4502 Elizabeth St - Apartments FOR SALE


Cudahy, CA 90201
$3,500,000 USD
949-607-7096
4502 Elizabeth St, Cudahy, CA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/14
null | 4.88% Cap Rate

4502 Elizabeth St
Cudahy, CA 90201


HIGHLIGHTS

  • First Time on the Market in 30 Years
  • Immediate Rental Upside (4 Vacant Units)
  • Excellent Unit Mix: (1) 3 Bed / 1 Bath & (14) 2 Bed / 1 Bath
  • 8.45 GRM & 7.5% Cap Rate on Market Rents
  • Newer Roof & Upgraded Electrical Panels
  • Clean, Well-Maintained w/ Detached Carport Parking

OVERVIEW

"Riviera" is a 15-unit, two-story garden-style apartment community located in the heart of Cudahy's strong rental market. Offered 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. 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. At stabilized market rents, the property achieves a 7.5% cap rate and 8.45 GRM, presenting a compelling return profile for the Southeast Los Angeles market. 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

$3,500,000 USD

PRICE/SF

$293 USD /SF

# OF UNITS

15

PRICE/UNIT

$233,333

CAP RATE

4.88%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,783 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.