334 E 220Th Street, Carson, CA 90745
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Listed Price :
$2,200,000
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Beds :
15
-
Baths :
10
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Property Size :
6,925 sqft
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Year Built :
1973
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.
Interior Features
| Bedroom Information |
| Bedrooms |
15 |
| Bathroom Information |
| Bathrooms |
10 |
Listing Information
| Address |
334 E 220Th Street |
| City |
Carson |
| State |
CA |
| Zip |
90745 |
| County |
Los Angeles |
| Listing Agent |
John McCann DRE #01963932 |
| Courtesy Of |
Lyon Stahl Investment Real Estate, Inc. |
| List Price |
$2,200,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
6,925 |
| Lot Size |
18,714 |
| Year Built |
1973 |
Listing information courtesy of: John McCann, Lyon Stahl Investment Real Estate, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 24th, 2024 at 4:50 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
