14921 S Cookacre Street

    Compton, CA 90221
    • $770,000
    • STATUS: Closed
    • ON SITE: 144 days
    • ID#: CV18152550
    Sold - 10/02/2018
    $770,000
    SOLD - 10/02/2018
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,952
      SQFT
    • $261
      $/SQFT
    Neighborhood:
    699 - Not Defined
    Type:
    Multi-Family
    Built:
    1931
    County:
    Los Angeles
    Area:
    699 - Not Defined

    School Ratings & Info

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    Description

    14921 S Cookacre Street, a six unit, non rent controlled building is located in unincorporated County of Los Angeles. Built in 1931, this well maintained and gated single story bungalow style property is situated on a 6,428 square foot lot zoned LCR2YY near the intersection of S Cookacre Street and E San Luis Street. Cookacre Street is a quiet tree-lined divided roadway surrounded by single family homes and smaller apartment complexes. The unit mix consists of all one-bedroom, one-bathroom units with six garages. Three of the units have outdoor patios. All the units are individually metered for electricity and gas. There are six garages in the rear of the property with direct access to the courtyard of the building.The asset offers stable income with potential to increase the rents by potentially 30%. HUD 2018 Fair Market Rents for this area are $1,284 and theaverage rents at the property are currently $1,000. Additional income can be derived from leasing the garages.

    Sold by Tim Steuernol of Nai Capital, Inc..

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-18T09:29:00.23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/85026401

    14921 S Cookacre Street Compton, CA 90221

    • Price: $930,000
    • Status: Closed
    • Updated: 19 min ago
    • ID#: CV18152550
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,952
    SQFT
    $261
    $/SQFT
    1931
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    14921 S Cookacre Street, a six unit, non rent controlled building is located in unincorporated County of Los Angeles. Built in 1931, this well maintained and gated single story bungalow style property is situated on a 6,428 square foot lot zoned LCR2YY near the intersection of S Cookacre Street and E San Luis Street. Cookacre Street is a quiet tree-lined divided roadway surrounded by single family homes and smaller apartment complexes. The unit mix consists of all one-bedroom, one-bathroom units with six garages. Three of the units have outdoor patios. All the units are individually metered for electricity and gas. There are six garages in the rear of the property with direct access to the courtyard of the building.The asset offers stable income with potential to increase the rents by potentially 30%. HUD 2018 Fair Market Rents for this area are $1,284 and theaverage rents at the property are currently $1,000. Additional income can be derived from leasing the garages.
    Exterior Features

    Garage Spaces 6.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.00 Community Features Urban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 72000.00 Gross Multiplier 12.92 Gross Scheduled Income 72000.00 Insurance Expense 1033.00 Land Lease YN No Laundry YN No Maintenance Expense 2400.00 Net Operating Income 45166.00 New Taxes Expense 12060.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 0 Operating Expense 24674.00 Other Expense 1500.00 Other Expense Description Reserves Professional Management Expense 2880.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 24674.00 Trash Expense 1200.00 Vacancy Allowance 2160 Water Sewer Expense 3600.00 Water Source Public Zoning Lcr2yy

    Listing provided courtesy of Tim Steuernol of Nai Capital, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-18T09:29:00.23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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