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15412 S Atlantic Avenue Compton, CA 90221
2,140 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,140 sqft
Price per Sqft $443
MLS Listing ID CL26106379
HOA Y/N No
Year Built 1952
Lot Size 4,926 Sqft
Acres 0.1131
Property Sub-Type Other
Property 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.
Location
State CA
County Los Angeles
Zoning LCC3*
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Building
New Construction No
Others
Tax ID 6180016009
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Listed by Brandon Evans • Lyon Stahl Investment Real Estate, Inc.