4502 Elizabeth Street, Cudahy, CA 90201
4502 Elizabeth Street, Cudahy, CA 90201
4502 Elizabeth Street, Cudahy, CA 90201
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$3,180,000
Est. payment /mo
11,960 SqFt
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Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

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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Bridge MLS
Listed by Nicholas Petrosian • Remax Commercial and Investment Realty

NEARBY SCHOOL & BUSINESS

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Parisa Samimi

Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker | License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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4502 Elizabeth Street