$2,700,000 Price Analysis   ♡   Compton, CA 90221 31 bed 18 bath 13,913 SqFt ($194/SqFt) 0.46 acre lot. Built 1959 Listed 2024-03-16, Taxes $13,096 | Ⓧ USDA Ineligible due to price & location near Compton |
We are pleased to present 15319 S White Ave
* Has Contingent Offer *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 fr 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 at
Younglewin Advisors, Inc.
Property MLS #PW24053041 from CRMLS
Lot Size Acres: 0.4642
Lot Size Source: Assessor
Lot Size Square Feet: 20220
Parking Total: 15
Bedrooms in Unit-1: 2
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Unit-1 Garage Spaces: 15
Rent Control: Yes
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 13000.00
Area: RN - Compton N of Rosecrans, E of Central
Source Neighborhood: RN - Compton N of Rosecrans, E of Central
Number of Separate Electric Meters: 18
Number of Separate Gas Meters: 18
Number of Separate Water Meters: 1
Parcel Number: 6180011017
Postal Code Plus 4: 3672
Professional Management Expense: 11570.00
Trash Expense: 3000.00
Zoning: LCR3YY
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $341,494 + $67,630 $409,124 | $13,096 |
| 2021 | $334,799 + $66,304 $401,103 | $13,074 |
| 2020 | $331,367 + $65,625 $396,992 | $12,951 |
| 2019 | $324,870 + $64,339 $389,209 | $12,853 |
| 2018 | $318,500 + $63,078 $381,578 | $12,335 |
| 2017 | $312,255 + $61,842 $374,097 | $12,074 |
| 2016 | $306,133 + $60,630 $366,763 | $11,729 |
| 2015 | $301,535 + $59,720 $361,255 | $11,418 |
| 2014 | $295,629 + $58,551 $354,180 | $11,408 |
| 2013 | $294,293 + $58,287 $352,580 | $11,304 |
| 2012 | $288,523 + $57,145 $345,668 | $11,155 |
| 2010 | $282,866 + $56,025 $338,891 | $11,026 |
| 2009 | $281,419 + $55,740 $337,159 | $10,792 |
| 2009 | $280,752 + $55,607 $336,359 | $10,792 |
| 2008 | $275,901 + $54,648 $330,549 | $10,610 |
| 2007 | $270,492 + $53,577 $324,069 | $10,211 |
$2,700,000
CRMLS
Sold 1978-05-16
$169,000
Public Record
Year Built: 1959
Building Features: 2
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Front
Property Age: 65
Property Attached: Yes
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 16000.00
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.