About The Property

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).


Price $1,085,000

City South LA

Sq. ft. 5,096

Current CAP 5.73%

Proforma CAP 12.05%

Price p/ Sq. ft. $213


Our latest South LA closing featured (6) 2-bdrm. units, with approx. 70% rental upside, located on a 20,170 SF lot with ADU potential. 15613 S. White offered significant potential and, at projected market rents, would stabilize at a 11.98% market CAP & 6.35 market GRM. This listing was a referral from a residential agent, Christelle Masi of KW Santa Monica, who had closed a transaction with Kenny Stevens nearly a decade ago.


Our team listed the property in early January and started the marketing campaign with significant interest. Having sold 8 South LA properties in the last 15 months, Max has an in-depth understanding of South LA’s current investment landscape, and generated nearly 15 offers on the property. Ultimately, we identified a local investor who closed in 14 days. Given current market conditions, the Seller and referring agent were thrilled that Kenny Stevens Team got the job done in 45 days.

Speaking for myself and everyone involved, you were absolutely the best broker we could have selected to market our portfolio. You found an incredible buyer and were able to guide us through so many challenges, including a global pandemic, and secured us a price beyond our expectations.

- Seller (60 Units by The Grove)

“I cannot say enough great things about KST. They take care of you, they have the connections needed, and they get the job done! We were amazed at how quickly our sale went through during the COVID pandemic.”

- Seller (4 Units in Beverly Grove)

“It was truly a pleasure working with Kenny. He is professional, honest, hardworking and most importantly did what he said he would. Kenny sold the property at list price in less than 60 days from start to finish.”

- Seller (Beachfront Generational Asset in Playa del Rey)