15412 S Atlantic AvenueCompton, CA 90221

Description

We are pleased to present 15412 S Atlantic Avenue, a 6 unit investment opportunity in East 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 (4) 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. The property will be delivered with one (1) vacancy with a projected gross monthly income of $9,119, or $109,432 annually. The opportunity yields a 7.52% Cap Rate on current income (8.68 GRM) with remaining rental upside potential. 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. Compton, California is a centrally located city in southern Los Angeles County, approximately 12 miles south of Downtown Los Angeles, offering strong accessibility to major employment centers throughout the region. Often referred to as the "Hub City," Compton benefits from proximity to key transportation corridors including the I-710, I-105, and SR-91 freeways, as well as Metro A Line (Blue Line) light rail service connecting residents to Downtown LA and Long Beach.

Property Information

Property type

Residential Income

Style

Bungalow

Year built

1952

Stories

1

Living area

2,140 Sq Ft

Lot size

0.11 acres

Parking spaces

5

Zoning

LCC3*

Days on market

4

MLS^® Listing#

26106379

Property Features

Appliances

Refrigerator

Cooling

Wall/Window Unit(s)

Heating

Wall Furnace

Parking

Driveway

Financial Details

HOA

None

Parcel number

6180016009

Directions

East Compton