15220 South White Avenue

Compton, CA 90221

$995,000
Last Sold Price
8
Beds
4
Baths
3,016 Sq. Ft.
$330 / Sq. Ft.
3,016
Sq. Ft.
$330
per Sq. Ft.

Description

New price! 6.26% CAP RATE on Current Rents! We are pleased to exclusively offer for sale this 4-Unit investment property located in the city of Compton. The property consists of all 2-Bedroom/1-Bathroom units. Tenants enjoy onsite covered parking as well as gated entryways. While the units are separately metered for electricity and gas, the owner also charges back the tenants for water and trash through a RUBS system which charges back the tenants for those utilities as well. This quadplex is located...New price! 6.26% CAP RATE on Current Rents! We are pleased to exclusively offer for sale this 4-Unit investment property located in the city of Compton. The property consists of all 2-Bedroom/1-Bathroom units. Tenants enjoy onsite covered parking as well as gated entryways. While the units are separately metered for electricity and gas, the owner also charges back the tenants for water and trash through a RUBS system which charges back the tenants for those utilities as well. This quadplex is located in a neighborhood with primarily single-family residences. The property currently boasts a Cap Rate of 6.26%, much higher than the average in the area, and provides significant upside for the next investor.
  1. Listed by KRISTOPHER GERMAN • DRE #01800021 • Brokerage DRE #01264629 • RE/MAX 2000 REALTY • 909-645-0443

Property Details for 15220 South White Avenue

Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3016
Assessor Parcel Number
6180-013-015
Property Attached YN
true

Location

Listing Courtesy of RE/MAX 2000 REALTY, KRISTOPHER GERMAN, DRE #01800021

Sold By VIP Real Estate Firm, Rene Luna, DRE #01816981

Add your commute
LISTING UPDATED: 05/19/2023 06:17 AM

Property Details for 15220 South White Avenue

StatusClosed
MLS #CV23029055
Days on Market34
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.11 AC / 4,872 SF
CountyLos Angeles County

Location

Listing Courtesy of RE/MAX 2000 REALTY, KRISTOPHER GERMAN, DRE #01800021

Sold By VIP Real Estate Firm, Rene Luna, DRE #01816981

Add your commute

Building Information for 15220 South White Avenue

Stories-Residences-Year Built1960Building Size-Lot Size0.11 AC / 4,872 SF

Payment Calculator

$6,034 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,430

Property Taxes

$604

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 15220 South White Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $86,217
  • Gross Scheduled Income: $86,217
  • Vacancy Allowance: 2640
  • Gross Operating Income: $83,631
  • Net Operating Income: $62,334
  • Other Income Description: Utility Charge Backs
  • Other Income 1: $2,640
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $21,297
  • New Taxes Expense: $11,657
  • Fuel Expense: $0
  • Electric Expense: $471
  • Insurance Expense: $1,508
  • Maintenance Expense: $4,311
  • Other Expense: $600
  • Other Expense Description: Reserves
  • Trash Expense: $650
  • Water Sewer Expense: $2,100
  • Total Expenses: $21,297
Tax / Assessment Info
  • Tax Block: A
  • Tax Tract Number: 6743
  • Tax Census Tract: 5421.06
  • CFD/Mello-Roos Fee: $1,936
  • Tax Lot: 17
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 0
  • Carport Spaces: 4
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,995
  • Unit Type Total Rent: $1,995
  • Unit Type Pro Forma: 1995
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,995
  • Unit Type Total Rent: $1,995
  • Unit Type Pro Forma: 1995
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,606
  • Unit Type Total Rent: $1,606
  • Unit Type Pro Forma: 1995
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,368
  • Unit Type Total Rent: $1,368
  • Unit Type Pro Forma: 1995
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 15220 South White Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 15220 South White Avenue

Taxable ValueLand$138,551Additions$309,504Total$448,055
Tax Record2023$7,249 ($604 / month)
Home Facts
Total Finished SqFt3,016 SqFtAbove Grade Finished SqFt3,016 SqFtLot Size4,872 SqFtStyleQuadraplexYear Built1960ZoningLCR3*CountyLOS ANGELESAPN6180-013-015

Schools near 15220 South White Avenue

This home is within Compton Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Clinton, William Jefferson School
PublicK to 8

Roosevelt Middle School
Public6 to 8

Dominguez High School
Public9 to 12

Lifeline Education Charter School
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX 2000 REALTY, KRISTOPHER GERMAN, DRE #01800021

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.