4502 Elizabeth Street, Cudahy, CA 90201

• 11,960 sqft

Property Description

"Riviera" is a 15-unit, two-story garden-style apartment community located in the heart of Cudahy's strong rental market. Offered at $233,333 per unit, the property features an attractive unit mix of (1) 3-bed/1-bath and (14) 2-bed/1-bath units with detached carport parking, a combination that consistently draws and retains quality tenants in this submarket. Three vacant 2-bed/1-bath units are projected at $2,250/month market rents, providing a clear path to stabilization, while the remaining occupied units offer additional upside as below-market leases naturally turn over. At stabilized market rents, the property achieves a 7.5% cap rate and 8.45 GRM, presenting a compelling return profile for the Southeast Los Angeles market. The asset has been well maintained, featuring a newer roof, upgraded electrical panels, and manicured landscaping throughout. New ownership steps into a clean, operationally sound building with major improvements already completed. Conveniently located near major employment corridors, retail, and dining, with easy access to the I-710 and I-105 freeways, the property benefits from strong tenant demand and historically low vacancy.

Listing Status:

Active

Date Added:

April 9, 2026

Data Last Updated:

April 17, 2026 at 7:06AM

Listing Office:

Remax Commercial and Investment Realty : 213-817-1000

Listing Agent:

Nicholas Petrosian : 949-607-7096

MLS ID:

CL26693507

Interior

• A/C: None
• Heating: Wall Furnace

Exterior

• Parking: Other

Location

• County: Los Angeles

Lot

• Zoning: CUR3*6224005012