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$ 3,180,000
Est. payment /mo
Active
4502 Elizabeth Street Cudahy, CA 90201
11,960 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,960 sqft
Price per Sqft $265
MLS Listing ID CL26693507
HOA Y/N No
Year Built 1962
Lot Size 0.523 Acres
Acres 0.523
Property Sub-Type Other
Property Description
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.
Location
State CA
County Los Angeles
Zoning CUR3*
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 6224005012
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Listed by Nicholas Petrosian • Remax Commercial and Investment Realty
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