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Listed by Doug Rodermund • Morgan Skenderian
$9,400,000
Est. payment /mo
33,180 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 33,180 sqft
Price per Sqft $283
MLS Listing ID CRPW25061344
HOA Y/N No
Year Built 1963
Lot Size 1.331 Acres
Property Sub-Type Other
Source Datashare California Regional
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
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Community Facility
Building
Lot Description Other
Water Public
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