Excellent opportunity to acquire a 6-unit multifamily income property in the heart of Cudahy, CA. Built in 1959 and situated on a generous 20,405 SF (0.47-acre) lot, this property features six (6) 2-bedroom/1-bathroom units, shared garages between units, and ample on-site surface parking — a rare and desirable combination in… Read More this dense urban submarket.
A rare find for a building of this era — all six units are individually metered for gas, electric, and water. Beyond the immediate benefit of zero owner utility exposure, individual metering unlocks a broader range of investment strategies and future optionality that master-metered properties simply cannot offer.
Five of the six units are currently leased below market value, generating a current gross annual income of $137,364 ($11,447/month). With Unit 6 already achieving $2,646/month as a market-rate comparable, there is significant rental upside as below-market leases turn. At the asking price of $1,495,000, the property offers a current Cap Rate of 5.24% and a GRM of 10.88x.
Conveniently located near the 710 and 105 freeways, Florence Street, and Atlantic Avenue, with shopping, dining, and transit all within close proximity.
$1,495,000 | $249,167/Unit | 6 Units | 20,405 SF Lot | CAP: 5.24% (Current) / 7.26% (Pro Forma)
Buyer to verify all information independently. Subject to applicable rental regulations. Read Less
Property listed by CJM Realty, Christian Medina 310-259-7556
Listing Snapshot
Days Online
8
Last Updated
Property Type
Apartment
Lot Size
0.46 Acres
Year Built
1959
MLS Number
SB26062889
Additional Details
Building
Built in 1959, 3 buildings, 1 storey, Levels: One, Entry level: 1, Entry location: 1
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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