Entity Owned Property summary
AI-generated overview
Marine Bay Apartments is an 81-unit multifamily property located at 3351 Marine Avenue in Gardena, California, built in 1960 on a 1.23-acre parcel. The apartment mix consists of four 2-bedroom/1-bath units, thirty-one 1-bedroom/1-bath units, and forty-six studio units. Interior features are described as open floor plans with updated kitchens and bathrooms, energy-efficient fixtures, abundant natural light, and ample closet space. Community amenities include controlled access entry, an on-site laundry facility, a swimming pool with sundeck, landscaped walkways, and parking. The property is further described as having an in-place RUBS program covering water, sewer, gas, electricity, and trash service. The location provides proximity to Manhattan Beach and Hermosa Beach (about five miles) and access to major freeways including the 405, 105, 110, and 91.
Property profile
Verified
Property type
Other apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Construction
WOOD
Total area
37,881 SF
Lot
1.23 ac (53,743 SF)
Zoning code
LCR3YY
APN
4071-007-005
UPID
US09-8080342
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Property Management Company
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.38M
Comparable Approach
Comparable
$16.83M
Blend (final)
Blend
$13.33M
Owner & transaction history
since 2026
Last sale
$13.6M
7 recorded transactions
Zoning & alternative use
LCR3YY · Gardena, CA
Top alternative use upside
Warehouse, storage
$18.2M
+6.4%
Medical building
$17.2M
+0.7%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 26 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$13.33M
Value range
$11.99M – $14.66M
±10% around blend
Estimated value / SF
$352 / SF
Confidence
High
26 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$11.99M
blend $13.33M
$14.66M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
37,881 SF
Lot area
1.23 ac
Year built
1960
APN
4071-007-005
Zoning
LCR3YY
Assessed value
$5,824,906
Annual tax
$98,082
3
Income approach: direct capitalization
Partial preview
Income approach indication
$9.38M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$10.16M
@ 6.5% CAP return
$9.38M
@ 7% CAP return
$8.71M
4
Sales comparison
Partial preview
Sales approach indication
$9.76M
Weighted, 20 comps · high confidence
Evidence
26 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.5 mi away · 30,966 SF
8.2 mi away · 27,045 SF
9.5 mi away · 36,657 SF
10.2 mi away · 30,489 SF
10.8 mi away · 35,066 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$13.33M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 48 sales
$452
-22%
Submarket 136 sales
$269
+31%
County 11934 sales
$264
+33%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $352/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Warehouse, Storage
Gross theoretical uplift
+6%
vs current-use indication
Medical Building
Apartment House (5+ Units) · current use
Commercial (general)
Industrial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 26 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$13.55M
Move the market yield to see immediate price impact.
Value / SF
$358
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$854k
$17.07M
$12.19M
$9.49M
$949k
$18.97M
$13.55M
$10.54M
$1.04M
$20.87M
$14.90M
$11.59M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
26 found
High confidence · county-verified
Closest comparable
$9.03M
1.1 mi · Sep 2025 · $254/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$98,082
Tax year 2024
Assessed value
$5,824,906
Assessed 2024
Previous assessed
$5,824,906
+0.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$3,869,336
Assessed improvement
$1,955,570
Applied tax rate
5.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
NONE
Cooling
YES
Units
81
Bathrooms
83
Total area
37,881 SF
Lot
1.23 ac (53,743 SF)
Zoning code
LCR3YY
APN
4071-007-005
UPID
US09-8080342
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCR3YY · Gardena, CAZoning LCR3YY · permitted uses
LCR3YY · Gardena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
81
Bathrooms
83
Lot
1.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LCR3YY
Jurisdiction
Gardena, CA
Recorded code
LCR3YY
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LCR3YY in Gardena, CA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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