4926 Elizabeth Street

    Cudahy, CA 90201
    • $1,100,000
    • STATUS: Active
    • ON SITE: 75 days
    • ID#: SB19210978
    UPDATED: 44 min ago
    $1,100,000
    • 0
      BEDS
    • 0.47
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,399
      SQFT
    • $786
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    Price Reduced! This is an excellent Multi Family Re-Development Opportunity at 4926 Elizabeth St, Cudahy, CA. The parcel consists of a huge 20,534 square foot lot and is located in the red-hot Mid-Cities/Southeast LA submarket of Los Angeles County. Currently, the property is operating as (2) 2-bed/1-bath units that are each collecting $1,300/month in rent and is not subject to rent control. That said, the true value in this deal lies in the development upside. First off, this parcel is zoned CUR3, which represents a High Density Residential Zone (HDR). This designation provides for higher density, multi story residential development and, in other words, more units. Additionally, this parcel is located within an Opportunity Zone. Any re-development opportunity located in a burgeoning rental market with an O-Zone designation is the golden ticket for any savvy, long-term hold investor. That said, given the positioning of the current units, this offering is suitable for all levels of real estate development. Whether the plan is to keep the existing units and build out the back over time, or wipe the slate clean and paint on a blank canvas, the upside and versatility of the parcel is without question.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-19T17:30:48.36. 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 deemed reliable but is not guaranteed accurate by the MLS or Naylor Properties | RE/MAX Estate Properties. Licensed in the State of California, USA.
    www.naylorproperties.com/homes/98637664

    4926 Elizabeth Street Cudahy, CA 90201

    • Price: $1,100,000
    • Status: Active
    • Updated: 44 min ago
    • ID#: SB19210978
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.47
    Acres
    1,399
    SQFT
    $786
    $/SQFT
    1921
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    Price Reduced! This is an excellent Multi Family Re-Development Opportunity at 4926 Elizabeth St, Cudahy, CA. The parcel consists of a huge 20,534 square foot lot and is located in the red-hot Mid-Cities/Southeast LA submarket of Los Angeles County. Currently, the property is operating as (2) 2-bed/1-bath units that are each collecting $1,300/month in rent and is not subject to rent control. That said, the true value in this deal lies in the development upside. First off, this parcel is zoned CUR3, which represents a High Density Residential Zone (HDR). This designation provides for higher density, multi story residential development and, in other words, more units. Additionally, this parcel is located within an Opportunity Zone. Any re-development opportunity located in a burgeoning rental market with an O-Zone designation is the golden ticket for any savvy, long-term hold investor. That said, given the positioning of the current units, this offering is suitable for all levels of real estate development. Whether the plan is to keep the existing units and build out the back over time, or wipe the slate clean and paint on a blank canvas, the upside and versatility of the parcel is without question.
    Exterior Features

    Garage Spaces 0.00 Lot Features 16-20 Units/AcreLot 20000-39999 Sqft Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features See Remarks

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 31200.00 Gross Operating Income 30264.00 Gross Scheduled Income 31200.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 22464.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 7800.00 Operating Expense Percent 25.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 7800.00 Trash Expense 0.00 Vacancy Allowance 936 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Public Records Zoning Cur3*

    Listing provided courtesy of Joshua Barut of Lyon Stahl Investment Real Estate, Inc. and Benjamin Gribnau of Zacuto Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-19T17:30:48.36. 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 deemed reliable but is not guaranteed accurate by the MLS or Naylor Properties | RE/MAX Estate Properties. Licensed in the State of California, USA.
     
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