Cudahy, CA 90201,4660 Clara
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Cudahy, CA 90201,4660 Clara
Cudahy, CA 90201,4660 Clara
Cudahy, CA 90201,4660 Clara
Cudahy, CA 90201,4660 Clara
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Listed by Matthew Guerra • KW Executive
$ 3,370,000
Est. payment /mo
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4660 Clara Cudahy, CA 90201

10,382 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 10,382 sqft

Price per Sqft $324

MLS Listing ID CRAR26001527

HOA Y/N No

Year Built 1964

Lot Size 0.389 Acres

Property Sub-Type Other

Source Datashare California Regional

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

Location

State CA

County Los Angeles

Interior

Fireplace No

Laundry Other

Building

Lot Description Other, Garden


Bay East Association of Realtors
Garrick Yan

Garrick Yan

Team Leader | CA BRE #01916102

+1(510) 999-8008

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