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Multifamily

521 W 218th Pl

521 W 218th Pl, Carson, CA 90745

Listing Price: $10,250,000

Cap Rate
4.11%
Number of Units
36
Price/Unit
$284,722
Price/Gross SF
$357.04
Gross SF
28,708

Investment Overview

Marcus & Millichap is pleased to present to market the rare opportunity to acquire a 30+ unit multifamily investment property in the strong inland South Bay rental market. The offering, located at 521 West 218th Place in Carson, California, consists of 36 units across six buildings on four contiguous parcels that span a massive 1.84 acres. The asset has a diverse mix of 10 studios, 10 one-bed/one-bath, nine two-bed/one-bath, and seven two-bed/two-bath units, all of which are separately metered for gas and electricity. The property boasts an amenities package that includes a sparkling pool with an expansive pool deck, three laundry rooms, and 65 carport parking spaces, some of which have storage. Additionally, the units have wall heaters, top-floor units have vaulted ceilings, and select units have walk-in closets and upgraded flooring. 521 West 218th Place is located proximate to the 110 Freeway at Carson Street and within a mile of the Carson Town Center shopping mall, where tenants include Planet Fitness and Starbucks, and just a half-mile from the growing Harbor-UCLA Medical Center, a major employer in the area.

Investment Highlights

  • Rare 36-Unit Acquisition Opportunity in the Strong Inland South Bay Rental Market
  • Diverse Mix of Two-Bedroom, One-Bedroom and Studio Units
  • Trophy Asset Spans 4 Parcels & 1.84 Acres
  • 20% Rental Upside + Potential to Explore ADU's
  • Amenities Include a Pool With an Expansive Pool Deck, Ample Carport Parking, Three Laundry Rooms, Vaulted Ceilings, Wall Heaters, and More

Exclusively Listed By

  • Jonathan Wells

    Associate

    Email Jonathan

    License(s): CA: 02120698

    South Bay

  • Izzy Sanchez

    First Vice President Investments

    Email Izzy

    License(s): CA: 01236591

    South Bay

  • Steve Bogie Bogoyevac

    Senior Managing Director Investments

    (424) 405-3826

    Email Steve Bogie

    License(s): CA: 01332755

    South Bay

Multifamily

521 W 218th Pl

Listing Price: $10,250,000

Cap Rate
4.11%
Number of Units
36
Price/Unit
$284,722
Price/Gross SF
$357.04
Gross SF
28,708

Investment Highlights

  • Rare 36-Unit Acquisition Opportunity in the Strong Inland South Bay Rental Market
  • Diverse Mix of Two-Bedroom, One-Bedroom and Studio Units
  • Trophy Asset Spans 4 Parcels & 1.84 Acres
  • 20% Rental Upside + Potential to Explore ADU's
  • Amenities Include a Pool With an Expansive Pool Deck, Ample Carport Parking, Three Laundry Rooms, Vaulted Ceilings, Wall Heaters, and More

Investment Overview

Marcus & Millichap is pleased to present to market the rare opportunity to acquire a 30+ unit multifamily investment property in the strong inland South Bay rental market. The offering, located at 521 West 218th Place in Carson, California, consists of 36 units across six buildings on four contiguous parcels that span a massive 1.84 acres. The asset has a diverse mix of 10 studios, 10 one-bed/one-bath, nine two-bed/one-bath, and seven two-bed/two-bath units, all of which are separately metered for gas and electricity. The property boasts an amenities package that includes a sparkling pool with an expansive pool deck, three laundry rooms, and 65 carport parking spaces, some of which have storage. Additionally, the units have wall heaters, top-floor units have vaulted ceilings, and select units have walk-in closets and upgraded flooring. 521 West 218th Place is located proximate to the 110 Freeway at Carson Street and within a mile of the Carson Town Center shopping mall, where tenants include Planet Fitness and Starbucks, and just a half-mile from the growing Harbor-UCLA Medical Center, a major employer in the area.

Exclusively Listed By

  • Jonathan Wells

    Associate

    Email Jonathan

    License(s): CA: 02120698

    South Bay

  • Izzy Sanchez

    First Vice President Investments

    Email Izzy

    License(s): CA: 01236591

    South Bay

  • Steve Bogie Bogoyevac

    Senior Managing Director Investments

    (424) 405-3826

    Email Steve Bogie

    License(s): CA: 01332755

    South Bay

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