$2,100,000
$2,200,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
334 E 220th ST Carson, CA 90745
15 Beds
10 Baths
6,925 SqFt
Key Details
Sold Price $2,100,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,925 sqft
Price per Sqft $303
MLS Listing ID 24440073
Sold Date 11/08/24
Bedrooms 15
HOA Y/N No
Year Built 1973
Lot Size 0.430 Acres
Property Description
This five-unit property, located at 334 E 220th St in Carson, CA, presents a unique investment opportunity with substantial upside potential. The property consists of two front houses, each 1,305 square feet with attached two-car garages, built in 1973, and three spacious apartment-style units in the back, built in 1981. The back units include one 1,535-square-foot unit and two 1,390-square-foot units, offering a total of 6,925 square feet of living space on an expansive 18,709-square-foot lot. Listed at $2,200,000, this well-positioned asset is priced at $440,000 per unit and $318 per square foot. Currently, the property generates $13,900 per month and $166,800 annually in rental income, with the potential to increase to $16,750 per month and $201,000 per year at market rent levels. The back house is currently vacant, while all other tenants are on month-to-month leases, providing flexibility for new ownership. Although the property has not undergone recent renovations, it is in good condition, with significant potential for value-add opportunities. The large lot and existing garage spaces offer excellent potential for additional development, such as the construction of ADUs in the garage spaces or in the back/side yard areas. The property includes six single-car garages for the back units and two two-car garages for the front houses, further enhancing its appeal. Rents are due for an immediate increase upon new ownership. This property offers investors the chance to acquire a well-maintained asset with significant upside in a highly desirable location.
Location
State CA
County Los Angeles
Area 136 - Central Carson
Zoning CARM12U&D*
Rooms
Other Rooms Shed(s)
Interior
Heating Wall Furnace
Fireplace No
Appliance Disposal, Dryer, Washer
Exterior
Parking Features Door-Multi, Door-Single, Driveway, Garage, Private
Attached Garage Yes
Total Parking Spaces 16
Building
Story 2
Entry Level Two,Multi/Split
Level or Stories Two, Multi/Split
Additional Building Shed(s)
New Construction No
Others
Senior Community No
Tax ID 7335021024
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with John McCann • Lyon Stahl Investment Real Estate, Inc.