7701 Walker, Cudahy, CA 90201

$1,050,000

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List Price
$1,050,000
Status
ACTIVE UNDER CONTRACT
MLS#
DW26135968
Year Built
1958
Lot Size
5,098
Acres
0.12
Lot Location
2-5 Units/Acre
Days on Market
35
Property Type
Multifamily
Property Sub Type
Quadruplex

Property Description

7701 Walker Ave presents the opportunity to acquire a four unit (8BD/4BA) multifamily asset in the supply constrained Southeast Los Angeles submarket. Held by the same ownership since 2003, the property has benefited from long-term stewardship and recent capital improvements, including a three year new roof and new parking concrete floor, minimizing near-term capital requirements. Offering immediate cash flow, the asset is priced at a 6.49% cap rate and 11.33 GRM. The property consists of four two-bedroom, one bath units, providing investors with stable in-place income and a unit mix well-aligned with the area's renter market. Situated on a corner lot along a cul-de-sac street, the asset offers an attractive residential setting complemented by on-site carport parking for tenants. Located in Cudahy, the second most densely populated city in California, 7701 Walker Ave benefits from strong underlying housing fundamentals and high barriers to new supply. The offering presents investors with the opportunity to acquire a proven cash-flowing asset supported by long-term ownership, recent improvements, and durable demand drivers. City rent control in place.

Additional Information

Pool Description
None
Garage Spaces Total
4
Sewer
Public Sewer
Water
Other
Attached Structure
Detached
Number Of Units Total
4
Gross Scheduled Income
$97,712
Operating Expense
24545

Listing courtesy of Listing Agent: Edwin Mariscal (Edwin@CREAdvisoryGroup.com) from Listing Office: Edwin Mariscal, Broker.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.