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Key Details
Sold Price $5,288,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24250328
Sold Date 04/18/25
Bedrooms 7
Property Sub-Type Res Income 2-4 Units
Property Type Res Income 2-4 Units
Property Description
Built in 2016, this NON RENT CONTROLLED multi-family asset is an 11-unit complex that is well designed and modernly constructed. All the units come with in-unit washer/dryer, private parking spaces and garages, private storage, HVAC units, etc etc. The average size of the mainly 2 bedroom units is approx. 820 Sq Ft., include wooden floors, carpeted bedrooms, dual-pane windows, GE appliances fully equipped with quartz countertops. Located in the heart of Carson, CA, a city that is a hub for diverse industries including Logistics, Warehousing & Manufacturing, including Oil and Refining. Additionally, the property is in excellent proximity to shopping, entertainment districts and restaurants. If you're an investor that's tired of the government dictating what your building can acquire for rent, then this is the property for you! With a rent increase allowed in January of 2025, buyer will have option of increasing rent by up to 9%. With a moderate increase of only 4%, there is a 32% upside in rents. The units are individually sub-metered for water and sewer. All the tenants pay for all the utilities including trash. AS CLOSE TO NNN FOR APARTMENT BLDG AS THERE IS.
Location
State CA
County Los Angeles
Zoning Builder
Direction On E Sepulveda Blvd between Avalon and Main
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 7406013024
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Bought with Wilfredo Paguio CSB REALTY
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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