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Key Details
Sold Price $775,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW22252377
Sold Date 12/22/22
HOA Y/N No
Lot Size 3,937 Sqft
Property Description
THIS PROPERTY RECEIVED AN APPRAISAL AT $770,000 ON 11-21-22 -- Situated on the hard corner of Sante Fe and Van Buren, 2766 E Van Buren in Carson is a 3 unit property consisting of one 1,814 SF structure that sits on a 3,900 SF lot zoned CARM25U with direct alleyway access and an attached 3 car garage, which could potentially be converted* into an ADU 4th unit (*buyer must verify). The property consists of one 2-bedroom/ 1-bathroom unit and two 1-bedroom/ 1-bathroom units. Currently grossing $55,044 per year, this offering is been delivered at a 5.24% current cap rate. Additionally, an investor could benefit from the potential of over 15% of rental upside. This property has been professionally managed. Within the last year, the roof has been completely re-done. This asset is situated off of I-710; steps across the street from Dominguez Elementary School and Rancho Dominguez Preparatory School; and 10 minutes away from the Bella Vita Project, a 65 multi-family mixed use project; this project will provide affordable housing for seniors and public retail opportunities for the residents of Carson.
THIS PROPERTY RECEIVED AN APPRAISAL AT $770,000 ON 11-21-22 -- Situated on the hard corner of Sante Fe and Van Buren, 2766 E Van Buren in Carson is a 3 unit property consisting of one 1,814 SF structure that sits on a 3,900 SF lot zoned CARM25U with direct alleyway access and an attached 3 car garage, which could potentially be converted* into an ADU 4th unit (*buyer must verify). The property consists of one 2-bedroom/ 1-bathroom unit and two 1-bedroom/ 1-bathroom units. Currently grossing $55,044 per year, this offering is been delivered at a 5.24% current cap rate. Additionally, an investor could benefit from the potential of over 15% of rental upside. This property has been professionally managed. Within the last year, the roof has been completely re-done. This asset is situated off of I-710; steps across the street from Dominguez Elementary School and Rancho Dominguez Preparatory School; and 10 minutes away from the Bella Vita Project, a 65 multi-family mixed use project; this project will provide affordable housing for seniors and public retail opportunities for the residents of Carson.
Location
State CA
County Los Angeles
Area Long Beach (90810)
Zoning Other
Building
Lot Size Range 1-3999 SF
Others
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash
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Bought with Raj Sharma • HomeSmart Realty Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "