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$3,995,000

Beds
Unknown
sq ft
Unknown

5930 S Hoover St, Los Angeles, CA 90044

5930 S Hoover St

Los Angeles, CA 90044

  • 20 days on market
Huge 400k Price Reduction! 15-unit building with 12 Gut-Renovated & Brand New Units cash flowing at an amazing 6.5% Cap Rate and 11.1 GRM from day 1. The units (3 vacant) 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 9.7% Cap Rate & 8 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.

Details

Property type

Mixed Use

Lot size

0.2423 acres

Price per sq ft

Unknown

Year built

1923

Price History

12/03/2024
CRMLS

CRMLS #DW24243430

Listed
$3,995,000
-3.15%
09/24/2024
CRMLS

CRMLS #DW24134396

Removed
$4,125,000
08/19/2024
CRMLS

CRMLS #DW24134396

Price change
$4,125,000
-0.6%

Schools & Community

Neighborhood: 

South Los Angeles

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

Status: Active

Tomo last checked: 12/22/2024 at 10:50 PM

Listing updated: 12/04/2024 at 7:35 PM

Listed by: Jorge Lopez, Realty One Group United Phone #: (562) 228-4900

MLS: CRMLS #DW24243430

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