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Listed by Doug Rodermund • Morgan Skenderian
$ 9,400,000
Est. payment | /mo
33,180 SqFt
$ 9,400,000
Est. payment | /mo
33,180 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 33,180 sqft
Price per Sqft $283
MLS Listing ID PW-25061344
Year Built 1963
Lot Size 1.331 Acres
Property Sub-Type Apartment
Property Description
Offered for the first time in 31 years, Morgan Skenderian is pleased to present 5030 Santa Ana Street, a 46-unit multifamily opportunity in the city of Cudahy. The property offers an extremely sought-after unit mix rarely found in apartment buildings, consisting of eight 1-bedroom, twelve 2-bedroom and twenty-six 3-bedroom units on an oversized 1.33 acre lot. Located in an excellent rental area on a residential street with ample parking (78 carports & spaces) and gated entry. Cudahy is a phenomenally-good rental market for apartment owners, with the city having one of the highest population of densities of any city in the United States. Paired with the fact that 86% of Cudahy residents are renters, the city has almost an nonexistent vacancy rate and rapidly rising rents as demand far outpaces supply. Huge amount of upside for a new owner brining rents to market level.
Location
State CA
County Los Angeles
Zoning CUR3*
Interior
Cooling Wall/Window Unit(s)
Laundry Community
Exterior
Parking Features Gated
Pool None
Community Features Curbs, Gutters, Sidewalks
Building
Lot Description Rectangular Lot
Sewer Public Sewer