15528 S White Avenue

    Compton, CA 90221
    • $1,850,000
    • STATUS: Active
    • ON SITE: 65 days
    • ID#: CV19216771
    UPDATED: 51 min ago
    $1,850,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,848
      SQFT
    • $270
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    15528 South White Avenue is a 9 + 1 unit investment opportunity located in Compton, California. Constructed in 1960, the 6,848 square foot building consists of (one) studio/one bathroom (non-conforming) unit, (two) one bedroom/one bathroom units, (six) two bedroom/one bathroom units and (one) three bedroom/one bathroom unit. The two-story property sits on a 9,473 square foot lot and offers carports, tuck under parking and a concrete driveway. In addition, the units are individually metered for gas and electricity and have individual hot water heaters. The Seller is willing to finance the property with a 43% down payment at 5% interest only.The property is located in East Rancho Dominquez, an unincorporated community subject to Los Angeles County rent control and is also within a census designated Opportunity Zone. In addition, the property is ideally situated in Compton and within a half of a mile to the 710 Long Beach Freeway. Because of its central location and proximity to Downtown Los Angeles, the city is well served by the Compton Blue Line Metro Station and bus transit, providing its residents many alternative ways of traveling to work, entertainment, dining, shopping, and home.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-15T15:34:08.077. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/98841644

    15528 S White Avenue Compton, CA 90221

    • Price: $1,850,000
    • Status: Active
    • Updated: 51 min ago
    • ID#: CV19216771
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    6,848
    SQFT
    $270
    $/SQFT
    1960
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    15528 South White Avenue is a 9 + 1 unit investment opportunity located in Compton, California. Constructed in 1960, the 6,848 square foot building consists of (one) studio/one bathroom (non-conforming) unit, (two) one bedroom/one bathroom units, (six) two bedroom/one bathroom units and (one) three bedroom/one bathroom unit. The two-story property sits on a 9,473 square foot lot and offers carports, tuck under parking and a concrete driveway. In addition, the units are individually metered for gas and electricity and have individual hot water heaters. The Seller is willing to finance the property with a 43% down payment at 5% interest only.The property is located in East Rancho Dominquez, an unincorporated community subject to Los Angeles County rent control and is also within a census designated Opportunity Zone. In addition, the property is ideally situated in Compton and within a half of a mile to the 710 Long Beach Freeway. Because of its central location and proximity to Downtown Los Angeles, the city is well served by the Compton Blue Line Metro Station and bus transit, providing its residents many alternative ways of traveling to work, entertainment, dining, shopping, and home.
    Exterior Features

    Carport Spaces 9.00 Garage Spaces 0.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 9.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Heating Radiant Heating YN Yes Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.74 Community Features Sidewalks Country Us Electric Expense 900.00 Elevation Units Feet Fuel Expense 1200.00 Gardener Expense 1200.00 Gross Income 145716.00 Gross Multiplier 12.70 Gross Scheduled Income 145716.00 Insurance Expense 3081.00 Land Lease YN No Laundry YN No Maintenance Expense 8500.00 Net Operating Income 87646.00 New Construction YN No New Taxes Expense 21588.00 Number Of Separate Electric Meters 10 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 10 Operating Expense 53699.00 Other Expense 1149.00 Other Expense Description Phone Pest Control Expense 900.00 Professional Management Expense 7067.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 53699.00 Trash Expense 3180.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 4934.00 Water Source Public Year Built Source Public Records Zoning Lcr3yy

    Listing provided courtesy of Douglas Mccauley of Marcus & Millichap and David Covarrubias of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-15T15:34:08.077. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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