Building Details

Building Size 8,020 SF

Year Built 1954

Listing Agency: Century 21 Jervis & Associates

Listed By: Yehia Zakaria · License #01943432 Show Phone

Source: Velocityrealtysd

Added: Aug 16 Changed: Sep 29 Last Checked: Oct 5 at 9:29PM

Report an Issue

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.

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 / Yr

$129,048

Cap Rate

5.74%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

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 (±1% cap)

NOI $300,571 @ 7.0% cap · market cap 13.36%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency (Bike/Boat/Book/etc) Store Electrical Service Skin Care Clinic Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Multi-Family Apartment Building

4642 Live Oak, Cudahy, CA 90201

$2,999,000

View details

Multifamily Property with Carport

5029 Santa Ana, Cudahy, CA 90201

$8,800,000

View details

Remodeled Retail Space Near Park

9710 ATLANTIC Ave I, Cudahy, CA 90201

$120,000

View details

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