Cudahy, CA 90201,5307 Live Oak ST

$1,700,000

Est. payment /mo

$1,850,000

8.1%
Est.Price: ?

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5307 Live Oak ST Cudahy, CA 90201

SOLD DATE : 07/20/2018

Key Details

Sold Price $1,700,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR18122344

Sold Date 07/20/18

HOA Y/N No

Property Description

The property is .93 acres zoned medium residential, with potential to build up to 23 multifamily units. This opportunity is in a non-rent-controlled area of Los Angeles County, with less than 10 miles from Downtown Los Angeles. The site is surrounded by residential and multifamily residential communities. The area is comprised mostly of blue collar hard working families with a steep barrier-to-entry. Strong demographics with over 52,397 renter occupied housing units and an average household income of $57,337. Buyer to verify all information regarding zoning and check with the city on the ability to complete the desired project, and not rely on the listing broker to guarantee any project. Visit the Planning department or City Uses for Permitted Uses. The Medium Density Residential designation allows for a variety of housing types, heights, and densities. Policies for this designation focus on efficient use of lot space, high design quality, sufficient off-street parking, and onsite open space or recreational amenities. The housing may be both as single-family attached and multi-family formats. 2017 Population Census in 2017 330,059 people within 3-mile radius. Nearby to major retailers such as: Starbucks, WaBa Grill, Wingstop, Applebee’s, IHOP, Food 4 Less, Rite Aid, Big 5 Sporting Goods, Ross, Marshalls, Subway, Citibank, Chase, U.S Bank and much more. Less than 1 mile to The Bicycle Hotel & Casino which employs over 1,250 people

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning CUR3*

Interior

Fireplace No

Exterior

Community Features Curbs

View Y/N Yes

View City Lights, Reservoir

Building

Lot Description 21-25 Units/Acre, Front Yard, Lot Over 40000 Sqft

Water See Remarks

New Construction No

Others

Senior Community No

Tax ID 6226006006

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Owner May Carry

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Owner May Carry

Financing Cash to Loan

Special Listing Condition Standard

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Mike And Mary Jafarkhani

Mike And Mary Jafarkhani

+1(949) 533-5040

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Matthew Guerra • GIG Real Estate Inc.
Bought with Matthew Guerra • GIG Real Estate Inc.

Mike And Mary Jafarkhani

Broker Associate | License ID: 00999447

+1(949) 533-5040

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