15615 S White Ave is a six-unit South LA multifamily value-add opportunity located in unincorporated Los Angeles County. Priced at just $183,167 per unit and $216 per square foot, the asset offers investors strong in-place income and significant rental upside in a stable, workforce housing submarket.

The property consists of four separate structures with (6) two-bedroom units, each averaging approximately 850 square feet. Several units include private front yards, enhancing tenant appeal and long-term retention. Situated on a large 20,170 SF lot, the site also provides abundant parking—featuring a mix of one-car garages, covered spaces, and surface parking.

At current rents, 15615 S White Ave operates at a 5.65% CAP and 10.83 GRM, with approximately 70% rental upside based on area comps and renovated unit projections. Once stabilized, the property is projected to deliver an 11.98% market CAP and 6.35 GRM, offering a compelling long-term yield in a neighborhood that continues to benefit from county-led housing and infrastructure investments.

The expansive lot may also present an opportunity to add one or two ADUs (buyer to verify), unlocking additional income and increasing overall value. Located near schools, transit corridors, and job centers throughout South LA and the Gateway Cities region, the property benefits from consistent tenant demand and minimal vacancy risk.

For investors targeting a high-upside South LA multifamily property with strong bones, large lot size, and value-add potential through both renovation and expansion, 15615 S White Ave offers a well-rounded opportunity in one of LA County’s most accessible and active rental zones.