1702 S Hoover Street

    Los Angeles (City), CA 90006
    • $1,749,500
    • STATUS: Active
    • ON SITE: 57 days
    • ID#: 20551732
    UPDATED: 50 min ago
    $1,749,500
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2002
    County:

    School Ratings & Info

    Description

    This is an amzaing opportunity in one of the HOTTEST up and coming neighborhoods. Just outside of Korea town minutes away from USC and Downtown LA. You are at the EPICENTER of renters paradise. With 3 of the units available an investor can purchase a cash flowing asset or prepare for redevelopment. In one of the densist neighborhoods in Los Angeles with high demand for quality units. Zoning is C1-1 Tier 2, WITH NO HEIGHT RESTRICTION, perfect for any Investor or Developer, looking to maximize density and looking to build more units. In the mean time projected rent is $10,000 per month with appreciation potentntial as the neighborhood continues to improve! DONT MISS OUT ON ONE OF THE HOTTEST REVITALIZATIONS IN LOS ANGELES.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-04T09:35:17.297. 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/102996286

    1702 S Hoover Street Los Angeles (City), CA 90006

    • Price: $1,749,500
    • Status: Active
    • Updated: 50 min ago
    • ID#: 20551732
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    2002
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    This is an amzaing opportunity in one of the HOTTEST up and coming neighborhoods. Just outside of Korea town minutes away from USC and Downtown LA. You are at the EPICENTER of renters paradise. With 3 of the units available an investor can purchase a cash flowing asset or prepare for redevelopment. In one of the densist neighborhoods in Los Angeles with high demand for quality units. Zoning is C1-1 Tier 2, WITH NO HEIGHT RESTRICTION, perfect for any Investor or Developer, looking to maximize density and looking to build more units. In the mean time projected rent is $10,000 per month with appreciation potentntial as the neighborhood continues to improve! DONT MISS OUT ON ONE OF THE HOTTEST REVITALIZATIONS IN LOS ANGELES.
    Exterior Features

    Lot Size Units Square Feet Parking Features Gated Parking YN Yes

    Interior Features

    Cooling None Cooling YN No Heating None Heating YN No

    Property Features

    Gross Income 110000.00 Gross Multiplier 16.17 Gross Operating Income 105621.00 Net Operating Income 77300.00 Senior Community YN No Special Listing Conditions Standard Zoning Lac1

    Listing provided courtesy of Cristina Guzman of Jp Investment Real Estate Group and John C. Pak of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-04T09:35:17.297. 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

     
    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003