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Owner-User or Redevelopment Opportunity 2313-2319 S Hoover St 6,933 SF 100% Leased Retail Building Los Angeles, CA 90007 $2,600,000 ($375.02/SF)
Investment Highlights
- Retail Strip Center With 6 Units
- 1-Mile North of USC Campus
- Ideal for Owner/User or Redevelopment
- Heavy Traffic Signalized Corner Location
- Current Actual $148,800 Gross Annual Income With 2 Vacancies
Executive Summary
Excellent opportunity to acquire an approximately 6,933-square-foot retail storefront property comprising six units at the signalized northwest corner of Hoover Street and 24th Street. Offering strong potential for an owner-user or redevelopment project, the property currently generates approximately $148,800 in actual gross annual income with two units vacant, providing immediate upside potential. The site benefits from heavy traffic, exceptional visibility, prominent signage opportunities along two street frontages, shared on-site parking, and abundant street parking. Ideally located just three blocks south of the Santa Monica Freeway, seven blocks west of the Harbor Freeway, and approximately one mile north of the USC campus, this well-positioned property offers outstanding access and exposure in a central Los Angeles location.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$148,800
|
$21.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$148,800
|
$21.46
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $148,800 |
| Annual Per SF | $21.46 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $148,800 |
| Annual Per SF | $21.46 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
6,933 SF
Building Class
C
Year Built
1968
Price
$2,600,000
Price Per SF
$375.02
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.72
Lot Size
0.22 AC
Zoning
C2-1VL-HPOZ-CPIO - Commercial
Frontage
Amenities
- Corner Lot
- Freeway Visibility
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Cali Clouds
- Retailer
- -
- -
- Triple Net
- -
-
- Information
- -
- -
- -
- -
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- Pinero's Food Market
- Retailer
- -
- -
- -
- -
- Village Cobbler
- Wholesaler
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Cali Clouds | Retailer | - | - | Triple Net | - | |
|
|
Information | - | - | - | - | |
| Pinero's Food Market | Retailer | - | - | - | - | |
| Village Cobbler | Wholesaler | - | - | - | - |
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5055-020-001 | Improvements Assessment | $759,456 (2026) |
| Land Assessment | $640,583 (2026) | Total Assessment | $1,400,039 (2026) |
Property Taxes
Parcel Number
5055-020-001
Land Assessment
$640,583 (2026)
Improvements Assessment
$759,456 (2026)
Total Assessment
$1,400,039 (2026)
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