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15615 S White Ave Compton, CA 90221
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Key Details
Sold Price $1,085,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,096 sqft
Price per Sqft $212
MLS Listing ID 24-346217
Sold Date 02/27/24
Bedrooms 12
Year Built 1935
Lot Size 0.463 Acres
Property Description
15613-17 S. White Ave. is a six-unit value-add opportunity, located in an area of Unincorporated LA County, and offered at $183,167 per unit, $216 per foot, 5.65% current CAP, and 10.83 current GRM. With approx. 70% rental upside, the property will stabilize at an 11.98% market CAP & 6.35 market GRM at projected market rents (based on renovated units). Situated on a 20,170 SF lot with plenty of parking spaces (mix of one-car garages, covered, and surface spaces), 15613-17 S. White presents an opportunity to add one or two ADUs (buyer to verify). The property is comprised of four structures featuring (6) 2-bdrm. units averaging approx. 850 SF. Several units feature private front yards.
Location
State CA
County Los Angeles
Area Compton S Of Rosecrans, E Of Alameda
Zoning LCR3YY
Rooms
Other Rooms None
Interior
Heating Other
Cooling Other
Flooring Other
Equipment Built-Ins, Dishwasher, Freezer, Hood Fan, Refrigerator, Range/Oven, Other
Laundry Community, Room
Exterior
Parking Features Garage - 1 Car, Uncovered, Covered Parking
Garage Spaces 6.0
View Y/N No
View None
Building
Story 1
Level or Stories One
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Compass