334 E 220th Street Carson, CA 90745

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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.