It is rare to find a property like 4731-4743 Clara available to purchase on the market today. The property is comprised of three large lots, with an
astonishing footprint of over 60,000 total square feet! The property feels more like a park in certain places! The property boasts a diverse unit mix and ample parking. There is a myriad of executable business plans that may be able to be implemented at the subject property. Clearly, there is presently upside in rental income in the SFR-like units which can be attained over time. These units are like homes, many with their own front and back yard areas. Additionally, numerous ADU opportunities might be available for value add investors. Furthermore, this property may present developers, tax credit and otherwise, with a much larger development opportunity based on current zoning and the demand for subsidized housing in California (buyer to verify all of the above). What is also terrific about this asset is the proximity to the Clara Park next door which boasts the Leo Turner Community Center. This center hosts a number of recreational opportunities for local residents. This property is a tremendous opportunity for the right, entrepreneurial real estate group/investor.
astonishing footprint of over 60,000 total square feet! The property feels more like a park in certain places! The property boasts a diverse unit mix and ample parking. There is a myriad of executable business plans that may be able to be implemented at the subject property. Clearly, there is presently upside in rental income in the SFR-like units which can be attained over time. These units are like homes, many with their own front and back yard areas. Additionally, numerous ADU opportunities might be available for value add investors. Furthermore, this property may present developers, tax credit and otherwise, with a much larger development opportunity based on current zoning and the demand for subsidized housing in California (buyer to verify all of the above). What is also terrific about this asset is the proximity to the Clara Park next door which boasts the Leo Turner Community Center. This center hosts a number of recreational opportunities for local residents. This property is a tremendous opportunity for the right, entrepreneurial real estate group/investor.
Property Details
Price:
$3,400,000
MLS #:
SB24178496
Status:
Pending
Baths:
0
Address:
4731 Clara Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
699notdefined
City:
Cudahy
Listed Date:
Aug 28, 2024
State:
CA
ZIP:
90201
Lot Size:
61,397 sqft / 1.41 acres (approx)
Year Built:
1965
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Schools
Interior
Exterior
Community Features
Sidewalks
Garage Spaces
0.00
Lot Features
Level with Street
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Map
Community
- Address4731 Clara Street Cudahy CA
- Area699 – Not Defined
- CityCudahy
- CountyLos Angeles
- Zip Code90201
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4731 Clara Street
Cudahy, CA
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