$765,000
$775,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
5021 Elizabeth ST Cudahy, CA 90201
3,792 SqFt
Key Details
Sold Price $765,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,792 sqft
Price per Sqft $201
MLS Listing ID CV14070444
Sold Date 07/03/14
HOA Y/N No
Year Built 1956
Tax Year 2013
Lot Size 0.473 Acres
Acres 0.473
Property Description
We are pleased to exclusively offer for sale this 6 unit cottage style multi-family investment in the city of Cudahy (no rent control.) The subject property consists of 4 detached buildings comprised of; two detached cottages and two duplexes. The single story cottages are both 2 bedroom-1 bathroom and offer private gated yards, private attached garage parking and private laundry hookups. The duplex buildings are comprised of 2 bedroom-1 bathroom units and offer private gated backyards, private attached garage parking as well as private laundry hookups. None of the units share common walls with another dwelling as the duplex units are separated by the one car garages. The owner only pays for water and trash as all units are separately metered for electricity and gas. At over a 6.5% true cash on cash return, this investment property offers significant cash-flow.
The subject property is located in the desirable rental community of Cudahy. Cudahy offers an investor a prime location with little turnover or vacancy. Rental demand has increased in the last few years and has driven the potential asking rent per rentable square foot in an investor's favor.
Location
State CA
County Los Angeles
Area T5 - Walnutpk, Huntpk, Bell N Of Florence, And Cud
Rooms
Ensuite Laundry GasDryerHookup
Interior
Laundry Location GasDryerHookup
Fireplace No
Laundry GasDryerHookup
Exterior
Garage DoorSingle, Garage
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Curbs
Utilities Available SewerAvailable
Parking Type DoorSingle, Garage
Total Parking Spaces 6
Private Pool No
Building
Lot Description Item01UnitAcre
Story 1
Entry Level One
Water Public
Architectural Style Bungalow
Level or Stories One
Others
Senior Community No
Tax ID 6226030012
Acceptable Financing CashtoNewLoan
Listing Terms CashtoNewLoan
Financing CashtoNewLoan
Special Listing Condition Standard
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Bought with KRISTOPHER GERMAN • RE/MAX 2000