Clara Apartments 4931 - 4939 Clara St 27 Unit Apartment Building $6,500,000 ($240,741/Unit) 6.14% Cap Rate Cudahy, CA 90201

Marcus & Millichap is pleased to offer for sale the the apartment complex located at 4931-39 Clara Street in the City of Cudahy. The property is a 27 unit complex with an additional non-conforming unit situated on 2 adjacent parcels. The units are separately metered for electric and master metered for gas. 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 25 two bedroom one bath units, 1 three bedroom one bath unit and 2 one bedroom units (one of which is non-conforming). 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.