NOT LISTED FOR SALE

15319 S White Ave Compton, CA 90221

East Compton Neighborhood
3 Beds
3 Baths
13,913 Sq Ft
0.46 Acres

Last Sold June 13, 2024

Last sale price $2,200,000 $158 Per Sq Ft

24 Days on Market

Highlights

  • 0.46 Acre Lot
  • Garden
  • 4-minute walk to East Rancho Dominguez Park
  • Laundry Room

About This Home

As of June 2024

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.

Last Agent to Sell the Property

Jackson Jorgensen

Younglewin Advisors, Inc. Brokerage Email: jack@younglewin.com License #02022727 Listed on: 03/15/2024

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.46 Acre Lot
  • Two or More Common Walls
  • Garden

Parking

  • 15 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 13,913 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Tax Tract Number 2
  • Assessor Parcel Number 6180011017
  • $8,594 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 18 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 18 Separate Electric Meters
  • 18 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Fuel Expense $1,000
  • Insurance Expense $13,000
  • Professional Management Expense $11,570
  • Trash Expense $3,000
  • Water Sewer Expense $16,000
  • Operating Expense $115,568
  • Gross Income $231,296
  • Net Operating Income $108,886

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

15

Listing Details

  • Other Phone Description: cell
  • Other Phone Number: 626-399-2415
  • Price Per Unit: 150000
  • Professional Management Expense: 11570.00
  • Property Attached: Yes
  • Water Sewer Expenses: 16000.00
  • Zoning: LCR3YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 6180011017
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 158.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 15.00
  • Total Parking Spaces: 15.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden
  • Lot Size Sq Ft: 20220.00
  • Lot Size Acres: 0.4642
  • Latitude Manual: 33.89364700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1000.00
  • Fuel Expense: 1000.00
  • Gross Income: 231296.00
  • Gross Scheduled Income: 231296.00
  • Insurance Expense: 13000.00
  • Lot Size Area: 20220.0000 Square Feet
  • Net Operating Income: 108886.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 18
  • Operating Expense: 123568.00
  • Rent Control: Yes
  • Total Expenses: 115568.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 5421.05
  • Tax Lot: 4
  • Tax Rate: 1.18
  • Tax Tract Number: 2
  • TaxOtherAnnualAssessmentAmount: 8594.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2024 06/13/24 Sold $2,200,000 -18.5% $158 / Sq Ft
03/15/2024 03/15/24 For Sale $2,700,000 -- $194 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jackson Jorgensen

    Younglewin Advisors, Inc.

    (562) 318-0215

    1 in this area

    13 Total Sales

    Jackson Jorgensen
    Section Image

  • N

    Buyer's Agent in 2024

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    5,866 Total Sales

    NoEmail NoEmail
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24053041

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Compton 90221 East Compton

15319 S White Ave, Compton, CA

This home is located at 15319 S White Ave, Compton, CA 90221 since 15 March 2024. This property was built in 1959. 15319 S White Ave is a home located in Los Angeles County with nearby schools including William Jefferson Clinton School, Roosevelt Middle School, and Dominguez High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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