Cudahy, CA 90201,4660 Clara
Cudahy, CA 90201,4660 Clara
Cudahy, CA 90201,4660 Clara
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Terrance Scotton

Terrance Scotton

+1(626) 788-9299
$3,370,000
Est. payment /mo
0.39 Acres Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26001527

HOA Y/N No

Year Built 1964

Lot Size 0.389 Acres

Property Sub-Type Apartment

Property Description

This prime investment opportunity, is a gated garden-style apartment complex which offers investors a rare combination of stable cash flow, meaningful rental upside, and future development potential. The property features secure common areas and extensive on-site parking, including two single garages, twenty-one carports, and two additional gated spaces. The asset produces strong in-place income with a 6.42% percent cap rate and a 11.7 times GRM, while an estimated (+-25%) twenty five percent rental upside provides a clear value-add pathway. Brand new electrical panels have been installed throughout the property, creating a major advantage in obtaining competitive insurance rates. The efficient layout consists of fifteen one bedroom one bath units, and no on-site manager is required (subject to buyer verification).

An unused enclosed area offers additional potential for a two-story addition or future expansion, and the large rear portion of the lot may accommodate new construction for 7-14 units (also subject to buyer verification). Situated near the 710, 5, 101, 105, and 60 freeways, the property at 4660 Clara Street benefits from excellent regional connectivity. Built in 1964 and set on a 16,936 square foot lot with 10,382 square feet of improvements, this fifteen unit offering is priced at 3,370,000 dollars, reflecting 225,000 dollars per unit and 325 dollars per square foot, within CUR3* zoning.

Location

State CA

County Los Angeles

Area T5 - Walnutpk, Huntpk, Bell N Of Florence, And Cud

Interior

Fireplace No

Laundry Common Area, Washer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Curbs, Street Lights, Sidewalks

Utilities Available Electricity Connected, Water Connected

Total Parking Spaces 2

Private Pool No

Building

Lot Description 11-15 Units/Acre, Garden, Sprinkler System, Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6226024004

Energy Description 1620.0

Acceptable Financing Cash, Cash to New Loan, Cal Vet Loan, 1031 Exchange, FHA 203(b), FHA 203(k), FHA, Fannie Mae, Freddie Mac, Government Loan, Owner May Carry, Submit, USDA Loan, VA Loan

Listing Terms Cash, Cash to New Loan, Cal Vet Loan, 1031 Exchange, FHA 203(b), FHA 203(k), FHA, Fannie Mae, Freddie Mac, Government Loan, Owner May Carry, Submit, USDA Loan, VA Loan

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Matthew Guerra KW Executive 909-997-9765

NEARBY SCHOOL & BUSINESS

SCHOOLS PROPERTIES
Elementary Schools 20
  • 10

    Kipp Comienza Community Preparatory

    Public | KG - 4

  • 8

    Bryson Avenue School

    Public | KG - 5

  • 8

    Aspire Gateway Academy

    Public | KG - 5

  • 7

    Old River Elementary

    Public | 4 - 5

  • 7

    Williams Elementary

    Public | KG - 3

  • 6

    Stanford Avenue Elementary

    Public | 1 - 5

  • 6

    Victoria Avenue Elementary

    Public | KG - 5

  • 6

    Washington Elementary School

    Public | KG - 6

  • 6

    Aspire Firestone Academy

    Public | KG - 5

  • 6

    Maywood Elementary

    Public | KG - 5

  • 6

    Will Rogers Elementary School

    Public | KG - 6

  • 6

    Imperial Elementary School

    Public | KG - 3

  • 5

    Willow Elementary

    Public | KG - 5

  • 5

    Montara Avenue Elementary School

    Public | KG - 6

  • 5

    Miles Avenue Elementary

    Public | KG - 5

  • 5

    Lincoln Elementary School

    Public | KG - 5

  • 5

    Madison Elementary

    Public | KG - 5

  • 5

    San Antonio Elementary

    Public | KG - 5

  • 5

    Hope Street Elementary School

    Public | KG - 5

  • 5

    Lucille Roybal - Allard Elementary School

    Public | KG - 6

Middle Schools 18
  • 7

    Stauffer Middle School

    Public | 6 - 8

  • 6

    Aspire Pacific Academy

    Public | 6 - 12

  • 6

    International Studies Learning

    Public | 6 - 12

  • 5

    Magnolia Science Academy Bell

    Public | 6 - 8

  • 5

    Orchard Academies 2B

    Public | 6 - 8

  • 5

    Sussman Middle School

    Public | 6 - 8

  • 4

    Orchard Academies 2c

    Public | 6 - 8

  • 4

    South Gate Middle School

    Public | 6 - 8

  • 4

    Nimitz Middle School

    Public | 6 - 8

  • 4

    Suva Intermediate

    Public | 6 - 8

  • 3

    Chavez Middle School

    Public | 6 - 8

  • 3

    Bell Gardens Intermediate

    Public | 6 - 8

  • 2

    Prepa Tec - los Angeles

    Public | 6 - 8

  • 1

    Bunche Middle School

    Public | 6 - 8

  • 1

    Southeast Middle School

    Public | 6 - 8

  • 1

    Henry T. Gage Middle School

    Public | 6 - 8

  • 1

    Hosler Middle School

    Public | 7 - 8

  • 0

    Aspire Ollin University Preparatory Academy

    Public | 7 - 9

High Schools 14
  • 7

    Warren High School

    Public | 9 - 12

  • 5

    South East High School

    Public | 9 - 12

  • 5

    Legacy STEAM High School

    Public | 9 - 12

  • 4

    Huntington Park High School

    Public | 9 - 12

  • 4

    South Gate High School

    Public | 9 - 12

  • 4

    Lynwood High School

    Public | 9 - 12

  • 4

    Bell High School

    Public | 9 - 12

  • 4

    Maywood Academy

    Public | 9 - 12

  • 4

    Legacy Visual & Performing Arts High School

    Public | 9 - 12

  • 3

    Bell Gardens High School

    Public | 9 - 12

  • 0

    San Antonio Continuation

    Public | 9 - 12

  • 0

    Odyssey Continuation

    Public | 9 - 12

  • 0

    Vista High (Continuation)

    Public | 9 - 12

  • 0

    Pathway Independent Study

    Public | 9 - 12

School and business data provided by Attom Data.

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Terrance Scotton

Terrance Scotton

+1(626) 788-9299

Real Estate Broker and Mortgage Broker | License ID: 01707848 NMLS: 908256

Real Estate Broker and Mortgage Broker License ID: 01707848 NMLS: 908256

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