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"Riviera" is a 15-unit, two-story garden-style apartment community in the heart of Cudahy's strong rental market. At $233,333 per unit, the property features an attractive unit mix of (1) 3-bed/1-bath and (14) 2-bed/1-bath units with detached carport parking, a combination that consistently draws and retains quality tenants in this submarket. Four vacant 2-bed/1-bath units deliver immediate lease-up upside at $2,250/month market rents, while the remaining occupied units offer additional upside as below-market leases naturally turn over. At stabilized market rents, the property achieves a 7.5% cap rate and 8.45 GRM, a compelling return profile for the Southeast Los Angeles market. The asset has been well cared for, featuring a newer roof, upgraded electrical panels, and manicured landscaping throughout. New ownership steps into a clean, operationally sound building with the hard work already done. Conveniently located near major employment corridors, retail, and dining, with easy access to the I-710 and I-105 freeways, keeping vacancy low and demand steady.
Property Type(s):
Residential Income
| Last Updated | 4/9/2026 | Year Built | 1962 |
|---|---|---|---|
| Community | T5 - WalnutPk, HuntPk, Bell N of Florence, and Cud | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| AREA | T5 - WalnutPk, HuntPk, Bell N of Florence, and Cud |
| HEAT | Wall Furnace |
| LOT | 0.523 acre(s) |
| LOT DIMENSIONS | 22783 |
| PARKING | Detached Carport |
| STORIES | 2 |
Location
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Listed with Remax Commercial and Investment Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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