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Description
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.
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