15613-17 S. White Ave. is a six-unit value-add opportunity offered at $183,167 per unit, $216 per foot, 5.65% current CAP, and 10.83 current GRM. With approx. 70% rental upside, the property will stabilize at an 11.98% market CAP & 6.35 market GRM at projected market rents (based on renovated units). Situated on a 20,170 SF lot with plenty of parking spaces (mix of one-car garages, covered, and surface spaces), the property presents an opportunity to add one or two ADUs (buyer to verify). 15613-17 S. White is comprised of four structures featuring (6) 2-bdrm. units averaging approx. 850 SF. Several units feature private front yards.
(6) 2-Bdrm. Units @ 5.65% CAP & $183K PPU & $216 PPSF
15613 S. White Avenue, Compton
Property Details
Price $1,099,000
Year Built 1935
# of Units 6
Price P/ Unit $183,167
Sq. ft. 5,096 SF
Price p/ Sq. ft. $216
Current Cap Rate 5.65%
Proforma Cap Rate 11.98%
Lot Size 20,170 SF
Zoning LCR3YY
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About the Property
