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Listing Detail

5250 Elizabeth St, Cudahy, CA

Investment Highlights

  • Offered at a 5.78 Cap with great upside projecting to 8.04 Pro Forma Cap

  • Great Assumable Financing Available | 3.15% Interest Rate | Approximately $4.2 Million Remaining

  • 26-Unit Property with a Mix of 22 Bedrooms, 2 Two-Bedrooms, and 2 Four Bedrooms

  • Rare Opportunity to acquire a Mid-Sized Asset in Strong Cudahy Rental Market

  • Property Features Ample On-Site Parking and Laundry

5250 Elizabeth St

Cudahy, CA

Type: Multifamily
Units: 26
List Price: $5,499,000
Price/Unit: $211,500
Price/SF: $291.45
Cap Rate: 5.78%

Investment Overview

The Bogie Group of 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 Four-Bedroom/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.

Download Offering Memorandum

Exclusively listed by

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Steve "Bogie"Bogoyevac

Senior Managing Director Investments

License: CA 01332755

(562) 257-1231

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