20
See all 20 photos
$3,370,000
Est. payment /mo
1 Bed
0.39 Acres Lot
New
4660 Clara Cudahy, CA 90201
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26001527
Bedrooms 1
Lot Size 0.389 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
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.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction From I-710 Freeway southbound, take the Florence Avenue exit. Continue west on Florence Avenue. Turn right (south) onto Atlantic
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 6226024004
Acceptable Financing Cal Vet, Cash, Exchange, FHA, Seller May Carry, VA
Listing Terms Cal Vet, Cash, Exchange, FHA, Seller May Carry, VA
Listed by Matthew Guerra KW Executive
GET MORE INFORMATION