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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

$ 3,750,000

Est. payment | -/mo

0.93 Acres Lot

Save

$ 3,750,000

Est. payment | -/mo

Save

0.93 Acres Lot

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26210346

Construction Status Repairs Cosmetic,Updated/Remodeled

HOA Y/N No

Year Built 1954

Lot Size 0.928 Acres

Property Sub-Type Apartment

Property Description

$362,340 GROSS SCHEDULED INCOME | 6.35% CAP | 13 UNITS ON TWO CONTIGUOUS PARCELS. This rare offering includes two contiguous parcels totaling approximately 40,425 square feet and a combined 13 units, six on one parcel and seven on the other. Each unit is a single-level, cottage-style residence, and the property includes multiple garages and ample surface parking. The electrical at 4900 Live Oak has been updated with new mains and sub panels. The property produces $362,340 in gross scheduled income against $116,794 in operating expenses, for a net operating income of $238,299. Additional potential includes accessory dwelling units or a complete redevelopment, buyer to verify all options with the city. Located in an area already experiencing new construction, including a recently completed apartment building nearby. Steps from the Atlantic Avenue dining and retail corridor, with Plaza Mexico in Lynwood roughly 10 minutes away and the Watts Towers and Augustus F. Hawkins Natural Park about 15 minutes out.

Location

State CA

County Los Angeles

Area T5 - Walnutpk, Huntpk, Bell N Of Florence, And Cud

Interior

Interior Features All Bedrooms Down

Heating Central

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Parking Features Assigned, Direct Access, Electric Gate, Garage

Garage Spaces 13.0

Garage Description 13.0

Pool None

Community Features Street Lights

Utilities Available Cable Connected, Electricity Connected

View Y/N No

View None

Total Parking Spaces 13

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Repairs Cosmetic,Updated/Remodeled

Others

Senior Community No

Tax ID 6226014010

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Joseph Lotfy Berkshire Hathaway HomeService 562-739-6528, DRE #02094110

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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4900 Live Oak ST Cudahy, CA 90201