4731-4743 Clara St, Cudahy, CA 90201
12 Unit Apartment Building | $3,400,000 ($283,333/Unit) | 5.30% Cap Rate | Cudahy, CA 90201
For Sale
Active
Asking Price $3,400,000
- Property Type
-
Multifamily
- Square Feet
- 12,195 SF
Listing Contacts
Joshua Cohen
Property Overview
It is rare to find a property like 4731-4743 Clara available to purchase on the market today. The property is comprised of three large lots, with an astonishing footprint of over 60,000 total square feet! The property feels more like a park in certain places! The property boasts a diverse unit mix and ample parking. There is a myriad of executable business plans that may be able to be implemented at the subject property. Clearly, there is presently upside in rental income in the SFR-like units which can be attained over time. These units are like
homes, many with their own front and back yard areas. Additionally, numerous ADU opportunities might be available for value add investors. Furthermore, this property may present developers, tax credit and otherwise, with a much larger development opportunity based on current zoning and the demand for subsidized housing in California (buyer to verify all of the above). What is also terrific about this asset is the proximity to the Clara Park next door which boasts the Leo Turner Community Center. This center hosts a number of recreational opportunities for local residents. This property is a tremendous opportunity for the right, entrepreneurial real estate group/investor. For further questions or to request a tour, please contact the Cohen Group.
homes, many with their own front and back yard areas. Additionally, numerous ADU opportunities might be available for value add investors. Furthermore, this property may present developers, tax credit and otherwise, with a much larger development opportunity based on current zoning and the demand for subsidized housing in California (buyer to verify all of the above). What is also terrific about this asset is the proximity to the Clara Park next door which boasts the Leo Turner Community Center. This center hosts a number of recreational opportunities for local residents. This property is a tremendous opportunity for the right, entrepreneurial real estate group/investor. For further questions or to request a tour, please contact the Cohen Group.
Property Details
- Class
- C
- Year Built
- 1956
- Stories
- 1
- Lot Size (sq. ft)
- 61,420 SF
- Units
- 12
Highlights
- Property sits across three large lots, with an astonishing total lot size of over 60,000 square feet!
- Terrific unit mix of Four Bed, Three Bed, Two Bed, and One Bed units - most feel more like houses than apartments!
- Myriad of executable business plans: rental income upside, ADU potential, possible larger development opportunities (Buyer to verify).
- Great street in Cudahy, next to quality amenities like Clara Park and the Leo Turner Community Center both next door!
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