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4710 Live Oak, Cudahy, CA 90201
Priced at Only: $1,495,000
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Address: 4710 Live Oak, Cudahy, CA 90201
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  • MLS#: SB26062889 ( Apartment )
  • Street Address: 4710 Live Oak
  • Viewed: 6
  • Price: $1,495,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 0
  • Days On Market: 19
  • Additional Information
  • County: LOS ANGELES
  • City: Cudahy
  • Zipcode: 90201
  • Provided by: CJM Realty
  • Contact: Christian Christian
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Excellent opportunity to acquire a 6 unit multifamily income property in the heart of Cudahy, CA. Built in 1959 and situated on a generous 20,405 SF (0.47 acre) lot, this property features six (6) 2 bedroom/1 bathroom units, shared garages between units, and ample on site surface parking a rare and desirable combination in this dense urban submarket. A rare find for a building of this era all six units are individually metered for gas, electric, and water. Beyond the immediate benefit of zero owner utility exposure, individual metering unlocks a broader range of investment strategies and future optionality that master metered properties simply cannot offer. Five of the six units are currently leased below market value, generating a current gross annual income of $137,364 ($11,447/month). With Unit 6 already achieving $2,646/month as a market rate comparable, there is significant rental upside as below market leases turn. At the asking price of $1,495,000, the property offers a current Cap Rate of 5.24% and a GRM of 10.88x. Conveniently located near the 710 and 105 freeways, Florence Street, and Atlantic Avenue, with shopping, dining, and transit all within close proximity. $1,495,000 | $249,167/Unit | 6 Units | 20,405 SF Lot | CAP: 5.24% (Current) / 7.26% (Pro Forma) Buyer to verify all information independently. Subject to applicable rental regulations.
Features
Building Area Total
  1. 4500.00
Commoninterest
  1. None
Common Walls
  1. 1 Common Wall
Country
  1. US
Days On Market
  1. 15
Garage Spaces
  1. 6.00
Gardner Expense
  1. 600.00
Insurance Expense
  1. 5085.00
Laundry Features
  1. Gas & Electric Dryer Hookup
  2. Washer Hookup
Levels
  1. One
Lockboxtype
  1. None
Lot Dimensions Source
  1. Assessor
Lot Features
  1. Lot 20000-39999 Sqft
Netoperatingincome
  1. 90476.00
Newtaxesexpense
  1. 18688.00
Otherexpense
  1. 3000.00
Otherexpensedescription
  1. Reserves
Parcel Number
  1. 6226013023
Pool Features
  1. None
Professionalmanagementexpense
  1. 3000.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 459157899:CRM
Tenant Pays
  1. Gas
  2. Water
  3. Electricity
Totalactualrent
  1. 137364.00
Totalexpenses
  1. 40020.00
Trash Expense
  1. 5760.00
Water Source
  1. Public
Year Built
  1. 1959
Year Built Source
  1. Assessor
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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