334 E 220th Street
Carson, CA 90745
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1973 build
- – on site
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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.
Last checked:
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Last updated Nov 13, 2024
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MLS# 24440073 —
The Building
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Year Built:1973
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New Construction:No
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Building Area Total:6925.00
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# of Buildings:5
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Total Number Of Units:5
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Stories Total:2
Interior
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Levels:Multi/Split, Two
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Laundry:Washer Included, Dryer Included
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Laundry:1
Location
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Directions:From 405 freeway. Head East on Carson St...turn left on Grace Ave. Make Rightturn on 220th st. Property is located before you hit Dolores St.
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Latitude:33.82739900
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Longitude:-118.27102500
The Property
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Property Type:Residential Income
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Zoning:CARM12U&D*
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Lot Size Area:18714.0000
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Lot Size Acres:0.4296
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Lot Size SqFt:18714.00
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Lot Size Source:Assessor
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Other Structures:Shed(s)
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7335021024
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
Appliances
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Appliances:Disposal
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Included:Yes
The Community
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Senior Community:No
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Driveway, Garage - Single Door, Garage - Two Door, Private
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Parking Spaces:16.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/8/24
Nov 8, 2024
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Sold | CRMLS_CA | $2,100,000 | -4.5% |
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10/9/24
Oct 9, 2024
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Sold Subject To Contingencies | CRMLS_CA | $2,200,000 | |
|
9/16/24
Sep 16, 2024
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Listed / Active | CRMLS_CA | $2,200,000 |
