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Listed by Hazel Brown • Lyon Stahl Investment Real Estate, Inc.
$ 5,500,000
Est. payment | /mo
9,010 SqFt
$ 5,500,000
Est. payment | /mo
9,010 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,010 sqft
Price per Sqft $610
MLS Listing ID CRSB24250328
HOA Y/N No
Originating Board Datashare California Regional
Year Built 2016
Lot Size 0.427 Acres
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
Interior
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Building
Water Public
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Melanie Peterson-Katz
Partner | Lic# 00890767