15615 S White Avenue, Compton, CA 90220
About the Property
15615 S White Avenue is a six-unit multifamily property located in a low-density residential pocket of Compton, offering a rare combination of all two-bedroom units, a large 20,170 SF lot, and substantial rental upside. The property is positioned on a quiet street with convenient access to major north-south corridors, providing connectivity throughout South Los Angeles and the greater Los Angeles Basin.
The surrounding area has experienced steady rental demand driven by affordability relative to neighboring submarkets and limited new multifamily supply. Properties with larger unit sizes and outdoor space have historically performed well in this portion of Compton, particularly when renovated to market standards.
All Two-Bdrm Unit Mix Across Multiple Structures
Built across four separate structures, 15615 S White Avenue consists of six two-bedroom, one-bathroom units averaging approximately 850 SF each. The unit mix is well-aligned with long-term tenant demand, offering functional layouts and livable square footage that support both retention and future rent growth.
Several units feature private front yard areas, a differentiating characteristic that enhances livability and appeal compared to competing assets in the submarket. The multiple-building configuration also provides operational flexibility and a more residential feel than a traditional single-structure apartment layout.
5.65% Current CAP With Approx. 70% Rental Upside
15615 S White Avenue is offered at a 5.65% current CAP rate and a 10.83 GRM on in-place income, with approx. 70% rental upside relative to renovated comparables in the immediate area. The property is priced at approximately $183,167 per unit and $216 per square foot, positioning it competitively within the South Los Angeles value-add landscape.
At projected market rents, the property is expected to stabilize at an approximately 11.98% CAP rate and a 6.35 GRM, offering a clear path to meaningful income growth through a renovation-driven repositioning strategy.
Large Lot With Abundant Parking and ADU Optionality
Situated on a 20,170 SF lot, 15615 S White Avenue features abundant on-site parking consisting of a mix of one-car garages, covered parking, and surface spaces. The scale of the lot and existing site layout may support the addition of one or two accessory dwelling units, subject to buyer verification of zoning, setbacks, and development feasibility.
Conclusion: South LA Value-Add Asset With Scale and Upside
15615 S White Avenue presents a six-unit value-add opportunity anchored by an all two-bedroom unit mix, a large 20,170 SF lot, and substantial rental upside. With strong current income, a clearly defined renovation path, abundant parking, and potential ADU development optionality, the property offers investors a compelling opportunity to acquire scale, yield, and long-term flexibility in South Los Angeles.
Marketing Package:
Property Location
Sold Price
$1,065,000
Information
Number of Units
Price per. Unit
Bldg. Size
Price per Foot
Lot Size
Year Built
Current CAP
5.65%
Market CAP
Zoning
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