Historical Multifamily Sale Listing - 411 W. Fiat - Carson Gem

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411 W. Fiat - Carson Gem

411 W. Fiat, Carson, CA 90745

N/A

6 Units | Multifamily

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Multifamily Property - Off Market

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

Highlights

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

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

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

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