Los Angeles, Residential Income – 5250 Elizabeth St, Cudahy, CA 90201, USA -001-11-30T00:00:00-08:00
An multifamily investment opportunity of this size, potential, and quality is rare in today’s Los Angeles market. The property consists of 5 buildings totaling 18,868 rentable square feet on a very large 40,870 square foot lot. The property has an ideal un
5250 Elizabeth St, Cudahy, CA 90201, USA
$6,500,000 USD
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Address5250 Elizabeth Street, Cudahy
Price$6,500,000
Year Built1925
Bedrooms Total0
Living Area18,868 ft2
Lot Size (Sq.Ft.)40,871
Listing IDSB17246817
StatusActive
Parcel Number6224001006
ZoningCUR3
Special ConditionsStandard
Days on Market19

Detailed Description: An multifamily investment opportunity of this size, potential, and quality is rare in today’s Los Angeles market. The property consists of 5 buildings totaling 18,868 rentable square feet on a very large 40,870 square foot lot. The property has an ideal unit mix of 24 Two Bed / One Baths and 2 Four Bed / Two Bath free standing units. Every unit is individually metered for gas and electricity and has ample parking for all tenants. There are a total of 57 available parking spaces. In addition, twelve of the units have their own water heaters and have individual, enclosed patios. The four bedroom units have their own private parking lot and enclosed patios as well. There are also community laundry facilities available for tenants. The property is NOT subject to rent control, and has potential upside in rents of up to 23%! A majority of the units have been significantly rehabbed. This rehab includes: tile and / or vinyl plank flooring, new paint, new granite counter tops and kitchen cabinetry, ceiling fans, new bathroom vanities, tile shower enclosures and other attractive finishes throughout!

Laundry
Pool Private
Rent Control
Senior Community
Property Attached
Land Lease

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Address Information
Address5250 Elizabeth Street, Cudahy
Street SuffixStreet
CityCudahy
Location (MLS Area)T5 – WalnutPk, HuntPk, Bell N of Florence, and Cud
County Or ParishLos Angeles
Postal Code Plus45358
CountryUS
Financial Information
Price per Square Foot$344.50
Price per Lot Square Foot$159.04
Special ConditionsStandard
Total Expenses$166,614
Professional Management Expense$23,578
Operating Expense$166,614
Insurance Expense$10,000
Electric Expense$1,380
Water Sewer Expense$6,582
Trash Expense$8,316
Fuel Expense$2,307
Gross Income$433,679
Gross Scheduled Income$433,679
Net Operating Income$260,613
Tax Year2017
Tax Lot420
New Taxes Expense$76,086
Full Descriptions
Parcel Number6224001006
Detailed DescriptionAn multifamily investment opportunity of this size, potential, and quality is rare in today’s Los Angeles market. The property consists of 5 buildings totaling 18,868 rentable square feet on a very large 40,870 square foot lot. The property has an ideal unit mix of 24 Two Bed / One Baths and 2 Four Bed / Two Bath free standing units. Every unit is individually metered for gas and electricity and has ample parking for all tenants. There are a total of 57 available parking spaces. In addition, twelve of the units have their own water heaters and have individual, enclosed patios. The four bedroom units have their own private parking lot and enclosed patios as well. There are also community laundry facilities available for tenants. The property is NOT subject to rent control, and has potential upside in rents of up to 23%! A majority of the units have been significantly rehabbed. This rehab includes: tile and / or vinyl plank flooring, new paint, new granite counter tops and kitchen cabinetry, ceiling fans, new bathroom vanities, tile shower enclosures and other attractive finishes throughout!
Lot FeaturesLot Over 40000 Sqft
Community FeaturesCurbs
Water SourcePublic
Laundry FeaturesCommunity
Common Walls Description2
Pool FeaturesNone
Property parameters
Year Built1925
Living Area (Sq.Ft.)18,868 ft2
Lot Size (Sq.Ft.)40,871
Lot Size SourceAssessor
Number of Buildings5
Number of Units Total26
ZoningCUR3
Parking Spaces57
Water SourcePublic
Units Total26
Year Built SourceAssessor
Number of Separate Electric Meters27
Number of Separate Gas Meters27
Number of Separate Water Meters1
Listed withJosh Cohen (Keller Williams Beach Cities)