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.