Offered for the first time in 31 years, Morgan Skenderian is 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. Located in an excellent rental area on a residential street with ample parking (78 carports & spaces) and gated entry.
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. Huge amount of upside for a new owner brining rents to market level.