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$2,200,000

Est. payment - /mo

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15 BD

10 BA

6,925 SqFt

Active Under Contract

334 E 220th ST Carson, CA 90745

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/09/2024 04:24 PM

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 6,925 sqft

Price per Sqft $317

MLS Listing ID 24440073

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

Garage Door-Multi, Door-Single, Driveway, Garage, Private

Parking Type 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

Listed by John McCann • Lyon Stahl Investment Real Estate, Inc.

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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