2402 Marine AveGardena, CA 90249

Property Details for 2402 Marine Ave

Year built

1940

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

1,382 SF

Zone code

GAC3

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

4069-002-003

APU

4069002003

Description

This exceptional Gardena mixed-use property presents a rare investment opportunity. The 1,382 square foot building boasts a spacious two-bedroom home, ideal for owner occupancy or rental income. A significant advantage is the inclusion of a substantial retail storefront, perfect for a variety of businesses. The property sits on a generous 0.15-acre lot (6,681 square feet, measuring 51 feet by 130 feet), offering ample space and potential for expansion or future development. Parking is plentiful, thanks to a wide driveway and a double gate leading to a large rear yard with a patio. The oversized detached two-car garage is almost the size of a three-car garage, providing significant storage or workshop space. The property's zoning, as per Realist Tax records, is GAC3. Interested parties are encouraged to verify permitted uses with the City of Gardena to explore the full range of development possibilities. This property offers a unique blend of residential comfort and commercial viability, making it an attractive proposition for both investors and owner-occupiers seeking a versatile and high-potential asset. The asking price is $748,000.

• CAP approach

  CAP return

  Valuation

  6%

  $439,266

  6.5%

  $405,476

  7%

  $376,514

• Comparable approach

  Method

  Valuation

  Relative Method

  $333,421

  Geo Method

  $333,421

• Alternative Use

  Use

  Valuation

  Residential

  $502,791

  Hospitality

  $460,553

  Educational

  $383,175

  Medical

  $396,353

  Retail

  $596,050

Location Insight

City

Gardena

County

Los Angeles

State

California

Latitude

33.8944

Longitude

-118.32

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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