NOT LISTED FOR SALE

521 W 218th Place Carson, CA 90745

5 Beds
5 Baths
28,708 Sq Ft
1.84 Acres

Last Sold February 10, 2022

Last sale price $10,400,000 $362 Per Sq Ft

89 Days on Market

Highlights

  • In Ground Pool
  • 1.84 Acre Lot
  • Laundry Room

About This Home

As of February 2022

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.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 11/12/2021

Last Buyer's Agent

Vincent Hinh

First Team Real Estate License #02071442

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 1.84 Acre Lot
  • No Common Walls
  • 7343019083, 7343019084, 7343019085

Interior Spaces

  • 28,708 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • 65 Parking Spaces
  • 65 Carport Spaces

Additional Features

  • In Ground Pool
  • Suburban Location

Listing and Financial Details

  • Tax Lot 42
  • Tax Tract Number 3612
  • Assessor Parcel Number 7343019082
  • $5,204 per year additional tax assessments

Community Details

Overview

  • 6 Buildings
  • 36 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 36 Separate Electric Meters
  • 36 Separate Gas Meters
  • 3 Separate Water Meters
  • Operating Expense $285,914
  • Gross Income $725,088
  • Net Operating Income $420,968

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Listing Details

  • CapRate: 4.11
  • Price Per Unit: 284722
  • Property Attached: No
  • Zoning: CARM25U&D*
  • Property Type: Residential Income
  • Parcel Number: 7343019082
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Price Per Square Foot: 362.27

Exterior Features

  • Pool Features: Private, In Ground
  • Pool Private: Yes

Garage/Parking

  • Carport Spaces: 65.00
  • Total Parking Spaces: 65.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 7343019083, 7343019084, 7343019085
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 80150.40
  • Lot Size Acres: 1.8400

Multi Family

  • Gross Income: 725088.00
  • Gross Multiplier: 14.14
  • Gross Scheduled Income: 725088.00
  • Laundry Income: 1486.00
  • Lot Size Area: 1.8400 Acres
  • Net Operating Income: 420968.00
  • Number Of Separate Electric Meters: 36
  • Number Of Separate Gas Meters: 36
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 36
  • Operating Expense: 285914.00
  • Rent Control: Yes
  • Total Expenses: 285914.00

Tax Info

  • Tax Census Tract: 5435.01
  • Tax Lot: 42
  • Tax Tract Number: 3612
  • TaxOtherAnnualAssessmentAmount: 5204.00

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
02/10/2022 02/10/22 Sold $10,400,000 +1.5% $362 / Sq Ft
02/10/2022 02/10/22 For Sale $10,250,000 -1.4% $357 / Sq Ft
02/09/2022 02/09/22 Off Market $10,400,000 -- --
02/02/2022 02/02/22 For Sale $10,250,000 -1.4% $357 / Sq Ft
02/01/2022 02/01/22 Off Market $10,400,000 -- --
02/01/2022 02/01/22 For Sale $10,250,000 -1.4% $357 / Sq Ft
01/31/2022 01/31/22 Off Market $10,400,000 -- --
01/07/2022 01/07/22 For Sale $10,250,000 -1.4% $357 / Sq Ft
01/06/2022 01/06/22 Off Market $10,400,000 -- --
01/06/2022 01/06/22 For Sale $10,250,000 -1.4% $357 / Sq Ft
01/05/2022 01/05/22 Off Market $10,400,000 -- --
11/12/2021 11/12/21 For Sale $10,250,000 -- $357 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21247692

California Regional Multiple Listing Service (CRMLS)