Multifamily
5250 Elizabeth St
5250 Elizabeth St, Cudahy, CA 90201
Listing Price: $5,499,000
Investment Overview
Marcus & Millichap is pleased to bring to market 5250 Elizabeth Street, a 26-unit multifamily investment property in Cudahy, California. This offering presents a rare opportunity for an investor to acquire a mid-sized asset in the strong Cudahy rental market. This property is offered at a 5.78% Cap on Current rents and has 26 percent rental upside.
5250 Elizabeth Street is situated on a large 0.94-acre corner lot adjacent to Park Avenue Elementary School and steps away from Cudahy Park. The property comprises five buildings with a mix of 22 One-Bedroom/One-Bathroom Units, 2 Two-Bedroom/Two-Bath Units, 1 Four-Bedroom/One-Bath Unit, and 1 FourBedroom/Two-Bath Unit. The units are separately metered for gas and electric, and the property also features on-site laundry and 46 Parking Spaces.
Property also offers great assumable loan opportunity with a fixed rate of 3.15% until 2027, with about $4.2 Million Remaining in Loan Balance.
This is a great opportunity to cash flow day 1, while renovating and repositioning the property to maximize cash flow in the strong Cudahy's strong rental market.
5250 Elizabeth St
Investment Highlights
- Great Assumable Financing Available | 3.15% Interest Rate | Approximately $4.2 Million Remaining
- Rare Opportunity to acquire a Mid-Sized Asset in Strong Cudahy Rental Market
- 26-Unit Property with a Mix of 22 Bedrooms, 2 Two-Bedrooms, and 2 Four Bedrooms
- Offered at a 5.78 Cap with great upside projecting to 8.04 Pro Forma Cap
- Property Features Ample On-Site Parking and Laundry
Exclusively Listed By
Listing Price: $5,499,000
Investment Highlights
- Great Assumable Financing Available | 3.15% Interest Rate | Approximately $4.2 Million Remaining
- Rare Opportunity to acquire a Mid-Sized Asset in Strong Cudahy Rental Market
- 26-Unit Property with a Mix of 22 Bedrooms, 2 Two-Bedrooms, and 2 Four Bedrooms
- Offered at a 5.78 Cap with great upside projecting to 8.04 Pro Forma Cap
- Property Features Ample On-Site Parking and Laundry
Investment Overview
Marcus & Millichap is pleased to bring to market 5250 Elizabeth Street, a 26-unit multifamily investment property in Cudahy, California. This offering presents a rare opportunity for an investor to acquire a mid-sized asset in the strong Cudahy rental market. This property is offered at a 5.78% Cap on Current rents and has 26 percent rental upside. 5250 Elizabeth Street is situated on a large 0.94-acre corner lot adjacent to Park Avenue Elementary School and steps away from Cudahy Park. The property comprises five buildings with a mix of 22 One-Bedroom/One-Bathroom Units, 2 Two-Bedroom/Two-Bath Units, 1 Four-Bedroom/One-Bath Unit, and 1 FourBedroom/Two-Bath Unit. The units are separately metered for gas and electric, and the property also features on-site laundry and 46 Parking Spaces. Property also offers great assumable loan opportunity with a fixed rate of 3.15% until 2027, with about $4.2 Million Remaining in Loan Balance. This is a great opportunity to cash flow day 1, while renovating and repositioning the property to maximize cash flow in the strong Cudahy's strong rental market.
Exclusively Listed By
