.48/SF
NOI
$32.4K $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%
$648,240
Cap Rate 7%
$463,029
Cap Rate 9%
$360,133
Alternative Uses
Best Use
Multifamily LT 5
$463.0K
$405.2K – $540.2K
NOI $32,412 @ 7.0% cap · market cap 2.82%
Second Best
Apartment 5plus
$426.6K
$373.3K – $497.8K
NOI $29,865 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$993.7K
$869.5K – $1.16M
NOI $69,559 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,037
Businesses Nearby
Explore this area
Business Placement
Demographics for 90247, CA
48,543
Population
17,076
Households
2.8
Avg Household Size
39
Median Age
27%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
12,774
Density / Sq Mi
$73,851
Median Household Income
$37,000
Median Earnings
$1,751
Median Rent
$640,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer a flexible layout with a new roof, air conditioning system, and kitchen.
Where is this duplex located?
The property is located at 1512 Marine Ave Gardena, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two residences: 3‑bedroom, 2‑bath unit and 1‑bedroom, 1‑bath unit; Approximately 1,856 sq. ft. of living space; 6, 690± sq. ft. lot
