1200 S Hoover St | Los Angeles, CA 90006
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- LoopNet Team
1200 S Hoover St
Los Angeles, CA 90006
Hoover Apartments · Multifamily Property For Sale
·
67 Units
Investment Highlights
- Excellent value-add investment opportunity with strong cash flow and substantial upside potential.
- Additional income being generated from on-site laundry and storage.
- Opportunity to increase revenue by implementing a RUBS program to charge back for utilities.
- Desirable unit mix of (63) studios, (4) 1+1 all separately metered for electricity.
- Property features controlled access, storage, well-designed units, and outdoor seating area.
- Adjacent property at 1209 S Lake & 2210 W 12th St is also for sale (94 Units & 6,000 SF Parking Lot).
Property Facts
| No. Units | 67 | Lot Size | 0.30 AC |
| Property Type | Multifamily | Building Size | 41,172 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | B | Year Built | 1924 |
| Zoning | R4-1 | ||
| No. Units | 67 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.30 AC |
| Building Size | 41,172 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1924 |
| Zoning | R4-1 |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Walk-In Closets
Site Amenities
- Controlled Access
- Laundry Facilities
- Security System
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 63 | - | 600 |
| 1+1 | 4 | - | 800 |
Property Taxes
| Parcel Number | 5136-025-001 | Improvements Assessment | $2,888,923 |
| Land Assessment | $1,884,081 | Total Assessment | $4,773,004 |
Property Taxes
Parcel Number
5136-025-001
Land Assessment
$1,884,081
Improvements Assessment
$2,888,923
Total Assessment
$4,773,004
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