LOCALLA

The property address is 5143-5147 Clara Street, Cudahy, CA 90201. Single-story 16-unit community in Cudahy, built as eight duplexes on 40,006 SF of land with 15,232 SF of living space. Built in 1962, the property has the house-like feel renters want: no shared walls above or below, and each unit has its own single-car garage, with plenty of extra open parking. The unit mix is (14) 2-bed / 1-bath and (2) 3-bed / 1-bath, which tend to be in greatest demand in this market. Every unit is separately metered for gas and electricity, and there are no common-area utilities, so the owner pays only water and trash (reduced property expense due to the lack of common area electricity and gas). The property comes with permit-ready plans for two 3-bed / 1.5-bath ADUs at the rear of the lot. The plans are approved, and permits only need to be pulled. As new construction, the ADUs are exempt from rent control, so a buyer can add two market-rate units and grow income immediately without going through the design and approval process (buyer to confirm with City of Cudahy). There is substantial rent upside and the opportunity to add value. Please contact the listing agent for more information. Do not contact the tenants or the on-site manager. Note: the City of Cudahy has rent control; the existing 16 units are subject to it.