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$4,125,000
24 Days Online

5930 S Hoover
Los Angeles, CA 90044

For Sale|Mixed Use|Active
0
Beds
0
Full Baths
0
Partial Baths
6,709
SqFt
$615
/SqFt
1923
Built
County:
Los Angeles
Listed by Jorge Lopez of Realty One Group United [email protected]

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310-902-7214
5930 S Hoover5930 S Hoover5930 S Hoover5930 S Hoover
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80% Vacant & Renovated 15-unit building with 12 vacancies cash flowing at an amazing 6.3% Cap Rate and 11.5 GRM from day1. 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, 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 9.4% Cap Rate & 8.3 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.

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Listing Snapshot
Price 
$4,125,000
Days Online 
24 Days
Bedrooms 
N/A
Inside Area (SqFt) 
6,709 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2423 Acres
Year Built 
1923
MLS® Number 
DW24198319
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoStatus changed to Active
3 weeks agoListing first seen online
3 weeks agoListing updated with changes from the MLS®
General Features
Acres 
0.2423
Number Of Stories 
1
Parking 
On Street
Property Sub Type 
Mixed Use
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
6709
Water Source 
Public
Interior Features
Laundry Features 
None
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Exterior Features
Pool Features 
None
Community Features
Community Features 
Sidewalks
Financing Terms Available 
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MLS Area 
C37 - Metropolitan South


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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