This property is Off-Market

411 W. Fiat
Carson, CA 90745 ·

6 Units · Multifamily For Sale

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411 W. Fiat - Carson Gem

Price N/A Cap Rate 6.20%
No. Units 6 Gross Rent Multiplier 10
Building Size 4,048 SF No. Stories 2
Property Type Multifamily Year Built 1948
Property Sub-type Garden/Low-Rise Lot Size 7,497 SF
Property Use Type Investment APN / Parcel ID 7341-003-021
Commission Split 2.75% Parking Ratio 1.25 / 1,000 SF
Listing ID: 16555972 Date Created: 02/02/2010 Last Updated: 01/08/2013

Description

7% ROI...This is a wonderful investment opportunity located in a very strong rental area of Carson. All 2br/1ba units with ample onsite parking makes this a very stable investment. Most units have been upgraded throughout and there is an onsite laundry room that can be used for additional income. This building is located close to freeways and schools and is ideal for a long term investment. This rare Carson investment opportunity won't last long.

Carson was part of a Spanish Land Grant known as Rancho San Pedro deeded to Juan Jose Dominguez over 200 years ago. During the incorporation process, the community was named after George Henry Carson, a member of the Dominguez family. "Dominguez" was a close second to "Carson" as the name for the newly incorporated city. Incorporated as a general law city on February 20, 1968, the city adopted the motto of "Future Unlimited." Its strategic location and vacant land were part of the reason for that statement of unbridled optimism.

Located in the South Bay section of Los Angeles County, Carson has grown from a population of 61,000 in 1968 to 94,826 in 2003. Over the years, three annexations have increased the city's size to 19.2 square miles. Steady and continued growth has enabled Carson to become a city of regional significance. In fact, in FY 1997/1998, Carson's assessed valuation grew by the greatest percentage of any city in the county with an assessed valuation of $7.3 billion. By FY 2002/2003, the assessed valuation on secured and unsecured properties has grown to $9.6 billion.

While Carson is well known as an industrial center with unparalleled access to tra

Highlights

  • Strong Rental Area
  • Sepearately Metered
  • Rare Carson Investment Opportunity
  • Updated Units
  • Low Vacancy

Research

411 W. Fiat, Carson, CA 90745 (Los Angeles County)

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