5307 Live Oak St, Cudahy, CA 90201

Property Description

The property is .93 acres zoned medium residential, with potential to build up to 23 multifamily units. This opportunity is in a non-rent-controlled area of Los Angeles County, with less than 10 miles from Downtown Los Angeles. The site is surrounded by residential and multifamily residential communities. The area is comprised mostly of blue collar hard working families with a steep barrier-to-entry. Strong demographics with over 52,397 renter occupied housing units and an average household income of $57,337. Buyer to verify all information regarding zoning and check with the city on the ability to complete the desired project, and not rely on the listing broker to guarantee any project. Visit the Planning department or City Uses for Permitted Uses. The Medium Density Residential designation allows for a variety of housing types, heights, and densities. Policies for this designation focus on efficient use of lot space, high design quality, sufficient off-street parking, and onsite open space or recreational amenities. The housing may be both as single-family attached and multi-family formats. 2017 Population Census in 2017 330,059 people within 3-mile radius. Nearby to major retailers such as: Starbucks, WaBa Grill, Wingstop, Applebee’s, IHOP, Food 4 Less, Rite Aid, Big 5 Sporting Goods, Ross, Marshalls, Subway, Citibank, Chase, U.S Bank and much more. Less than 1 mile to The Bicycle Hotel & Casino which employs over 1,250 people