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5100-5106 Elizabeth St
9 Unit Apartment Building $2,550,000 USD ($283,333 USD/Unit) 2.51% Cap Rate Cudahy, CA 90201
Investment Highlights
- 7 Detached SFR's and 1 Duplex on 33,861 Sq Ft of Land
- 45% Upside in the Rental Income
- Separately Metered for Gas & Electricity
- Excellent Unit Mix of 2 and 3 Bedroom Units
- Garage Parking for all Tenants (Total of 16 Spaces)
- Potential to Add ADU's - Buyer to Verify w/ City
Executive Summary
We are pleased to present 5100 Elizabeth Street, a 9-unit multifamily investment asset sitting on 33,861 square feet of prime Southern California multifamily residential land. The property consists of (2) 3-bedroom single family homes, (5) 2-bedroom single family homes and (1) duplex, each with 2-bedroom units. Ample garage parking with (16) total spaces and tenants each pay their own gas and electric.
There is approximately 45% upside in the current rents and the potential for multiple ADU's - Buyer to verify with city. The subject offering presents an excellent investment opportunity because of it's great location, significant amount of rental upside and ADU potential. BUYER TO VERIFY UNIT MIX AND SQUARE FOOTAGE WITH THE CITY OF CUDAHY.
There is approximately 45% upside in the current rents and the potential for multiple ADU's - Buyer to verify with city. The subject offering presents an excellent investment opportunity because of it's great location, significant amount of rental upside and ADU potential. BUYER TO VERIFY UNIT MIX AND SQUARE FOOTAGE WITH THE CITY OF CUDAHY.
Property Facts Under Contract
| Price | $2,550,000 USD | Apartment Style | Low Rise |
| Price Per Unit | $283,333 USD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.78 AC |
| Cap Rate | 2.51% | Building Size | 8,064 SF |
| Gross Rent Multiplier | 17.53 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 1.98/1,000 SF |
| Price | $2,550,000 USD |
| Price Per Unit | $283,333 USD |
| Sale Type | Investment |
| Cap Rate | 2.51% |
| Gross Rent Multiplier | 17.53 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.78 AC |
| Building Size | 8,064 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1956 |
| Parking Ratio | 1.98/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | - | - |
| 3+2 | 2 | - | - |
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PROPERTY TAXES
| Parcel Number | 6224-002-013 | Improvements Assessment | $184,626 USD |
| Land Assessment | $49,000 USD | Total Assessment | $233,626 USD |
PROPERTY TAXES
Parcel Number
6224-002-013
Land Assessment
$49,000 USD
Improvements Assessment
$184,626 USD
Total Assessment
$233,626 USD
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Nicholas Petrosian -
RE/MAX Commercial & Investment Realty
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5100-5106 Elizabeth St
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