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$1,589,000

Beds
Unknown
sq ft
2,415

1702 S Hoover St, Los Angeles, CA 90006

1702 S Hoover St

Los Angeles, CA 90006

  • 1155 days on market
Welcome to 1702 S. Hoover Ave. A wonderful property suitable for mixed-use office/retail building, located in the up and coming Pico-Union neighborhood, this property offers a unique ability to occupy a building near the rapidly improving DTLA, Korea Town, and USC, This two-story, 4 Unit, 2415 Sqft building is located on a 5,288 Sqft. Lot, Built-in 2002, Solid steel construction with top materials, this building features beautiful architectural elements to the facade, large open areas ideal for creative office/retail, The property benefits from a large parking lot in the rear of the building able to house up to 8 cars, 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. Here's your unique opportunity to own a piece of Los Angeles aside from being located in a prime location of LA due to its proximity to DTLA & all that this economic powerhouse has to offer.

Details

Property type

Lot size

5,288 sq ft

Price per sq ft

$658

Year built

2002

Price History

03/31/2023
CLAW

CLAW #21726566

Listed
$1,589,000

Schools & Community

Neighborhood: 

Pico-Union

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jpmorgan Chase Bank Na

Loan start date

January 2024

Original loan amount

$450,000

Est. remaining balance

Not provided

Interest rate

6.95%

Loan type

Commercial

Seller

Dr Joo Property Management Llc

Lender

California Statewide Certified Developme

Loan start date

January 2024

Original loan amount

$463,000

Est. remaining balance

Not provided

Interest rate

7.29%

Loan type

SBA Participation Trust Deed

Seller

Dr Joo Property Management Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/01/2024 at 7:35 AM

Listing updated: 02/16/2024 at 10:14 AM

Listed by: Claudia Hansen, Rodeo Realty Phone #: (818) 761-7222

MLS: CLAW #21726566

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