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15319 S White AVE Compton, CA 90221
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Key Details
Sold Price $2,200,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 13,913 sqft
Price per Sqft $158
MLS Listing ID PW24053041
Sold Date 06/13/24
HOA Y/N No
Year Built 1959
Lot Size 0.464 Acres
Property Description
We are pleased to present 15319 S White Ave, an 18 unit apartment building located in unincorporated Compton to market. S White Ave consists of 15 (2) bed/1 bath units, (2) Studios, and (1) 1 bed/1 bath unit. A shared laundry room is located on site. The property is separately metered for electric and gas. There is currently a large 600 square foot (approximately) storage room that is located on the bottom front floor of the building that could be converted into an ADU (buyer to verify). The property is being offered at a current cap rate of 4.03% and a GRM of 11.67 with substantial upside - pro forma NOI is 140% higher than it is currently. Offered at $150,000 per unit and $196 per square foot, S White Ave offers an opportunity for an experienced investor to invest with a low going in basis and tap into substantial upside with a pro-forma cap rate of 9.67%.
PLEASE NOTE PROPERTY IS LOCATED IN UNINCORPERATED LOS ANGELES COUNTY AND IS SUBJECT TO LA COUNTY RSO RULES.
Location
State CA
County Los Angeles
Area Rn - Compton N Of Rosecrans, E Of Central
Zoning LCR3YY
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 15.0
Garage Description 15.0
Pool None
Community Features Urban
Total Parking Spaces 15
Private Pool No
Building
Lot Description Garden
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6180011017
Energy Description 1000.0
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Jack Jorgensen • Pacific West
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