4502 Elizabeth Street

"Riviera" is a 15-unit, two-story garden-style apartment community in the heart of Cudahy's strong rental market. 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. Four vacant 2-bed/1-bath units deliver immediate lease-up upside at $2,250/month market rents, 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, a compelling return profile for the Southeast Los Angeles market. The asset has been well cared for, featuring a newer roof, upgraded electrical panels, and manicured landscaping throughout. New ownership steps into a clean, operationally sound building with the hard work already done. Conveniently located near major employment corridors, retail, and dining, with easy access to the I-710 and I-105 freeways, keeping vacancy low and demand steady.