15319 White Avenue

Compton, CA 90221

$2,700,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $194 / sqft

1959

calendar_month Built

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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 15319 White Avenue
City Compton
State CA
Zip 90221
County Los Angeles
Listing Agent Jackson Jorgensen DRE#02022727
Courtesy Of Younglewin Advisors, Inc.
MLS PW24053041
List Price $2,700,000
Status Active Under Contract
Type Residential Income
Subtype Apartment
Structure Size N/A
Lot Size 20,220
Year Built 1959
DOM 25

Exterior Information

Maps

Listing information courtesy of: Jackson Jorgensen, Younglewin Advisors, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 8th, 2024 at 7:02 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.