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3108008221
Real Estate Company
4900 Live Oak Street, Cudahy, CA 90201
- $3,750,000
- List Price
- $3,750,000
- Status
- ACTIVE
- MLS#
- OC26210346
- Year Built
- 1954
- Lot Size
- 40,425
- Acres
- 0.93
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 12
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- One Level
Property Description
$362,340 GROSS SCHEDULED INCOME | 6.35% CAP | 13 UNITS ON TWO CONTIGUOUS PARCELS. This rare offering includes two contiguous parcels totaling approximately 40,425 square feet and a combined 13 units, six on one parcel and seven on the other. Each unit is a single-level, cottage-style residence, and the property includes multiple garages and ample surface parking. The electrical at 4900 Live Oak has been updated with new mains and sub panels. The property produces $362,340 in gross scheduled income against $116,794 in operating expenses, for a net operating income of $238,299. Additional potential includes accessory dwelling units or a complete redevelopment, buyer to verify all options with the city. Located in an area already experiencing new construction, including a recently completed apartment building nearby. Steps from the Atlantic Avenue dining and retail corridor, with Plaza Mexico in Lynwood roughly 10 minutes away and the Watts Towers and Augustus F. Hawkins Natural Park about 15 minutes out.
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Additional Information
- Pool Description
- None
- Heat
- Central
- View
- None
- Garage Spaces Total
- 13
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- All Bedrooms Down
- Attached Structure
- Attached
- Number Of Units Total
- 13
- Gross Scheduled Income
- $362,340
- Operating Expense
- 116794
Listing courtesy of Listing Agent: Joseph Lotfy (JosephLotfy@BHHScal.com) from Listing Office: Berkshire Hathaway HomeService.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.