4426 Clara St 13 Unit Apartment Building $3,000,000 ($230,769/Unit) 6.41% Cap Rate Cudahy, CA 90201

Marcus & Millichap is pleased to offer for sale the apartment complex located at 4426 Clara Street in the City of Cudahy. The property is a 13 unit complex built in 1963 and renovated in 2023. The units are master metered for gas and electricity. The building is situated on a large lot with ample carport parking in the rear. The complex has a gated parking and pedestrian entrance. The unit mix consist of 12 two bedroom one bath units and 1 three bedroom one bath single story unit in the front of the building. Many of the units have been upgraded with new flooring, fixtures, countertops and bathrooms.
The City of Cudahy is located approximately 8 miles southeast of downtown Los Angeles and boasts one of the highest population densities of any incorporated city in the country. The city has a population of over 20,000 and over 80% of the residents are renters. Cudahy enjoys easy access to the 710 freeway which borders the city to the east. The City of Cudahy's Rent Stabilization Ordinance allows for 3% annual rent increases.