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5143 Clara Street Bell Gardens, CA 90201
15,232 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 15,232 sqft
Price per Sqft $301
MLS Listing ID CL26998129
HOA Y/N No
Year Built 1962
Lot Size 0.918 Acres
Acres 0.9184
Property Sub-Type Other
Property Description
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.
Location
State CA
County Los Angeles
Zoning CUR3*
Interior
Fireplace No
Laundry No Hookups
Exterior
View Y/N false
View None
Building
Lot Description Other, Front Yard
Water Other
New Construction No
Others
Tax ID 6226019023
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Listed by Juan Cardenas • Remax Commercial and Investment Realty