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5914 S Hoover Street

Los Angeles (City), CA 90044
  • $1,270,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: SB21239666
Price Reduced
UPDATED: 43 min ago
$1,270,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Listing Agent: Josh Cohen of Keller Williams Beach Cities


Description

We are proud to present our latest investment opportunity located at 5914 S. Hoover Street. This 6 unit property features compelling rental upside of almost 100%, making this an excellent property for a short or long-term investor! The building is individually metered for gas and electricity, and features ample parking for tenants. The great unit mix is comprised of all 2 Bedroom units, and is located in an incredibly strong LA rental sub-market. The neighborhood is very walkable with a walk score of 82 and is close to plenty of transit options, schools, stores, etc.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T18:25:55.747. 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 | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/122939132
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5914 S Hoover Street Los Angeles (City), CA 90044

  • Price: $1,270,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 43 min ago
  • ID#: SB21239666
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1957
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
We are proud to present our latest investment opportunity located at 5914 S. Hoover Street. This 6 unit property features compelling rental upside of almost 100%, making this an excellent property for a short or long-term investor! The building is individually metered for gas and electricity, and features ample parking for tenants. The great unit mix is comprised of all 2 Bedroom units, and is located in an incredibly strong LA rental sub-market. The neighborhood is very walkable with a walk score of 82 and is close to plenty of transit options, schools, stores, etc.
Exterior Features

Lot Features Street Level Number Of Separate Electric Meters 6 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 3.51 Common Interest None Community Features SidewalksUrban Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 85444 Gross Scheduled Income 85444 Insurance Expense 0 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 44551 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 39611 Other Expense 39611 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lac2



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T18:25:55.747. 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 | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: Josh Cohen of Keller Williams Beach Cities