Thank you
Jackson Jorgensen
Younglewin Advisors, Inc.
562-318-0215
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.
Sell a home like this and save $161,501 Find Out How
Water Source : Public
Sewer : Public Sewer
Year Built: 1959
Building Area Total: 13,913
None
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.4642
Lot Size Source: Assessor
Lot Size Square Feet: 20220
Original List Price: 2,700,000
Listing Contract Date: 2024-03-15
Listing Agreement: Exclusive Right To Sell
Parcel Number: 6180011017
Lease Term: Negotiable
Tenant Pays: Electricity,Gas
Source Listing Status: Active Under Contract
Source Neighborhood: RN - Compton N of Rosecrans, E of Central
Postal Code Plus 4: 3672
Directions: South of Compton Blvd
Zoning: LCR3YY
Source Property Type: Residential Income
Area: RN - Compton N of Rosecrans, E of Central
Property SubType: Apartment
Property Age: 65
Common Walls: 2+ Common Walls
Structure Type: Apartment
Year Built Source: Assessor
Entry Level: 1
Entry Location: Front
Property Attached: Yes
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1607 N Willow Avenue, Compton, CA,90221 | $510,000 | 2 | 2 | 1,170 | 5141 Sqft |
601 S Bradfield Avenue, Compton, CA,90221 | $450,000 | 2 | 1 | 884 | 6136 Sqft |
1620 E Mcmillan Street, Compton, CA,90221 | $1,200,000 | 3 | 1 | 1,096 | 5890 Sqft |
2113 N Locust Avenue, Compton, CA,90221 | $615,000 | 4 | 3 | 1,781 | 6013 Sqft |
201 S Rose Avenue, Compton, CA,90221 | $645,000 | 2 | 1 | 1,106 | 6765 Sqft |
209 S Willow Avenue, Compton, CA,90221 | $1,405,000 | -- | -- | 5,301 | 6758 Sqft |
1800 N Santa Fe Avenue, Compton, CA,90221 | $938,888 | 3 | 3 | 2,646 | 6503 Sqft |
1317 S Mayo Avenue, Compton, CA,90221 | $749,900 | 3 | 2 | 1,695 | 6147 Sqft |
1700 N Chester Avenue, Compton, CA,90221 | $620,000 | 3 | 2 | 1,171 | 4785 Sqft |
16204 S Bradfield Avenue, Compton, CA,90221 | $809,999 | 4 | 2 | 1,488 | 5144 Sqft |
Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
ByOwner last updated this listing 05/01/2024 @ 21:51
MLS: PW24053041
LISTED BY: Jackson Jorgensen, Younglewin Advisors, Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.