12-Unit Apartment
For Sale
$2,250,000
3823 Walnut, Cudahy, CA 90201
Multifamily property with a balanced one- and two-bedroom mix, ground-level residences, rear upper units, and carports.
Property Size8,020 SF
Days on Market8
Property Features for 3823 Walnut
General Information
Standard status
Active
Size
8,020 SF
Property subtype
Apartment
Property Condition
Severity
Repairs Needed
Evidence
deferred maintenance
Units
Unit Mix
6 x 1BR, 6 x 2BR
Multifamily Units
12
Building Details
Building Size
8,020 SF
Year Built
1954
Listing Agency:
Century 21 Jervis & Associates
(562) 244-3897
Listed By:
Yehia Zakaria · License #01943432
Source:
Velocityrealtysd
Added: Aug 16
Changed: Aug 22
Last Checked: Aug 22 at 3:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Jervis & Associates
Investment Insights
Based on property information with market context.
This 12-unit apartment property in Cudahy, California, was built in 1954 and includes an even mix of six one-bedroom and six two-bedroom residences. Eight apartments are situated at ground level, comprising all six one-bedroom units and two two-bedroom units. The remaining four two-bedroom apartments are positioned above the rear carports.
The property occupies a large lot along Walnut in a residential setting. Deferred maintenance is present, creating a need for renovations and property improvements as part of the next ownership plan. The unit arrangement combines accessible ground-floor residences with upper-level apartments over covered parking.
The property occupies a large lot along Walnut in a residential setting. Deferred maintenance is present, creating a need for renovations and property improvements as part of the next ownership plan. The unit arrangement combines accessible ground-floor residences with upper-level apartments over covered parking.
Key Highlights
- 12 total apartments with six 1‑bedroom and six 2‑bedroom units
- Eight ground‑level apartments, including all six 1‑bedroom units
- Four 2‑bedroom units positioned above rear carports
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$129,048
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,580,960
$2.6M
Cap Rate 7%
$1,843,543
$1.8M
Cap Rate 9%
$1,433,867
$1.4M
Market Conditions
NOI Build-Up for 8,020 SF
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.
Gross rent
$255.0K $31.80/SF
− Vacancy
−$20.4K −$2.54/SF
EGI
$234.6K $29.26/SF
− OpEx
−$105.6K −$13.17/SF
NOI
$129.0K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,580,960
Cap Rate 7%
$1,843,543
Cap Rate 9%
$1,433,867
Alternative Uses
Best Use
Apartment 5plus
$1.84M
$1.61M – $2.15M
NOI $129,048 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.29M
$3.76M – $5.01M
NOI $300,571 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,111
Businesses Nearby
Explore this area
Business Placement
Demographics for 90201, CA
95,810
Population
24,989
Households
3.8
Avg Household Size
32
Median Age
7%
College-Educated
55%
High-School Grad
6.0 sq mi
ZIP Area
15,968
Density / Sq Mi
$56,824
Median Household Income
$30,264
Median Earnings
$1,623
Median Rent
$542,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with a balanced one- and two-bedroom mix, ground-level residences, rear upper units, and carports.
Where is this apartment building located?
The property is located at 3823 Walnut Cudahy, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 12 total apartments with six 1‑bedroom and six 2‑bedroom units; Eight ground‑level apartments, including all six 1‑bedroom units; Four 2‑bedroom units positioned above rear carports
