CA > Los Angeles
Los Angeles, CA 90044,5926 S Hoover ST
Los Angeles, CA 90044,5926 S Hoover ST
Los Angeles, CA 90044,5926 S Hoover ST
Los Angeles, CA 90044,5926 S Hoover ST
Los Angeles, CA 90044,5926 S Hoover ST
Los Angeles, CA 90044,5926 S Hoover ST
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Thomas Ryan

Thomas Ryan

+1(909) 334-2049
$ 4,195,000
Est. payment | /mo

10 Beds

15 Baths

6,709 SqFt

Save
$ 4,195,000
Est. payment | /mo
Save

10 Beds

15 Baths

6,709 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,709 sqft

Price per Sqft $625

MLS Listing ID 25547103

Bedrooms 10

HOA Y/N No

Year Built 1923

Lot Size 10,558 Sqft

Property Description

15-unit building with 12 Gut-Renovated & Brand New Units cash flowing at an amazing 6.25% Cap Rate and 11.5 GRM from day 1. The units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, 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 upside to 9% Cap Rate & 8.4 GRM on the proforma. Preliminary plans to convert the 2 existing detached ADUs into 6 detached ADUs (4 additional) to improve the numbers even further. 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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAC2

Interior

Interior Features Ceiling Fan(s)

Heating Electric

Fireplace No

Appliance Microwave, Refrigerator

Exterior

Parking Features None

Building

Story 1

Entry Level One

Architectural Style Bungalow

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6004031040

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Armin Soleimani • Global Platinum Properties, Inc.
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(909) 334-2049

thomas@thomasryan.realestate

4016 Grand Ave Suite A # 1082, Chino, CA, 91710, United States

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5926 S Hoover ST