$1,250,000
2640 Dalton Ave is a 5-unit apartment building situated in the heart of flourishing West Adams. Currently operating at a 5.55% CAP and 11.24 GRM, the subject property is ideal for any investor looking for strong day one cash flow. The subject property is non RSO rent control- it is only subject to CA AB 1482 which allows 8% increases or 5%+CPI annually. All the work has been completed for the new buyer! Sit back and collect a check. Don't miss this opportunity to own in one of the most rapidly appreciating neighborhoods in all of Los Angeles! 2640 Dalton Ave is comprised of (1) 3-Bed/2-Bath, (3) 2-Bed/1.5-Bath townhomes and (1) 1Bed-1Bath units. Each unit has been meticulously renovated including Central A/C, Ring Doorbells, new floors, cabinets, appliances, fixtures, bathrooms, etc. There are (8) parking spaces with alleyway access, private patios for each unit, and convenient on-site laundry. The subject property is conveniently located in-between Downtown Culver City, Downtown Los Angeles and the city's metro line. Renters will enjoy the proximity to the 10 , 405 and 110 freeways, making commuting in Los Angeles a breeze. This is an excellent opportunity to acquire an investment property with strong income and little maintenance.
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Listed by Cameron Samimi with Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
Property Type
Apartment
Status
Active
MLS Number
SB26092580
Year Built
1984
Lot Size
7,100 sq ft