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Listed price in listed location currency (USD).
$3,500,000

311520

MLS® 26693507

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 11960 sqft
Garage 
Taxes 
Days Active 11
Lot Size 
Approx. Age 1962
Avg. Price Per Sqft $292
MLS® Number 26693507

Property Address: 4502 Elizabeth St, Cudahy, CA, 90201-5744

Average square foot calculated using Size range provided by listing agent.

Description

"Riviera" is a 15-unit, two-story garden-style apartment community located in the heart of Cudahy's strong rental market. Offered at $233, 333 per unit, 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. At stabilized market rents, the property achieves a 7.5% cap rate and 8.45 GRM, presenting a compelling return profile for the Southeast Los Angeles market. 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.
MLS® Number26693507
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1962
Basement
DrivewayDetached Carport
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 10, 2026List Date
$3,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
4502 Elizabeth St, Cudahy, CA

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