NOT LISTED FOR SALE

5223 Santa Ana St Cudahy, CA 90201

5 Beds
2 Baths
15,012 Sq Ft
0.94 Acres

Last Sold July 27, 2022

Last sale price $5,250,000 $350 Per Sq Ft

Highlights

  • 0.94 Acre Lot
  • Corner Lot
  • Laundry Room
  • Bell High School Rated A-
  • No HOA
  • 2-minute walk to Cudahy Park

About This Home

As of July 2022

Nice 16 unit all single story complex that has been in the same family for over 40 years. Great location between the 710, 110, 5 and 105 freeways. Close to shopping and other amenities. There are 14 - 2 bed, 1 bath units and 2 - 3 bed, 1 bath units. Tenants pay their own gas & electricity. Current Rents below market value with great upside potential. Each unit has their own 1-car garage with the 3 bed units have 2-car garages, there are 4 extra garages that rent for $100 per month each. Very low maintenance property.

Last Agent to Sell the Property

John Andersen

United Real Estate Pacific States License #00908405 Listed on: 03/15/2022

United Real Estate Pacific States

Last Buyer's Agent

Juan Cardenas

Remax Commercial and Investment Realty License #01233927

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.94 Acre Lot
  • No Common Walls
  • Chain Link Fence
  • Landscaped
  • Corner Lot
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • 6224013013

Parking

  • 22 Car Garage
  • 22 Open Parking Spaces
  • Parking Available
  • Side Facing Garage
  • Single Garage Door
  • Driveway Level

Home Design

  • Composition Roof

Interior Spaces

  • 15,012 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Private Water Source
  • Sewer Paid
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 424
  • Tax Tract Number 180
  • Assessor Parcel Number 6224013012
  • $2,955 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 8 Buildings
  • 16 Units

Building Details

  • Rent Control
  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $3,000
  • Insurance Expense $13,155
  • Maintenance Expense $5,113
  • Pest Control $624
  • Professional Management Expense $6,000
  • Trash Expense $6,480
  • Water Sewer Expense $5,799
  • Operating Expense $51,994
  • Gross Income $216,574
  • Net Operating Income $216,574

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

22

Listing Details

  • Price Per Unit: 343750
  • Professional Management Expense: 6000.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 5799.00
  • Zoning: CUR3*
  • Property Type: Residential Income
  • Parcel Number: 6224013012
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 349.72
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 22.00
  • Parking: Yes
  • Parking Features: Concrete, Driveway Level, Garage, Garage Faces Side, Garage - Single Door
  • Total Parking Spaces: 44.00
  • Uncovered Spaces: 22.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: In Kitchen
  • Pest Control Expense: 624.00
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 6480.00
  • Water Source: Private

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 6224013013
  • Land Lease: No
  • Lot Features: Corner Lot, Landscaped, Lot Over 40000 Sqft, Rectangular Lot, Level, Paved
  • Lot Size Sq Ft: 40874.00
  • Lot Size Acres: 0.9383

Rental Info

  • Garage Rental Rate: 100.00
  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 928 Square Feet
  • Average3 Bed Area: 1055 Square Feet
  • Electric Expense: 3000.00
  • Garage Income: 4800.00
  • Gross Income: 216574.00
  • Gross Operating Income: 268568.00
  • Gross Scheduled Income: 271281.00
  • Insurance Expense: 13155.00
  • Lot Size Area: 40874.0000 Square Feet
  • Maintenance Expense: 5113.00
  • Net Operating Income: 216574.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 16
  • Operating Expense: 51994.00
  • Rent Control: Yes
  • Total Expenses: 51994.00
  • Vacancy Allowance: 2712

Tax Info

  • Tax Census Tract: 5343.02
  • Tax Lot: 424
  • Tax Tract Number: 180
  • TaxOtherAnnualAssessmentAmount: 2955.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2022 07/27/22 Sold $5,250,000 -4.5% $350 / Sq Ft
03/15/2022 03/15/22 For Sale $5,500,000 -- $366 / Sq Ft
03/14/2022 03/14/22 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22052119

California Regional Multiple Listing Service (CRMLS)