4737 Marine Ave, Lawndale, CA 90260

Property Description

9 Units in 5 buildings sitting on 3 contiguous parcels for a total of 20,060 square feet of land that is zones R-4. Fantastic location near the 405 freeway and the border of Redondo Beach, very close to Manhattan beach. One of the rents shown for a 2 Bedroom 1 bath is estimated - that unit is vacant but can easily rerent for $925 when renovated. Some of the units have been recently refurbished, some have not been refurbished in many years and some are clean and fairly typical for the area. There is great upside potential for a savvy investor. Plenty of parking on site including a 2-car garage and 2 car carport (both in a poor state of repair) plus another 14 open spaces. Good upside on rents. There are three houses (1,600 SF classic Spanish with 3 Bedrooms and 2 baths, 715 SF with 2 Bedroom 1 bath, and 1112 SF 2 Bedroom 1 Bath), a four plex of one bedroom all with one bath about 500 SF each, plus a duplex of 2 Bedroom 1 Bath units about 800 square feet each. It needs work - but is very workable.