Carson, CA 90745,334 E 220th ST
Carson, CA 90745,334 E 220th ST
Carson, CA 90745,334 E 220th ST
Carson, CA 90745,334 E 220th ST
Carson, CA 90745,334 E 220th ST
Carson, CA 90745,334 E 220th ST
See all 18 photos

$2,100,000

$2,200,000

4.5%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

15 Beds

10 Baths

6,925 SqFt


SOLD DATE : 11/08/2024

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

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

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by John McCann • Lyon Stahl Investment Real Estate, Inc.
Bought with John McCann • Lyon Stahl Investment Real Estate, Inc.
agent-avatar

+1(951) 225-2964

dillon@dillonhallrealtor.com

27465 Jefferson Ave, Temecula, California, 92590

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.