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
27
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$4,195,000
Est. payment /mo
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10 Beds
15 Baths
6,709 SqFt
New

5926 S Hoover St Los Angeles, CA 90044

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Simply Vegas

Simply Vegas

+1(702) 608-0393

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,709 sqft

Price per Sqft $625

MLS Listing ID 25547103

Style Bungalow

Bedrooms 10

Year Built 1923

Lot Size 10,557 Sqft

Acres 0.2424

Property Sub-Type Multi-Family

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 Downtown L.A.

Zoning LAC2

Rooms

Other Rooms None

Interior

Heating Electric

Cooling Multi/Zone

Equipment Refrigerator, Range/Oven, Ceiling Fan, Microwave

Exterior

Parking Features None

Building

Story 1

Architectural Style Bungalow

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Global Platinum Properties, Inc.

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