No Rent Control | 1988 Built | 5.09% Cap Rate | 16720 S Dalton Ave
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No Rent Control | 1988 Built | 5.09% Cap Rate 16720 S Dalton Ave
5 Unit Apartment Building $2,832,105 CAD ($566,421 CAD/Unit) 5.09% Cap Rate Gardena, CA 90247
Investment Highlights
- 5.09% Cap Rate Projected for 7/2025
- Two Month-to-Month Units: Raise Rents to Market Value!
- 1/4-Mile East of Western Avenue and 1/2-Mile North of the Artesia (91) Freeway
- 100% Leased 5-Unit Apartment with No Rent Control
- $89,863 Actual NOI | 4.5% Actual Cap Rate
Executive Summary
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.
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$205,783
|
$45.79
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$205,783
|
$45.79
|
| Taxes |
$35,401
|
$7.88
|
| Operating Expenses |
$26,320
|
$5.86
|
| Total Expenses |
$61,721
|
$13.73
|
| Net Operating Income |
$144,062
|
$32.06
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $205,783 |
| Annual Per SF | $45.79 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $205,783 |
| Annual Per SF | $45.79 |
| Taxes (CAD) | |
|---|---|
| Annual | $35,401 |
| Annual Per SF | $7.88 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $26,320 |
| Annual Per SF | $5.86 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $61,721 |
| Annual Per SF | $13.73 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $144,062 |
| Annual Per SF | $32.06 |
Property Facts
| Price | $2,832,105 CAD | Building Class | B |
| Price Per Unit | $566,421 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 4,494 SF |
| Cap Rate | 5.09% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1988 |
| Property Subtype | Apartment | Parking Ratio | 2.23/1,000 SF |
| Apartment Style | Low Rise |
| Price | $2,832,105 CAD |
| Price Per Unit | $566,421 CAD |
| Sale Type | Investment |
| Cap Rate | 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% |
| No. Stories | 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 | $2,508,425 CAD |
| Land Assessment | $1,378,917 CAD | Annual Taxes | $35,401 CAD ($7.88 CAD/SF) |
| Improvements Assessment | $1,129,508 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
6106-024-017
Land Assessment
$1,378,917 CAD
Improvements Assessment
$1,129,508 CAD
Total Assessment
$2,508,425 CAD
Annual Taxes
$35,401 CAD ($7.88 CAD/SF)
Tax Year
2024
zoning
| Zoning Code | GAR3 (Residential) |
| GAR3 (Residential) |
-
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No Rent Control | 1988 Built | 5.09% Cap Rate | 16720 S Dalton Ave
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