Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cudahy Multifamily Investment Opportunity Title is generated by Realmo AI

    4502 Elizabeth St, Cudahy, CA 90201

    View on Map
    Claim this Listing
    Pending
    $3,180,000

    MULTI_FAMILY - Cudahy, CA

    Property size:
    11,960 SF
    Lot size:
    0.52 Acres
    Added:
    Apr 9, 2026
    Days on Market:
    55
    Last Refresh:
    Jun 2 at 1:06 am

    Property Features for 4502 Elizabeth St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    CUR3*
    Bedrooms
    31
    Bathrooms
    15
    Rooms
    Bedroom 11, Bathroom 13, Bedroom 10, Bedroom 24, Bedroom 17, Bedroom 9, Bathroom 9, Bedroom 3, Bedroom 25, Bathroom 3, Bedroom 27, Bedroom 18, Bedroom 5, Bedroom 6, Bathroom 8, Bedroom 7, Bathroom 5, Bathroom 2, Bathroom 6, Bedroom 30, Bathroom 12, Bedroom 16, Bedroom 14, Bedroom 8, Bedroom 31, Bathroom 7, Bathroom 10, Bedroom 4, Bathroom 1, Bedroom 19, Bedroom 29, Bathroom 11, Bedroom 22, Bedroom 28, Bedroom 13, Bedroom 2, Bedroom 20, Bedroom 23, Bedroom 26, Bedroom 12, Bedroom 1, Bathroom 15, Bedroom 15, Bedroom 21, Bathroom 14, Bathroom 4
    Parking
    20
    Parking features
    Carport
    Standard status
    Pending
    APN
    6224-005-012
    Size
    11,960 SF
    Lot size
    0.52 Acres

    Building Details

    Year built
    1962
    Floors in Building
    2
    Number of units
    15

    We can help!

    Listing Contact
    Nicholas Petrosian

    Listing agent Nicholas Petrosian License #01462598

    Listing office Remax Commercial and Investment Realty 99 S Lake Ave., Torrance, CA

    Listing date Apr 9, 2026

    MLS# 26693507 Listing URL

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Clear path to stabilization with three vacant 2‑bed/1‑bath units projected at $2,250/month market rents.
    • Upside potential from below‑market rents in occupied units as leases turn over.
    • Well‑maintained property with newer roof, upgraded electrical panels, and manicured landscaping.
    • Operationally sound building with major improvements already completed.
    • Desirable unit mix of (1) 3‑bed/1‑bath and (14) 2‑bed/1‑bath units with detached carport parking.
    • Convenient location near major employment corridors, retail, dining, and freeways (I‑710 and I‑105).

    Overview

    The "Riviera" is a 15-unit, two-story garden-style apartment community situated in Cudahy. The property features a unit mix of one 3-bed/1-bath unit and fourteen 2-bed/1-bath units. It also includes detached carport parking. The property has been maintained and features a newer roof, upgraded electrical panels, and landscaping. The building is operationally sound with major improvements already completed. Located near employment corridors, retail, and dining, with access to the I-710 and I-105 freeways, the property benefits from tenant demand and low vacancy. The property is located on a lot of 0.523 acres. The property size is 11960 square feet. The property is zoned CUR3*.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $380.3k $31.80
    − Vacancy −$30.4k −$2.54
    EGI $349.9k $29.26
    − OpEx −$157.5k −$13.17
    NOI $192.4k $16.09
    11,960 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $2.75M
    $2.41M – $3.21M (±1% cap)
    NOI $192,446 @ 7.0% cap · market cap 6.05%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $6.40M
    $5.60M – $7.47M (±1% cap)
    NOI $448,234 @ 7.0% cap · market cap 14.10%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Cudahy
    County
    Los Angeles
    State
    California
    Longitude
    -118.188972
    Latitude
    33.96264

    Nearby Similar for Sale

    • $1,100,000
      2,216 SF

      Cudahy Quadruplex on Oversized Lot

      Four units on a large lot with development potential.
      4123 Clara, Cudahy, CA 90201
      View Details
    • $1,995,000
      6,946 SF

      Cudahy Warehouse with Fenced Yard

      Industrial warehouse with office space and heavy power.
      8226 Salt Lake Ave, Cudahy, CA
      View Details
    • $2,175,000
      8,993 SF

      Free Standing Building Available

      Free standing building with 7,543 SF available for sale.
      4510-4526 Cecelia St, Cudahy, CA
      View Details
    • Contact for pricing
      100,935 SF

      Cudahy Freestanding Industrial Building

      Freestanding industrial building featuring office space and multiple doors.
      Cecilia St 4900, Cudahy, CA
      View Details

    FAQs

    What type of property is this?
    Apartment building - 15-unit apartment community in Cudahy's strong rental market.
    Where is this apartment building located?
    The property is located at 4502 Elizabeth St Cudahy, CA.
    What is the asking price?
    The asking price for this property is $3,180,000.
    What are key features of this property?
    This property features: Clear path to stabilization with three vacant 2‑bed/1‑bath units projected at $2,250/month market rents.; Upside potential from below‑market rents in occupied units as leases turn over.; Well‑maintained property with newer roof, upgraded electrical panels, and manicured landscaping.
    (949) 607-7096
    We can help!
    Listing Contact
    Nicholas Petrosian
    Real Estate License ID: 01462598
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4502 Elizabeth St, Cudahy, CA 90201
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!