16720 Dalton AveGardena, CA 90247

Property Details for 16720 Dalton Ave

Year built

1988

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

4,494 SF

Zone code

GAR3

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

6106-024-017

APU

6106024017

Description

This exceptional 5-unit apartment building in Gardena, CA presents a compelling investment opportunity. Boasting a 100% occupancy rate, the property generates a substantial net operating income (NOI) of $87,363, yielding a 4.06% cap rate. A pro-forma NOI of $99,094 projects a 4.61% cap rate, reflecting significant upside potential. Built in 1988, the property features a mix of unit sizes: one 3-bedroom/3-bathroom unit and four 2-bedroom/1-bathroom units. The absence of rent control allows for substantial rental increases, with the potential for an 8.9% annual increase on all five units, effective August 1, 2024. Two units are currently on month-to-month leases, offering immediate opportunities to raise rents to market value. The property sits on a 7,500 sq ft lot and includes 10 parking spaces (2 garage, 8 carport). Conveniently located near major freeways (Artesia (91) and Harbor (110)), this property offers easy access to transportation. Additional features include an electric remote front gate and a desirable GAR3 zoning designation. The asking price is $2,150,000, or $430,000 per unit. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a prime Gardena location with significant growth potential. The property's address is 16720 Dalton Ave, Gardena, CA 90247, APN 6106-024-017. The total square footage is 4,494 across a two-story building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,771,227

  6.5%

  $1,634,979

  7%

  $1,518,195

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,680,545

  Geo Method

  $1,680,545

• Alternative Use

  Use

  Valuation

  Residential

  $1,634,979

  Hospitality

  $1,497,632

  Educational

  $1,246,012

  Medical

  $1,288,864

  Retail

  $1,938,241

Location Insight

City

Gardena

County

Los Angeles

State

California

Latitude

33.879

Longitude

-118.304

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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