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.
Property Details
Price:
$2,200,000
MLS #:
24440073
Status:
Active
Baths:
0
Address:
334 E 220th Street
Type:
Residential Income
Neighborhood:
136centralcarson
City:
Carson
Listed Date:
Sep 16, 2024
State:
CA
ZIP:
90745
Lot Size:
18,714 sqft / 0.43 acres (approx)
Year Built:
1973
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Schools
Interior
Appliances
Disposal
Heating
Wall Furnace
Exterior
Parking Features
Driveway, Garage – Single Door, Garage – Two Door, Private
Parking Spots
16.00
Stories Total
2
Financial
Map
Community
- Address334 E 220th Street Carson CA
- Area136 – Central Carson
- CityCarson
- CountyLos Angeles
- Zip Code90745
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Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
334 E 220th Street
Carson, CA
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