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Compton, CA 90221 15319 S White Avenue

$2,700,000

15319 S White Avenue Compton, Ca - Image 115319 S White Avenue Compton, Ca - Image 215319 S White Avenue Compton, Ca - Image 3
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15319 S White Avenue Compton, Ca - Image 4
Presented By: Jackson Jorgensen with Younglewin Advisors, Inc.; jackjorgs@gmail.com
  • MLS# PW24053041
  • 03/15/2024
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  • BedBeds • 30
  • BathBaths • 1
  • FootageSQFT • 13,913
  • GarageGarage • 15

Home Details

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.
Presented By: Jackson Jorgensen with Younglewin Advisors, Inc.; jackjorgs@gmail.com

Interior Features for 15319 S White Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 15319 S White Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityCompton
Community FeaturesUrban
CountyLos Angeles
Days on Market47
DirectionsSouth of Compton Blvd
Electric Expense1000.0
Entry LocationFront
Fuel Expense1000.0
Garage Spaces15.0
Garage Y/NYes
Gross Income231296.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense13000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsConventional
Lot Size Square Feet20220.0
MLS AreaRN - Compton N of Rosecrans, E of Central
MobileHomeRemainsYNNo
Net Operating Income108886.0
New ConstructionNo
Operating Expense123568.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Street NameWhite
Tax Lot4
Tenant PaysElectricity, Gas
Total Units18
Trash Expense3000.0
View Y/NNo
Water Sewer Expense16000.0
Waterfront Y/NNo
Year Built1959
Year Built SourceAssessor
ZoningLCR3YY

Exterior for 15319 S White Avenue

Building Area Total13913.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesGarden
Lot Size Acres0.4642
Lot Size Area20220.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters18
Number of Separate Gas Meters18
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking15.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,700,000
MLS#PW24053041
List Date 03/15/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors