Description

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 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.