141 1/2 East 223rd Street
141 1/2 East 223rd Street
Closed 4/6/23
Closed 4/6/23
Description
• Large 3-bedroom family-oriented units
• Washer/Dryer hook-ups
• $100,000 average income within 1-mile (perfect renter profile for 3-bedroom apartments)
• Side by side fourplexes allowing a buyer to obtain two residential loans...Pleased to present an exceptionally-rare opportunity to acquire an 8-unit apartment building that is side-by-side fourplexes consisting of 3-bedroom units in a prime rental market. The subject property checks the box on virtually everything an investor looks for in a property:
• Large 3-bedroom family-oriented units
• Washer/Dryer hook-ups
• $100,000 average income within 1-mile (perfect renter profile for 3-bedroom apartments)
• Side by side fourplexes allowing a buyer to obtain two residential loans or one commercial loan
• Ideal location across the street from Carson High School
• Centrally-located city of Carson with four major freeways passing through its borders (405, 110, 91 & 710)
• Well-maintained but with future upside potential on income
- Listed by Doug Rodermund • DRE #01314304 • Brokerage DRE #01220368 • Morgan Skenderian • dsr@morganskenderian.com
- Listed by Grant Hahn • DRE #01197893 • Brokerage DRE #01220368 • Morgan Skenderian
Property Details for 141 1/2 East 223rd Street
Location
Sold By Century 21 Union Realty, Mohamed Asif Dastagir, DRE #01390231
Property Details for 141 1/2 East 223rd Street
| Status | Closed |
|---|---|
| MLS # | PW23033903 |
| Days on Market | 34 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1963 |
| Lot Size | 0.30 AC / 13,099 SF |
| County | Los Angeles County |
Location
Sold By Century 21 Union Realty, Mohamed Asif Dastagir, DRE #01390231
Building Information for 141 1/2 East 223rd Street
Payment Calculator
$16,219 per month
30 year fixed, 7.25% Interest
$16,219
—
$0
Property Information for 141 1/2 East 223rd Street
- Tenant Pays: Electricity, Gas
- Gross Income: $225,768
- Gross Scheduled Income: $225,768
- Vacancy Allowance Rate: 3
- Gross Operating Income: $218,995
- Net Operating Income: $142,690
- Gross Multiplier: 13.73
- Cap Rate: 4.6
- Financing: Cash
- Operating Expense: $76,305
- New Taxes Expense: $35,960
- Gardener Expense: $2,400
- Fuel Expense: $3,335
- Electric Expense: $3,335
- Insurance Expense: $4,735
- Maintenance Expense: $16,000
- Professional Management Expense: $0
- Other Expense: $1,000
- Other Expense Description: Misc
- Trash Expense: $3,335
- Water Sewer Expense: $3,335
- Total Expenses: $76,305
- Tax Tract Number: 2982
- Tax Census Tract: 5438.04
- Tax Lot: 5
- Community Features: Gutters, Sidewalks
- Laundry: Yes
- Laundry Features: Gas Dryer Hookup, Washer Hookup
- Cooling: Wall/Window Unit(s)
- Pool Features: None
- Pool Description: None
- Additional Parcels Description: 7335024026
- Lot Features: Utilities - Overhead
- Number Of Units: 8
- Land Lease: No
- Land Lease Type: Fee
- Levels: Two
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 1
- Parking: Yes
- Parking Garage: Assigned, Carport
- Parking Garage Spaces: 1
- Carport Spaces: 11
- Parking Features: Assigned, Carport
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,194
- Unit Type Total Rent: $2,194
- Unit Type Pro Forma: 2200
- Unit Type Type: 1
- Unit Type Units Total: 3
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,200
- Unit Type Total Rent: $6,600
- Unit Type Pro Forma: 2595
- Unit Type Type: 2
- Unit Type Units Total: 2
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,365
- Unit Type Total Rent: $4,730
- Unit Type Pro Forma: 2595
- Unit Type Type: 3
- Unit Type Units Total: 2
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,595
- Unit Type Total Rent: $5,190
- Unit Type Pro Forma: 2595
- Unit Type Type: 4
- Rent Controlled: No
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 9
- Number Of Separate Gas Meters: 8
- Number Of Separate Water Meters: 1
Property History for 141 1/2 East 223rd Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 141 1/2 East 223rd Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 7 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Dolores Street Elementary School PublicK to 5 | ||
William J. Johnston Community Day School Public7 to 12 | ||
Academy Of Medical Arts At Carson High Public9 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Morgan Skenderian, Doug Rodermund, DRE #01314304; Morgan Skenderian, Grant Hahn, DRE #01197893
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.