15412 S Atlantic Ave, Compton, CA 90221
15412 S Atlantic Ave, Compton, CA 90221
15412 S Atlantic Ave, Compton, CA 90221
15412 S Atlantic Ave, Compton, CA 90221
15412 S Atlantic Ave, Compton, CA 90221
15412 S Atlantic Ave, Compton, CA 90221
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$ 1,000,000
Est. payment | /mo

6 Beds

6 Baths

2,140 SqFt


Save
$ 1,000,000
Est. payment | /mo
Save

6 Beds

6 Baths

2,140 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,140 sqft

Price per Sqft $467

MLS Listing ID 26650167

Style Bungalow

Bedrooms 6

Year Built 1952

Lot Size 4,926 Sqft

Acres 0.1131

Property Sub-Type Multi-Family

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 Compton S Of Rosecrans, E Of Alameda

Zoning LCC3*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment Refrigerator, Range/Oven

Exterior

Parking Features Driveway

Garage Spaces 5.0

Building

Story 1

Architectural Style Bungalow

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

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15412 S Atlantic Ave