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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$3,180,000

Est. payment - /mo

31 Beds

15 Baths

11,960 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 11,960 sqft

Price per Sqft $265

MLS Listing ID 26693507

Bedrooms 31

HOA Y/N No

Year Built 1962

Lot Size 0.523 Acres

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

Area T5 - Walnutpk, Huntpk, Bell N Of Florence, And Cud

Zoning CUR3*

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Detached Carport

Total Parking Spaces 20

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6224005012

Special Listing Condition Standard

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Listed by Nicholas Petrosian Remax Commercial and Investment Realty #01462598

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4502 Elizabeth ST Cudahy, CA 90201