For Sale 5842 Hoover St Los Angeles, CA 90044
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
đź“Ť5842 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.
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
Open on Google Maps- Address 5842 Hoover St
- City Los Angeles
- State/county California
- Zip/Postal Code 90044
- Area USC Adjacent
