4931 - 4939 Clara St - Apartments FOR SALE


Cudahy, CA 90201
$6,500,000 USD
949-419-3222
4931 - 4939 Clara St, Cudahy, CA for Sale
$6,500,000 USD
Apartments - FOR SALE
1/4
null | 6.14% Cap Rate

4931 - 4939 Clara St
Cudahy, CA 90201


HIGHLIGHTS

  • Outstanding unit mix
  • Large lot with ample on site parking
  • Dense in fill location

OVERVIEW

Marcus & Millichap is pleased to offer for sale the the apartment complex located at 4931-39 Clara Street in the City of Cudahy. The property is a 27 unit complex with an additional non-conforming unit situated on 2 adjacent parcels. The units are separately metered for electric and master metered for gas. The building is situated on a large lot with ample carport parking in the rear. The complex has a gated parking and pedestrian entrance. The unit mix consist of 25 two bedroom one bath units, 1 three bedroom one bath unit and 2 one bedroom units (one of which is non-conforming). Many of the units have been upgraded with new flooring, fixtures, countertops and bathrooms. The City of Cudahy is located approximately 8 miles southeast of downtown Los Angeles and boasts one of the highest population densities of any incorporated city in the country. The city has a population of over 20,000 and over 80% of the residents are renters. Cudahy enjoys easy access to the 710 freeway which borders the city to the east. The City of Cudahy's Rent Stabilization Ordinance allows for 3% annual rent increases.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

27

PRICE/UNIT

$240,741

CAP RATE

6.14%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Masoner Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

52

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,450 SF

ZONING

CUR3*

APN/PARCEL ID

6226-020-010,6226-020-011

ASK ABOUT THIS PROPERTY

John SusankMarcus & MillichapMore Info
949-419-3222

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John SusankMarcus & MillichapMore Info
949-419-3222

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