Newer 1988 Built! 5.1% Cap Rate Return | 16720 S Dalton Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Newer 1988 Built! 5.1% Cap Rate Return 16720 S Dalton Ave
5 Unit Block of Flats £1,588,993 (£317,799/Unit) 5.09% Net Initial Yield Gardena, CA 90247
INVESTMENT HIGHLIGHTS
- Newer 1988 Built! No Rent Control. 5.1% projected Capitalization Return on Investment for 7/2025!
- Raise Rents to Market Value!
- Four month-to-month units by 7/2025. Currently two month-to month units. 100% Leased. 5-Unit Apartment.
- 1/4-Mile East of Western Avenue and 1/2-Mile North of the Artesia (91) Freeway
EXECUTIVE SUMMARY
Newer 1988 Year Built! Very Realistic 5.1% projected Capitalization Rate Return on Investment by 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).
Four of Five units will be month-to-month by 7/2025! Currently, two vacant units.
100% leased 5-unit apartment building with no rent control. One 3-bedroom/3-bath unit and four 2-bedroom/1-bath 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.
Four of Five units will be month-to-month by 7/2025! Currently, two vacant units.
100% leased 5-unit apartment building with no rent control. One 3-bedroom/3-bath unit and four 2-bedroom/1-bath 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.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
£115,457
|
£25.69
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£115,457
|
£25.69
|
| Taxes |
£19,862
|
£4.42
|
| Operating Expenses |
£14,767
|
£3.29
|
| Total Expenses |
£34,629
|
£7.71
|
| Net Operating Income |
£80,828
|
£17.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £115,457 |
| Annual Per SF | £25.69 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £115,457 |
| Annual Per SF | £25.69 |
| Taxes | |
|---|---|
| Annual | £19,862 |
| Annual Per SF | £4.42 |
| Operating Expenses | |
|---|---|
| Annual | £14,767 |
| Annual Per SF | £3.29 |
| Total Expenses | |
|---|---|
| Annual | £34,629 |
| Annual Per SF | £7.71 |
| Net Operating Income | |
|---|---|
| Annual | £80,828 |
| Annual Per SF | £17.99 |
PROPERTY FACTS
| Price | £1,588,993 | Building Class | B |
| Price Per Unit | £317,799 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 4,494 SF |
| Net Initial Yield | 5.09% | Average Occupancy | 100% |
| No. Units | 5 | Number of Floors | 2 |
| Property Type | Multifamily | Year Built | 1988 |
| Property Subtype | Apartment | Parking Ratio | 2.23/1,000 SF |
| Apartment Style | Low Rise |
| Price | £1,588,993 |
| Price Per Unit | £317,799 |
| Sale Type | Investment |
| Net Initial Yield | 5.09% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 4,494 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1988 |
| Parking Ratio | 2.23/1,000 SF |
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 3+3 | 1 | - | - |
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 6106-024-017 | Total Assessment | £1,419,596 |
| Land Assessment | £780,372 | Annual Taxes | £19,862 (£4.42/sf) |
| Improvements Assessment | £639,224 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
6106-024-017
Land Assessment
£780,372
Improvements Assessment
£639,224
Total Assessment
£1,419,596
Annual Taxes
£19,862 (£4.42/sf)
Tax Year
2024
ZONING
| Zoning Code | GAR3 (Residential) |
| GAR3 (Residential) |
1 of 11
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Newer 1988 Built! 5.1% Cap Rate Return | 16720 S Dalton Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.