2316 Marine AveGardena, CA 90249

This exceptional mixed-use investment opportunity in Gardena, California, presents a compelling redevelopment or value-add prospect. Situated on a substantial double lot spanning 13,340 square feet, the property boasts a strategic location across from a new 22-unit residential development, promising significant future growth. The property encompasses two buildings constructed in 1940 and 1958, totaling 3,415 square feet. The current configuration includes a vacant storefront, a two-bedroom apartment, and a duplex featuring two one-bedroom units. Each unit in the duplex benefits from individual electric, gas, and hot water meters. The property currently operates at 75% occupancy, generating a Net Operating Income (NOI) of $46,266, with a current cap rate of 3.01%. However, a pro-forma analysis projects a significantly improved NOI of $101,833 and a cap rate of 6.63%, highlighting the substantial upside potential. Recent upgrades, completed in 2023, include new roofs and refinished floors across all buildings. The property is zoned GAC3, offering flexibility for a variety of commercial and residential uses. This presents a unique chance to capitalize on rental income from multiple units or leverage the commercial space for business ventures. The asking price is $1,535,000. This property is ideally suited for investors seeking a strong return on investment in a rapidly developing area.