NOT LISTED FOR SALE

242 E 220th St Carson, CA 90745

Estimated Value: $1,506,000 - $1,794,057

5 Beds
4 Baths
4,598 Sq Ft
$358/Sq Ft Est. Value

Last Sold February 21, 2023

Last sale price $1,575,000 $343 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $10,496/month

Highlights

  • No Units Above
  • Fireplace in Kitchen
  • Laundry Room
  • 0.33 Acre Lot
  • Lawn
  • Landscaped

About This Home

As of February 2023

Attention Investors & All! Great opportunity to own prime income producing property of 4-units in Carson, Ca. Rent all four; or live in main front home and have 3 additional rental units in back. Great Location; very high demand rental area and price. Main home consists of 3 bedrooms (Could be a 4th Bedroom with office room with small closet) and 1 Full bath & 2 half bathrooms. Extra additional add-on rooms: one used previously as a huge library/ family room. Main home has living room at entry, full kitchen, large bedrooms and original stone fireplace in front of home for living room area. Fireplace made from original beautiful "Palos Verdes" stone. All 3 units in back are 2-bedroom 1 full Bath with 1 car private garage. Each unit has its own Gas & Electric meters. Total 2 water meters, (One water meter for main front house and one for 3 additional units). Recently painted exterior, and roof replaced approximate 2-4 years ago. Ample parking concrete driveway. Back units all include their own one car garage and access. Side alley/driveway shared with neighbors to back units, on right of house to drive to units #240, #240&1/2, #240&1/4. Much more, a must see! (Read all Agent Remarks and Showing Instruction Both Below before going to property!)

Last Agent to Sell the Property

Cheryl Peterson

eLife Realty License #01180745 Listed on: 01/23/2023

Last Buyer's Agent

Suraiya Sikora

Century 21 Coastal Properties License #01068502

Century 21 Coastal Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,752

Year Built

  • Built in 1963

Lot Details

  • 0.33 Acre Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Landscaped
  • Level Lot
  • Lawn
  • Front Yard

Parking

  • 5 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 4,598 Sq Ft Home
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Fireplace in Kitchen
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, security
  • Tax Lot 1
  • Tax Tract Number 13284
  • Assessor Parcel Number 7335022041
  • $2,874 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $8,000
  • Net Operating Income $10,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,752

Year Built

Built in 1963

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7335022041
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Fireplace Features: Family Room, Kitchen, Living Room
  • Levels: One
  • Price Per Square Foot: 342.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lawn, Level with Street, Lot 10000-19999 Sqft, Level
  • Lot Size Sq Ft: 14554.00
  • Lot Size Acres: 0.3341
  • Latitude Manual: 33.82760700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Security

Multi Family

  • Gross Income: 8000.00
  • Gross Scheduled Income: 12500.00
  • Lot Size Area: 14554.0000 Square Feet
  • Net Operating Income: 10500.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 4
  • Operating Expense: 2000.00
  • Rent Control: No

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 13284
  • Tax Annual Amount: 6752.05
  • TaxOtherAnnualAssessmentAmount: 2873.71

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 1993
Sold by
Stewart John C
Bought by
Stewart Suzanne M
Current Estimated Value
$1,646,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
4.99%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Stewart Suzanne M -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stewart Suzanne M $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2023 02/21/23 Sold $1,575,000 -1.6% $343 / Sq Ft
01/23/2023 01/23/23 Pending -- -- --
01/23/2023 01/23/23 Price Changed $1,600,000 0.0% $348 / Sq Ft
01/23/2023 01/23/23 For Sale $1,600,000 -- $348 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $22,128 $1,638,630 $1,144,440 $494,190
2024 $22,128 $1,606,500 $1,122,000 $484,500
2023 $18,730 $1,326,000 $612,000 $714,000
2022 $6,752 $337,408 $84,879 $252,529
2021 $6,639 $330,793 $83,215 $247,578
2020 $6,537 $327,402 $82,362 $245,040
2019 $6,357 $320,984 $80,748 $240,236
2018 $6,074 $314,691 $79,165 $235,526
2016 $5,800 $302,473 $76,092 $226,381
2015 $5,651 $297,931 $74,950 $222,981
2014 $5,641 $292,096 $73,482 $218,614
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW23008380

California Regional Multiple Listing Service (CRMLS)

APN: 7335-022-041