1620 S Hoover St
Los Angeles, CA 90006
Retail Property For Sale

Hoover & Venice: Corner Retail / Possible Medical REDUCED BY $100,000! Situated eight short blocks from Staples Center and the L.A. Convention Center in Downtown L.A., this freestanding single or double tenant building is ideally suited for an owner-user or investor seeking a retail repositioning opportunity. The asset is located adjacent to the southeast corner of Hoover Street and Venice Boulevard, where over 68,000 cars pass by on a daily basis. The property is located in a state enterprise zone, which would allow medical use with only 2 parking spaces per 1,000 square feet of building size. Built in 1983 of concrete block construction, this 1,968 square foot building is currently divided in two roughly equally sized spaces, a barber shop occupied by the owner and a church paying $1,200/month on a month-to-month basis. There are 5-6 secured parking spaces. A qualified owner-user could obtain up to 90% Small Business Administration (SBA) financing. Contact listing agents for further details. Do not disturb occupants. Southeast corner of Hoover Street and Venice Boulevard near Downtown Los Angeles.