366 E Swope Street, Carson, California 90745, Carson, 90745 - bed, bath
ACTIVE$1,599,000
366 E Swope Street, Carson, California 90745
0Bed
0Bath
4,515Sqft
26,939Lot
Year Built
1932
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$354
HOA
-
Days on market
-
Sold On
-
MLS number
PV24236999
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros.
Excellent opportunity to own a 5 unit multi-family income property in central Carson on huge lot almost 27,000 sqft street to street. The mix of units are two 3 bedroom & 1 bath + 2 car garage, two 2 bedroom and 1 bath (1 unit physically a 3 bedroom) and one 1 bedroom and 1 bath (physically 2 bedroom). One 2 bedroom has 2 car garage + long driveway and other 2 bedroom has 1 car garage. The 1 bedroom unit has space to park 3 cars in its own driveway. The 1 bedroom has oversized backyard and the other two 3 bedroom units have good sized backyard. There is great upside potential for increased rental income. Some of the units are in need of repairs and upgrades.
Price History
Date
Event
Price
02/11/02
Sold
$475,000
Condition Rating
Poor
The property was built in 1932, making it 92 years old. The MLS description explicitly states that 'Some of the units are in need of repairs and upgrades.' The images confirm this, showing consistently outdated kitchens with dark wood cabinets, laminate countertops, and basic appliances, along with dated tile flooring and popcorn ceilings throughout various units. Bathrooms also appear very old with basic fixtures and finishes. While the property is functional and not a tear-down, it requires substantial repairs and rehabilitation to modernize and improve its condition, aligning with the 'poor' category's criteria for properties built over 30 years ago with significant defects or outdated major components requiring repair.
Pros & Cons
Pros
Multi-Unit Income Property: A 5-unit multi-family property provides a robust income stream and investment diversification, appealing to investors seeking consistent cash flow.
Expansive Lot with Development Potential: An almost 27,000 sqft lot with street-to-street access offers significant potential for future expansion, additional units (ADUs), or redevelopment, subject to zoning.
Strategic Central Carson Location: Positioned in central Carson, the property benefits from strong rental demand and convenient access to local amenities and transportation.
Diverse Unit Mix & Ample Parking: The property features a varied unit composition (1, 2, 3 bedrooms) and generous parking options, including garages and driveways, appealing to a broad tenant base.
Significant Rental Income Upside: There is explicit potential for increased rental income post-acquisition and improvements, enhancing future cash flow and investment returns.
Cons
Extensive Renovation Requirements: Multiple units are in need of repairs and upgrades, necessitating substantial capital investment from the buyer to modernize and maximize rental value.
Advanced Property Age: Built in 1932, the property likely requires updates to its aging infrastructure and systems, potentially leading to higher maintenance costs and unforeseen repairs.
Immediate Capital Outlay for Value Realization: Achieving the stated 'upside potential' is contingent upon significant upfront investment in renovations, which could impact initial return on investment and require careful financial planning.