5842 Hoover

  • $3,375,000
For Sale Los Angeles, USC Adjacent
5842 Hoover St Los Angeles, CA 90044
Exterior of 5842 South Hoover Street Exterior of 5842 South Hoover Street Exterior of 5842 South Hoover Street Exterior of 5842 South Hoover Street Exterior of 5842 South Hoover Street Exterior of 5842 South Hoover Street Exterior of 5842 South Hoover Street Parking area of 5842 South Hoover Street Parking area of 5842 South Hoover Street Exterior of 5842 South Hoover Street Exterior of 5842 South Hoover Street Parking area of 5842 South Hoover Street Parking area of 5842 South Hoover Street Aerial shot of 5842 Hoover Street Aerial shot of 5842 Hoover Street Aerial shot of 5842 Hoover Street kitchen of 5842 Hoover Street Interior kitchen and dining room of 5842 Hoover Street Living room of 5842 Hoover Street Entrance & living room of 5842 Hoover Street In-unit washer & dryer and bathroom of 5842 Hoover Street Aerial shot of 5842 Hoover Street Aerial shot of 5842 Hoover Street Aerial shot of 5842 Hoover Street Aerial shot of 5842 Hoover Street
  • Multifamily
  • Property Type
  • 9
  • Number of Units
  • 5.26
  • Cap Rate
  • 13.91
  • GRM
  • $375,000
  • Price/Unit

Overview

  • Multifamily
  • Property Type
  • 9
  • Number of Units
  • 5.26
  • Cap Rate
  • 13.91
  • GRM
  • $375,000
  • Price/Unit

Description

Non-LA rent controlled, fully remodeled turnkey property consists of 9 units including one newly constructed ADU.

Will be delivered fully leased at market rents. This gives the property an unbelievable 13.91 GRM and 5.26% cap rate with current income!

Asking Price: $3,375,000

📍5842 Hoover St, Los Angeles, CA 90044

Details:

  • All units not under LA city rent control (subject to AB 1482 – buyer to confirm)
  • Great unit mix of six 2BR units, two 3BR units, and one 1BR brand new stand alone unit
  • All units fully remodeled with new floors, appliances, and washer/dryer in unit
  • Property has plenty of parking for residents or space for future development
  • Adjacent to USC and near the new SoFi Stadium
  • Easy access by the 10, 110 Freeways as well as the silver line and “coming-soon” Metro Crenshaw/LAX Line

 

Perfect for the discerning investor in a 1031 exchange, or looking for an easy, turnkey non-LA rent controlled investment.

*Click HERE for more details*

Please reach out to Will Tiao at (323) 363-1096 or email will@tiaoproperties.com for more information.

Details

  • Property Type: Multifamily
  • Property Status: For Sale
  • Property Size: 6644 Sq Ft
  • Lot Size: 9833 Sq Ft
  • Bedrooms: 19
  • Bathrooms: 10
  • Year Built: 1954
  • Price: $3,375,000
  • Number of Units: 9
  • Price/Unit: $375,000
  • GRM: 13.91
  • Price/SqFt: $507.98
  • CAP: 5.26
  • Address 5842 Hoover St
  • City Los Angeles
  • State/county California
  • Zip/Postal Code 90044
  • Area USC Adjacent

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