NOT LISTED FOR SALE

14921 S Cookacre St Compton, CA 90221

East Compton Neighborhood
1 Bed
1 Bath
2,952 Sq Ft
1931 Built

Last Sold October 02, 2018

Last sale price $770,000 $261 Per Sq Ft

37 Days on Market

About This Home

As of October 2018

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 the
average rents at the property are currently $1,000. Additional income can be derived from leasing the garages.

Last Agent to Sell the Property

TIM STEUERNOL

NAI CAPITAL, INC. License #01742766 Listed on: 06/26/2018

Last Buyer's Agent

TIM STEUERNOL

NAI CAPITAL, INC. License #01742766 Listed on: 06/26/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • 6,428 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 6 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,952 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 116
  • Tax Tract Number 10377
  • Assessor Parcel Number 6195018031

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Insurance Expense $1,033
  • Maintenance Expense $2,400
  • Other Expense $1,500
  • Professional Management Expense $2,880
  • Trash Expense $1,200
  • Water Sewer Expense $3,600
  • New Taxes Expense $12,060
  • Operating Expense $24,674
  • Gross Income $72,000
  • Net Operating Income $45,166

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

0

Parking

6

Listing Details

  • CapRate: 5.00
  • Professional Management Expense: 2880.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3600.00
  • Zoning: LCR2YY
  • Property Type: Residential Income
  • Parcel Number: 6195018031
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 260.84

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6428.00

Multi Family

  • Gross Income: 72000.00
  • Gross Multiplier: 12.92
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 1033.00
  • Maintenance Expense: 2400.00
  • Net Operating Income: 45166.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Total: 6
  • Operating Expense: 24674.00
  • Other Expense: 1500.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Expenses: 24674.00

Tax Info

  • New Taxes Expense: 12060.00
  • Tax Census Tract: 5421.03
  • Tax Lot: 116
  • Tax Tract Number: 10377

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2018 10/02/18 Sold $770,000 -17.2% $261 / Sq Ft
09/18/2018 09/18/18 Price Changed $930,000 -6.9% $315 / Sq Ft
08/22/2018 08/22/18 Price Changed $999,000 -4.9% $338 / Sq Ft
06/26/2018 06/26/18 For Sale $1,050,000 -- $356 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    TIM STEUERNOL

    NAI CAPITAL, INC.

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18152550

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Compton 90221 East Compton

14921 S Cookacre St, Compton, CA

Not Listed for Sale

MultiFamily

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