4532 S Hoover St
Los Angeles, CA 90037
Retail Property For Sale

Marcus & Millichap is pleased to present a unique adaptive work/live loft property with retail component located at 4532 South Hoover Street in Los Angeles, California, 90037. The property consists of a 2,800± SF building on a 4,278± SF lot originally built in 1924. The property was fully renovated in 2016 and now features contemporary detail work and finishes throughout. The site now benefits from the full kitchen with integrated hood, tiled restroom with shower, upgraded lighting, roll up windows, secure gated parking and custom spiral staircase leading upstairs to a private living area with hardwood floors. The property is currently being used as a workshop/office and features two separate retail components with roll up windows which access Hoover Street. The location and build-out of the property lend it well to a multitude of uses such as retail, owner-user, office or even a potential redevelopment play. The property is zoned LAC2 - which is the same as R4 when used for a Residential purpose (buyer to verify). Located just south of Exposition Park, the property features frontage on South Hoover Street in one of the most up and coming areas in all of Los Angeles. For the first time in decades, major development projects are underway in South Los Angeles. Most prominently, a huge NFL stadium is under construction and it will be surrounded by a planned community made up of thousands of new homes. But the development wave doesn’t stop there. New restaurants, grocery stores, and shops are in the pipeline for neighborhoods from West Adams to Watts. Some additional notable nearby developments are the Banc of California Stadium, Vermont-Manchester mixed use project, Hollywood Park, Clippers Arena, and the Lucas Museum of Narrative Arts. The subject property is in close proximity to University Park, USC, Los Angeles Trade Tech and Downtown.