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4502 Elizabeth Street, Cudahy, CA 90201
Priced at Only: $3,500,000
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Address: 4502 Elizabeth Street, Cudahy, CA 90201
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  • MLS#: 26693507 ( )
  • Street Address: 4502 Elizabeth Street
  • Viewed: 2
  • Price: $3,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1962
  • Bldg sqft: 0
  • Days On Market: 2
  • Additional Information
  • County: LOS ANGELES
  • City: Cudahy
  • Zipcode: 90201
  • Provided by: Remax Commercial and Investment Realty
  • Contact: Nicholas Nicholas
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    "Riviera" is a 15 unit, two story garden style apartment community in the heart of Cudahy's strong rental market. At $233,333 per unit, the property features an attractive unit mix of (1) 3 bed/1 bath and (14) 2 bed/1 bath units with detached carport parking, a combination that consistently draws and retains quality tenants in this submarket. Four vacant 2 bed/1 bath units deliver immediate lease up upside at $2,250/month market rents, while the remaining occupied units offer additional upside as below market leases naturally turn over. At stabilized market rents, the property achieves a 7.5% cap rate and 8.45 GRM, a compelling return profile for the Southeast Los Angeles market. The asset has been well cared for, featuring a newer roof, upgraded electrical panels, and manicured landscaping throughout. New ownership steps into a clean, operationally sound building with the hard work already done. Conveniently located near major employment corridors, retail, and dining, with easy access to the I 710 and I 105 freeways, keeping vacancy low and demand steady.
Features
Building Area Total
  1. 11960.00
Cooling
  1. None
Country
  1. US
Heating
  1. Wall Furnace
Levels
  1. Two
Netoperatingincome
  1. 170769.00
Parcel Number
  1. 6224005012
Parking Features
  1. Detached Carport
Sourcesystemkey
  1. 26693507:CLAW
Totalexpenses
  1. 130537.00
Year Built
  1. 1962
Year Built Source
  1. Assessor
Zoning
  1. CUR3*
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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