16720 S Dalton Ave - Apartments FOR SALE


Gardena, CA 90247
$1,998,000 USD
213-878-2626
16720 S Dalton Ave, Gardena, CA for Sale
$1,998,000 USD
Apartments - FOR SALE
1/10
null | 5.09% Cap Rate

16720 S Dalton Ave
Gardena, CA 90247


HIGHLIGHTS

  • 5.09% Cap Rate Projected for 7/2025
  • 100% Leased 5-Unit Apartment with No Rent Control
  • Two Month-to-Month Units: Raise Rents to Market Value!
  • $89,863 Actual NOI | 4.5% Actual Cap Rate
  • 1/4-Mile East of Western Avenue and 1/2-Mile North of the Artesia (91) Freeway

OVERVIEW

Price reduced! Seller motivated! 5.09% capitalization rate of return: Projected for 7/2025. All five non-rent control units may be increased by 8.9% per year, effective 8/1/2024 to 7/31/2025 (per the California Apartment Association). 100% leased 5-unit apartment building with no rent control. Newer built (1988). One 3-bedroom/3-bath unit and four 2-bedroom/1-bath units. $89,863 actual net annual income | 4.5% actual cap rate. Two month-to-month units: Raise rents to market value! Located on the east side of Dalton Avenue between 166th Street and 169th Street. 50' frontage on South Dalton Avenue. Electric remote front gate. 10 total parking spaces: 2 car garage parking plus 8 carport spaces. 1/4-mile east of Western Avenue, 1/2 mile north of the 91 Freeway, and 1-mile west of the 110 Freeway.

FOR SALE DETAILS

PRICE

$1,998,000 USD

PRICE/SF

$445 USD /SF

# OF UNITS

5

PRICE/UNIT

$399,600

CAP RATE

5.09%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

No Rent Control | 1988 Built | 5.09% Cap Rate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,500 SF

ZONING

GAR3

APN/PARCEL ID

6106-024-017

ASK ABOUT THIS PROPERTY

Tony KimMajor PropertiesMore Info
213-878-2626

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Tony KimMajor PropertiesMore Info
213-878-2626

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.