Investment Overview

This offering is a 10 unit apartment complex in the City of Cudahy consisting of 7 two bedroom units and 3 three bedroom units. The building is low density single story construction with attached garages and is situated on .93 acres of land. There is a vacant section of land in the rear of the property that may allow a new owner the opportunity to build ADU's (Buyer to verify). The units are separately metered for gas and electricity. The current rents on this property are at or close to market rates which gives the Buyer a going in capitalization rate of 7%. The City of Cudahy Rent Stabilization Ordinance allows for 3% annual rent increases. The City of Cudahy is located approximately 10 miles South East of downtown Los Angeles and boasts one of the highest population densities in the US. The property enjoys easy access to the 710 freeway.