15412 S Atlantic Ave

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.

This home located at 15412 S Atlantic Ave is currently active and has been available on pardeeproperties.com for 137 days. This property is listed at $950,000. It has 6 beds and 6 bathrooms. The property was built in 1952. 15412 S Atlantic Ave is in the Compton S of Rosecrans, E of Alameda community of Los Angeles County.

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