4502 Elizabeth St, Cudahy, CA 90201
4502 Elizabeth St, Cudahy, CA 90201
4502 Elizabeth St, Cudahy, CA 90201
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Ever Banuelos

Ever Banuelos

+1(323) 833-9824
$3,500,000
Est. payment /mo
31 Beds
15 Baths
11,960 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,960 sqft

Price per Sqft $292

MLS Listing ID 26693507

Bedrooms 31

Year Built 1962

Lot Size 0.523 Acres

Acres 0.523

Property Sub-Type Multi-Family

Property Description

"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.

Location

State CA

County Los Angeles

Area Walnut Pk, Hunt Pk, Bell N Of Florence, And Cudahy

Zoning CUR3*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment None

Exterior

Parking Features Carport Detached

Garage Spaces 20.0

Building

Level or Stories Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Remax Commercial and Investment Realty

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Ever Banuelos
Ever Banuelos

Team Leader | License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

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