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$ 1,000,000
Est. payment /mo
Active
15412 S Atlantic AVE Compton, CA 90221
6 Beds
6 Baths
2,140 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,140 sqft
Price per Sqft $467
MLS Listing ID 26650167
Bedrooms 6
HOA Y/N No
Year Built 1952
Lot Size 4,926 Sqft
Property Description
We are pleased to present 15412 S Atlantic Avenue, a 6 unit investment opportunity not subject to LA RSO in Compton, CA. The property is comprised of six bungalow-style totaling 2,140 SF with a unit mix of all (5) 1 Bed / 1 Bath units and (1) Studio. There are currently (5) Section 8 tenants in-place: 1 Bed/ 1 Bath units ranging from $1,486 - $1,800. The remaining Studio is currently rented below market at $954. HACLA voucher payment standard for city of Compton is currently $2,172 for 1 bedroom units and $1,920 for Studios. The property will be delivered fully occupied with a gross monthly income of $8,867.32, or $106,408 annually. The opportunity yields a 6.53% Cap Rate on current income (9.40 GRM) with approximately 20% rental upside to market and 44% to HACLA payment standard. 15412 S Atlantic Ave is located in East Compton, just west of the 710 freeway with convenient access to Long Beach, South Bay, Cal State Dominguez Hills / Dignity Health Sports Park, and local national grocers / retailers.
Location
State CA
County Los Angeles
Area Ro - Compton S Of Rosecrans, E Of Alameda
Zoning LCC3*
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Driveway
Total Parking Spaces 5
Building
Story 1
Entry Level One
Architectural Style Bungalow
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6180016009
Special Listing Condition Standard
Listed by Brandon Evans Lyon Stahl Investment Real Estate, Inc. #02058494