2640 Dalton Ave 5 Unit Apartment Building $1,250,000 ($250,000/Unit) 5.50% Cap Rate Los Angeles, CA 90018

2640 Dalton Avenue presents a rare investment opportunity in Los Angeles’ rapidly developing West Adams neighborhood. This five-unit property is offered at $1,250,000 and currently operates at a 5.55% Cap Rate with an 11.24 GRM, providing immediate cash flow and long-term value potential. The property benefits from non-RSO status and compliance with CA AB 1482, which allows for controlled annual rent adjustments.
Two of the five units have undergone extensive renovations, featuring modern upgrades such as new flooring, cabinetry, appliances, bathroom fixtures, and smart Ring doorbell technology. The current unit mix includes one (3 Bed/2 Bath), three (2 Bed/1.5 Bath), and one (1 Bed/1 Bath) apartments, plus potential for an additional ADU to enhance income. Onsite amenities include gated entry, eight dedicated parking spaces with alley access, private patios, and in-unit laundry for select units.
Strategically positioned between Downtown Culver City and Downtown Los Angeles, the property offers easy access to major transportation arteries including the 10, 405, and 110 freeways, as well as the Metro transit line. This central location ensures strong tenant demand in one of LA’s most dynamic rental submarkets, supported by proximity to job centers, cultural destinations, and retail amenities.