NOT LISTED FOR SALE
6 Beds
4 Baths
23,027 Sq Ft
54,319 Sq Ft Lot

Last Sold February 27, 2014

Last sale price $5,500,000 $239 Per Sq Ft

37 Days on Market

Highlights

  • 54,319 Sq Ft lot
  • Built-In Features
  • 3-minute walk to Cudahy River Park

About This Home

As of February 2014

OWNER INSTRUCTIONS: OWNER REQUESTS THAT THE MANAGER OR TENANTS NOT BE CONTACTED FOR ANY REASON - NO CONSIDERATION WILL BE GIVEN TO AN OFFER SUBMITTED BY AN AGENT OR BUYER THAT FAILS TO COMPLY WITH THIS REQUEST. Entire Address: 5313-5319 Elizabeth Street, Cudahy, CA (APN: 6226-028-022 and 6226-028-025) Nice turnkey property that is freshly painted with new landscape. Building is well managed and runs very well with better than 95% occupancy. Room to raise rents. 36 Legal Plus 1 Nonconforming unit; excellent unit mix of (34) 2-bedroom / 1-bath apartments and (3) 1-bedroom / 1- bath apartments. Approximately 2/3 of the units have been rehabbed. Property has 2:0 parking spaces per apartment which is a highly sought after amenity in the city of Cudahy given that on-street overnight parking is not allowed. Excellent rental location. No rent control. Individually metered for gas and electricity. Buildings sit on 54,319 sq.ft. of land. Property has an in-place loan that must be assumed.

Last Agent to Sell the Property

Juan Cardenas

Remax Commercial and Investment Realty License #01233927 Listed on: 09/18/2013

Last Buyer's Agent

Jaime Garcia

License #01233300

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 1.25

Interior Spaces

  • 23,027 Sq Ft Home
  • 2-Story Property
  • Built-In Features

Parking

  • 72 Parking Spaces
  • Uncovered Parking

Additional Features

  • 1.25 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 37 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

1.25 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Living Area: 23027
  • Stories: 2
  • Year Built: 1960
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Equipment: Built-Ins
  • Price Per S Q F T: 221.26

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 72

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessor Parcel Number: UNAVAILABLE
  • Geocode Override: No
  • Lot Size Area: 54319

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 9.60
  • Number Of Units: 37
  • Type Of Units: 37 Units
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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 List to Sale Price per Sq Ft
02/27/2014 02/27/14 Sold $5,500,000 +7.9% $239 / Sq Ft
10/25/2013 10/25/13 Pending -- -- --
09/18/2013 09/18/13 For Sale $5,095,000 -- $221 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $43,434 $3,285,098 $1,639,556 $1,645,542
2024 $43,434 $3,220,685 $1,607,408 $1,613,277
2023 $42,697 $3,157,536 $1,575,891 $1,581,645
2022 $40,716 $3,095,625 $1,544,992 $1,550,633
2021 $40,231 $3,034,928 $1,514,699 $1,520,229
2020 $40,617 $3,004,849 $1,499,168 $1,505,681
2019 $39,055 $2,945,952 $1,469,773 $1,476,179
2018 $38,376 $2,888,209 $1,440,954 $1,447,255
2016 $36,647 $2,775,057 $1,385,000 $1,390,057
2015 $36,303 $2,753,946 $1,223,976 $1,529,970
2014 $35,652 $2,642,389 $1,289,882 $1,352,507
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 13-705121

The MLS

APN: 6226-028-022

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