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.
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Listing Courtesy ofNAI CAPITAL, INC.