$3,200,000
$3,370,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
0.39 Acres Lot
SOLD DATE : 03/31/2026
Key Details
Sold Price $3,200,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR26001527
Sold Date 03/31/26
HOA Y/N No
Year Built 1964
Lot Size 0.389 Acres
Property Sub-Type Apartment
Property Description
This prime investment opportunity, is a gated garden-style apartment complex which offers investors a rare combination of stable cash flow, meaningful rental upside, and future development potential. The property features secure common areas and extensive on-site parking, including two single garages, twenty-one carports, and two additional gated spaces. The asset produces strong in-place income with a 6.42% percent cap rate and a 11.7 times GRM, while an estimated (+-25%) twenty five percent rental upside provides a clear value-add pathway. Brand new electrical panels have been installed throughout the property, creating a major advantage in obtaining competitive insurance rates. The efficient layout consists of fifteen one bedroom one bath units, and no on-site manager is required (subject to buyer verification).
An unused enclosed area offers additional potential for a two-story addition or future expansion, and the large rear portion of the lot may accommodate new construction for 7-14 units (also subject to buyer verification). Situated near the 710, 5, 101, 105, and 60 freeways, the property at 4660 Clara Street benefits from excellent regional connectivity. Built in 1964 and set on a 16,936 square foot lot with 10,382 square feet of improvements, this fifteen unit offering is priced at 3,370,000 dollars, reflecting 225,000 dollars per unit and 325 dollars per square foot, within CUR3* zoning.
Location
State CA
County Los Angeles
Area T5 - Walnutpk, Huntpk, Bell N Of Florence, And Cud
Interior
Fireplace No
Laundry Common Area, Washer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Street Lights, Sidewalks
Utilities Available Electricity Connected, Water Connected
Total Parking Spaces 2
Private Pool No
Building
Lot Description 11-15 Units/Acre, Garden, Sprinkler System, Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6226024004
Energy Description 1620.0
Acceptable Financing Cash, Cash to New Loan, Cal Vet Loan, 1031 Exchange, FHA 203(b), FHA 203(k), FHA, Fannie Mae, Freddie Mac, Government Loan, Owner May Carry, Submit, USDA Loan, VA Loan
Listing Terms Cash, Cash to New Loan, Cal Vet Loan, 1031 Exchange, FHA 203(b), FHA 203(k), FHA, Fannie Mae, Freddie Mac, Government Loan, Owner May Carry, Submit, USDA Loan, VA Loan
Financing Conventional
Special Listing Condition Standard
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