4502 Elizabeth Street, Cudahy, CA 90201
List Price: $3.18M
Listing Status: Active
Original List Price: $3.5M
0Days on Market: 27
31 Bedrooms · 15 Bathrooms · 11,960 sq ft
Property Type: ResidentialIncome
Year Built: 1962
Lot Size: 22,783 sq ft
MLS Number: 26693507
About This Property
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.
Listing provided by: Nicholas Petrosian DRE #01462598 213-817-1000 npetrosian@remaxcir.com, Remax Commercial and Investment Realty
Source: CRMLS, MLS #: 26693507
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.