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Yong Yuan Acquires Multifamily Property From Kyle Kazan For $13.55M In Gardena

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SOLD
$13,550,000

California

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MultiFamily37,881 SF
Sold 01/09/2026
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Property Image
SOLD

Yong Yuan Acquires Multifamily Property From Kyle Kazan For $13.55M In Gardena

3351 Marine Avenue

See Similar Deals
MultiFamily37,881 SF
Sold 01/09/2026
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$357
Total Square Footage:37,881 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 3351 Marine Avenue in Gardena. The sale was finalized at a price of $13,550,000, representing a per-unit price of $167,283 across 81 units. The total square footage of the property is 37,881, with a price per square foot of $357.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $13,550,000
  • Address: 3351 Marine Avenue
  • Market: Gardena
  • Units: 81
  • Price Per Unit: $167,283
  • Square Footage: 37,881
  • Price Per Square Foot: $357
  • Buyer: Yong Yuan
  • Seller: Kyle Kazan
  • Brokers: Kimberly Stepp & Michael Toveg - Stepp Commercial

This transaction involves key individuals including the buyer, Yong Yuan, who acquired the property from seller Kyle Kazan. The deal was brokered by Kimberly Stepp and Michael Toveg, both associated with Stepp Commercial, highlighting their involvement in facilitating the sale.

Players

Kimberly Stepp
14 deals$58.8M volume
BROKER

Michael Toveg
Stepp Commercial
23 deals$194.8M volume
BROKER

Stepp Commercial
BROKERAGE

Details

SOLD
IMAGE: Kimberly Stepp & Michael Toveg DATE: 01/09/2026 ADDRESS: 3351 Marine Avenue MARKET: Gardena ASSET TYPE: Multifamily BUYER: Yong Yuan SELLER: Kyle Kazan BROKERS: Kimberly Stepp (@KimberlyStepp) & Michael Toveg (@MToveg) - Stepp Commercial (@Stepp_Commercial) SALE PRICE: $13,550,000 UNITS: 81 ~ PPU: $167,283 SF: 37,881 ~ PPSF: $357

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$722,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$48,140.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$64,233.91
Annual Debt Service$770,806.95