$1,085,000
$1,099,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
15615 S White Ave Compton, CA 90221
12 Beds
6 Baths
5,096 SqFt
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 Sub-Type Multi-Family
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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Bought with Compass