CA > Carson
Carson, CA 90745,334 E 220th St
Carson, CA 90745,334 E 220th St
Carson, CA 90745,334 E 220th St
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$2,200,000
Est. payment /mo
15 Beds
10 Baths
6,925 SqFt
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UPDATED:

10/09/2024 04:09 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 6,925 sqft

Price per Sqft $317

MLS Listing ID 24-440073

Bedrooms 15

Year Built 1973

Lot Size 0.430 Acres

Acres 0.4296

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 Central Carson

Zoning CARM12U&D*

Rooms

Other Rooms Shed(s)

Interior

Heating Wall

Cooling Air Conditioning, Window Unit(s)

Equipment Dryer, Hood Fan, Garbage Disposal, Washer

Exterior

Garage Attached, Driveway, Garage - 1 Car, Garage - 2 Car, Private Garage

Garage Spaces 16.0

Building

Story 2

Level or Stories Multi/Split, Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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