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521 W 218th Place

Carson, CA 90745
  • $10,250,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: PW21247692
UPDATED: 30 min ago
$10,250,000
  • 0
    BEDS
  • 1.84
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1973
County:

School Ratings & Info

Listing Agent: Steven Bogoyevac of Steven M. Bogoyevac, Broker


Description

Rare opportunity to acquire a 30+ unit multifamily investment property in the strong inland South Bay rental market! The offering, located at 521 West 218th Place in Carson, California, consists of 36 units across six buildings on four contiguous parcels that span a massive 1.84 acres.The asset has a diverse mix of 10 studios, 10 one-bed/one-bath, nine two-bed/one-bath, and seven two-bed/two-bath units, all of which are separately metered for gas and electricity. The property boasts an amenities package that includes a sparkling pool with an expansive pool deck, three laundry rooms, and 65 carport parking spaces, some of which have storage. Additionally, the units have wall heaters, top-floor units have vaulted ceilings, and select units have walk-in closets and upgraded flooring.521 West 218th Place is located proximate to the 110 Freeway at Carson Street and within a mile of the Carson Town Center shopping mall, where tenants include Planet Fitness and Starbucks, and just a half-mile from the growing Harbor-UCLA Medical Center, a major employer in the area.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T18:26:39.427. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/123253032
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521 W 218th Place Carson, CA 90745

  • Price: $10,250,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 30 min ago
  • ID#: PW21247692
0
Beds
0
Baths
0
½ Baths
1.84
Acres
1973
Built
Neighborhood:
136 - Central Carson
County:
Los Angeles
Area:
136 - Central Carson
Property Description
Rare opportunity to acquire a 30+ unit multifamily investment property in the strong inland South Bay rental market! The offering, located at 521 West 218th Place in Carson, California, consists of 36 units across six buildings on four contiguous parcels that span a massive 1.84 acres.The asset has a diverse mix of 10 studios, 10 one-bed/one-bath, nine two-bed/one-bath, and seven two-bed/two-bath units, all of which are separately metered for gas and electricity. The property boasts an amenities package that includes a sparkling pool with an expansive pool deck, three laundry rooms, and 65 carport parking spaces, some of which have storage. Additionally, the units have wall heaters, top-floor units have vaulted ceilings, and select units have walk-in closets and upgraded flooring.521 West 218th Place is located proximate to the 110 Freeway at Carson Street and within a mile of the Carson Town Center shopping mall, where tenants include Planet Fitness and Starbucks, and just a half-mile from the growing Harbor-UCLA Medical Center, a major employer in the area.
Exterior Features

Lot Features Lot Over 40000 Sqft Number Of Separate Electric Meters 36 Parking Total 65 Pool Features In GroundPrivate Pool Private YN Yes Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN Yes Cap Rate 4.11 Common Interest None Community Features Suburban Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 725088 Gross Scheduled Income 725088 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 420968 New Construction YN No Number Of Separate Gas Meters 36 Number Of Separate Water Meters 3 Operating Expense 285914 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Carm25u&D*



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T18:26:39.427. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: Steven Bogoyevac of Steven M. Bogoyevac, Broker