• Price reduced! Seller motivated!
• 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
• 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) • $101,633 pro forma net annual income | 5.09% pro forma 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 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
