This prime investment opportunity, is a gated garden-style apartment complex which offers investors a rare combination of stable cash flow, meaningful rental upside, and future development potential. The property features secure common areas and extensive on-site parking, including two single garages, twenty-one carports, and two additional gated spaces. The asset produces strong in-place income with a 6.10 percent cap rate and a 12.17 times GRM, while an estimated (+-25%) twenty five percent rental upside provides a clear value-add pathway. Brand new electrical panels have been installed throughout the property, creating a major advantage in obtaining competitive insurance rates. The efficient layout consists of fifteen one bedroom one bath units, and no on-site manager is required (subject to buyer verification). An unused enclosed area offers additional potential for a two-story addition or future expansion, and the large rear portion of the lot may accommodate new construction for 7-14 units (also subject to buyer verification). Situated near the 710, 5, 101, 105, and 60 freeways, the property at 4660 Clara Street benefits from excellent regional connectivity. Built in 1964 and set on a 16,936 square foot lot with 10,382 square feet of improvements, this fifteen unit offering is priced at 3,370,000 dollars, reflecting 225,000 dollars per unit and 325 dollars per square foot, within CUR3* zoning.
5224–5230 ½ Clara Street is an underutilized residential parcel located in the City of Cudahy, within Southeast Los Angeles County. The property is situated on a 39,688 square foot lot and is improved with five residential units, providing existing rental income during a potential entitlement and development period. The improvements include a two-story front house with four bedrooms and two bathrooms, one three-bedroom/one-bath unit, two two-bedroom/one-bath units, and one one-bedroom/one-bath unit. The limited availability of large development parcels in the area contributes to continued demand for residential sites of this size. Send over your offers, this listing won't last long!
The Hartle Apartments are being offered for sale for the first time in nearly 50 years. This property consists of four units located at 4215 Hartle Ave, Cudahy, CA 90201. Each unit features two bedrooms and one bathroom, and they are currently 100% occupied. Residents are responsible for paying electricity and gas charges, while water charges are included in the rent. Additionally, the Hartle Apartments come with an on-site laundry room and a covered carport space for each unit. The property is well-maintained, with no deferred maintenance, and is situated in a densely populated area of Los Angeles County.
Cudahy is located in California. Cudahy, California has a population of 23,003. Cudahy is less family-centric than the surrounding county with 28.44% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Cudahy, California is $47,050. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Cudahy is 30.1 years.
The average high temperature in July is 82.8 degrees, with an average low temperature in January of 48 degrees. The average rainfall is approximately 14.5 inches per year, with 0 inches of snow per year.
