Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

5

Building size

4,494 sqft

Lot size

7,502 sqft

Year built

1988

Stories

2

Garage spaces

2

Heating

Forced Air

Pool

None

Status

Active

Days on market

102

MLS #

239794866

About this property

Price Reduced! Built in 1988, this well maintained 5-unit multifamily investment offers immediate income with built-in upside. The property features an excellent unit mix consisting of (4) 2bed/1bath units & (1) 3bed/2bath Townhome unit, catering to the strong tenant demand in the area. Most rents are near market, with an estimated 14% rental upside after lease of vacancy. An attractive opportunity for investors seeking both stability and growth. Efficiently operated with very low expenses, making it an ideal passive investment that does not require professional management. Parking is a major advantage, offering 10 total spaces: one 2-car garage and 8 tuck-under spaces. Storage units are big enough to offer ADU potential without losing any parking. Buyer to verify. This asset is a compelling opportunity to acquire a newer-built, low maintenance multifamily property with immediate cash-flow! Do not Walk Property or Disturb Tenants!

Location

16720 S Dalton Ave

Gardena, Los Angeles, CA, 90247