4502 Elizabeth St - Apartments FOR SALE


Cudahy, CA 90201
$3,180,000 USD
949-607-7096
4502 Elizabeth St, Cudahy, CA for Sale
$3,180,000 USD
Apartments - FOR SALE
1/14
null | 5.5% Cap Rate

4502 Elizabeth St
Cudahy, CA 90201


HIGHLIGHTS

  • Same Ownership for 30 Years
  • 3 Vacant Units - Projected at Market Rents
  • (1) 3 Bed / 1 Bath & (14) 2 Bed / 1 Bath
  • Upgraded Electrical Panels
  • Detached Carport Parking
  • Newer Roof

OVERVIEW

Price Reduced. "Riviera" is a 15-unit, two-story garden-style apartment community located in the heart of Cudahy's strong rental market. 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. Three vacant 2-bed/1-bath units are projected at $2,250/month market rents, providing a clear path to stabilization, while the remaining occupied units offer additional upside as below-market leases naturally turn over. The asset has been well maintained, featuring a newer roof, upgraded electrical panels, and manicured landscaping throughout. New ownership steps into a clean, operationally sound building with major improvements already completed. Conveniently located near major employment corridors, retail, and dining, with easy access to the I-710 and I-105 freeways, the property benefits from strong tenant demand and historically low vacancy.

FOR SALE DETAILS

PRICE

$3,180,000 USD

PRICE/SF

$157 USD /SF

# OF UNITS

15

PRICE/UNIT

$212,000

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,783 SF

ZONING

R3, Cudahy

APN/PARCEL ID

6224-005-012

ASK ABOUT THIS PROPERTY

Nicholas PetrosianRE/MAX Commercial & Investment RealtyMore Info
949-607-7096

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Nicholas PetrosianRE/MAX Commercial & Investment RealtyMore Info
949-607-7096

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.