Price Reduced! This is an excellent Multi Family Re-Development Opportunity at 4926 Elizabeth St, Cudahy, CA. The parcel consists of a huge 20,534 square foot lot and is located in the red-hot Mid-Cities/Southeast LA submarket of Los Angeles County. Currently, the property is operating as (2) 2-bed/1-bath units that are each collecting $1,300/month in rent and is not subject to rent control. That said, the true value in this deal lies in the development upside. First off, this parcel is zoned CUR3, which represents a High Density Residential Zone (HDR). This designation provides for higher density, multi story residential development and, in other words, more units. Additionally, this parcel is located within an Opportunity Zone. Any re-development opportunity located in a burgeoning rental market with an O-Zone designation is the golden ticket for any savvy, long-term hold investor. That said, given the positioning of the current units, this offering is suitable for all levels of real estate development. Whether the plan is to keep the existing units and build out the back over time, or wipe the slate clean and paint on a blank canvas, the upside and versatility of the parcel is without question.
Based on information from California Regional Multiple Listing Service, Inc. as of June 3rd, 2020 at 11:31pm CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.