5930 S Hoover, Los Angeles, CA 90044
-
Listed Price :
$3,995,000
-
Beds :
N/A
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Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1923
Property Description
Huge 400k Price Reduction! 15-unit building with 12 Gut-Renovated & Brand New Units cash flowing at an amazing 6.5% Cap Rate and 11.1 GRM from day 1. The units (3 vacant) have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, stainless steel appliances, as well as major exterior capital improvements. On top of that, the major systems have been updated including brand new roofs, electrical, plumbing, HVAC, etc. and even a brand-new fire sprinkler system for all the units that will save you tons of money on insurance costs in California! Amazing 39% upside to 9.7% Cap Rate & 8 GRM on the proforma. Excellent up and coming location minutes from Banc of California Stadium, USC, & Inglewood. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency. Large ~10,554 SF TOC Tier 3 lot zoned C2 with future redevelopment potential.
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
5930 S Hoover |
| City |
Los Angeles |
| State |
CA |
| Zip |
90044 |
| County |
Los Angeles |
| Listing Agent |
Jorge Lopez DRE #01220063 |
| Courtesy Of |
Realty One Group United |
| List Price |
$3,995,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Mixed Use |
| Structure Size |
N/A |
| Lot Size |
10,554 |
| Year Built |
1923 |
Listing information courtesy of: Jorge Lopez, Realty One Group United. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 21st, 2024 at 11:32 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
