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.
Sold for $995,000 on 05/19/23
Listing Provided by:
Kristopher German DRE #01800021 909-645-0443,
RE/MAX 2000 REALTY
Bought with: VIP RE Firm
$995,000
15220 S White Ave, Compton, CA 90221
8beds
4baths
3,016sqft
Quadruplex
Built in 1960
-- sqft lot
$1,018,500 Zestimate®
$330/sqft
$2,271 Estimated rent
Home value
$1,018,500
$906,000 - $1.14M
$2,271/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 19, 2023 at 01:17pm
Listing Provided by:
Kristopher German DRE #01800021 909-645-0443,
RE/MAX 2000 REALTY
Bought with:
Rene Luna, DRE #01816981
VIP RE Firm
Source: CRMLS,MLS#: CV23029055
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,016
- Total interior livable area: 3,016 sqft
Property
Parking
- Total spaces: 4
- Parking features: Assigned
- Carport spaces: 4
Features
- Pool features: None
Lot
- Size: 4,872 sqft
- Features: 2-5 Units/Acre
Details
- Parcel number: 6180013015
- Zoning: LCR3*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Gutter(s), Sidewalks
Location
- Region: Compton
HOA & financial
Other financial information
- Total actual rent: 6698
Other
Other facts
- Listing terms: Cash,Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 8/3/2024 | Listing removed | -- |
Source: Zillow Rentals | ||
| 7/3/2024 | Listed for rent | $2,100$1/sqft |
Source: Zillow Rentals | ||
| 5/19/2023 | Sold | $995,000$330/sqft |
Source:  CRMLS #CV23029055 | ||
| 4/26/2023 | Pending sale | $995,000$330/sqft |
Source: CRMLS #CV23029055 | ||
| 4/10/2023 | Price change | $995,000-5.2%$330/sqft |
Source: CRMLS #CV23029055 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,500 +1.9% | $1,035,198 +2% |
| 2024 | $14,232 +96.3% | $1,014,900 +126.5% |
| 2023 | $7,249 +6.3% | $448,055 +2% |
Find assessor info on the county website
Neighborhood: East Compton
Nearby schools
GreatSchools rating
- 7/10Clinton, William Jefferson SchoolGrades: K-8Distance: 0.7 mi
- 6/10Dominguez High SchoolGrades: 9-12Distance: 0.8 mi
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Estimated market value
$1,018,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,018,500