Condominium buy in Cudahy California

5200 Live Oak St is a well-maintained 10-unit multifamily property with strong in place income located in Cudahy. Built in 1917, the subject property consists of (8) separate homes and (1) duplex, totaling 8,800 rentable square feet. The property offers a strong unit mix comprised of (8) 2BD/1BA, (1) 3BD/1BA and (1) 3BD/2BA units. Situated on a large 40,491 square foot lot, the property provides ample parking, privacy, space for the tenants, additional exterior storage space, and presents an investor with the ability to increase density by adding ADU(s). Situated in the Non-RSO city of Cudahy, 5200 Live Oak St. offers convenient access to the 710, 105, and 5 freeways with quick access to Downtown Los Angeles. The property is also 10 minutes away from the Commerce Commuter Rail, as well as close to several parks, restaurants and shopping centers. The property's strong in-place income and low expenses, with separate gas and electricity meters, offer an immediate CAP Rate of 4.49% and a GRM of 14.16 on actual income. With approximately 17.5% upside in income, this opportunity has the ability to operate at a CAP Rate of 5.65% and at a GRM of 12.05 at market. This asset makes for a stable, long-term investment and therefore a great addition to any investor's portfolio. MLS® ID: SB22127532 Listed: 6/14/22 Updated: 10/17/22 Interior Features Total Bedrooms: 0 Total Bathrooms: 0 Laundry Description: None Cooling: None Heating: Wall Furnace Exterior/Building Features Lot Size: 0.93 acres lot Lot Details: Lot Over 40000 Sqft Sewer: Public Sewer Other Property Details Area Name: T5 - WalnutPk, HuntPk, Bell N of Florence, and Cud HOA Amenities: Sidewalks Garage: Yes Garage Spaces: 10 Parking: Driveway Parking Total: 18.0 View: N County: Los Angeles Water Source: Public Pool: No Pool Description: None Zoning: CUR3* Courtesy of Kidder Mathews of California, Inc, Vincent Cook, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/17/22. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.