5030 Santa Ana 46 Unit Apartment Building $9,400,000 ($204,348/Unit) 5.12% Cap Rate Cudahy, CA 90201
INVESTMENT HIGHLIGHTS
- 82% 2 & 3-Bedroom Units
- Priced to Sell at $204,348/Unit
- Massive Amount of Rental Upside
- Rare Cudahy Opportunity
- First Time on the Market in ±31 Years
EXECUTIVE SUMMARY
Offered for the first time in 31 years, we are pleased to present 5030 Santa Ana Street, a 46-unit multifamily opportunity in the city of Cudahy. The property offers an extremely sought-after unit mix rarely found in apartment buildings, consisting of eight 1-bedroom, twelve 2-bedroom and twenty-six 3-bedroom units on an oversized 1.33 acre lot.
Cudahy is a phenomenally-good rental market for apartment owners, with the city having one of the highest population of densities of any city in the United States. Paired with the fact that 86% of Cudahy residents are renters, the city has almost an nonexistent vacancy rate and rapidly rising rents as demand far outpaces supply.
Please contact listing broker for an Offering Memorandum.
Cudahy is a phenomenally-good rental market for apartment owners, with the city having one of the highest population of densities of any city in the United States. Paired with the fact that 86% of Cudahy residents are renters, the city has almost an nonexistent vacancy rate and rapidly rising rents as demand far outpaces supply.
Please contact listing broker for an Offering Memorandum.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $9,400,000 |
| Price Per Unit | $204,348 |
| Sale Type | Investment |
| Cap Rate | 5.12% |
| Gross Rent Multiplier | 11.49 |
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.33 AC |
| Building Size | 33,180 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 2.35/1,000 SF |
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,234 | 600 |
| 2+1 | 12 | $1,285 | 750 |
| 3+1 | 26 | $1,620 | 1,200 |
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PROPERTY TAXES
| Parcel Number | 6224-016-031 | Total Assessment | $2,493,079 |
| Land Assessment | $905,715 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,587,364 | Tax Year | 2024 |
