5842 S Hoover St | Los Angeles, CA 90044
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5842 S Hoover St
Los Angeles, CA 90044
9-u Built 1989&2022,Best apt in South Central · Multifamily Property For Sale
·
9 Units
Investment Highlights
- The BEST Apartment building in South Central! NEWER BUILT, NOT UNDER Los Angeles Rent Control
- Newer Built Property – Copper Plumbing, Newer Electrical + Roof + Sewer, No Parking soft-story retrofit is required.
- Priced to SELL at a HIGH STRONG Current CAP Rate of 5.69% and Low 12.81 GRM
- New ADU unit was completed in October 2022: NON-RENT CONTROLLED (not under Los Angeles and California rent control - buyer to verify)
- Excellent Unit Mix that includes (1) 3B + 2B, (1) 3B + 1B, (6) 2B + 1B, and (1) 1B+1B; Overparked building with 15 parking spaces.
- Located on a large lot of 9,833 SQFT (C2 zoning) providing a TOC Tier 2 Density Bonus.
Property Facts
| No. Units | 9 | Building Size | 6,728 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1989/2022 |
| Building Class | C | Parking Ratio | 2.23/1,000 SF |
| Lot Size | 0.23 AC | ||
| Zoning | C2 | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 6,728 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1989/2022 |
| Parking Ratio | 2.23/1,000 SF |
| Zoning | C2 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Ceiling Fans
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Tub/Shower
- Dining Room
- Double Pane Windows
Site Amenities
- Controlled Access
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
| 3+2 | 1 | - | - |
| 3+1 | 1 | - | - |
| 1+1 | 1 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,096,500 | |
| Land Assessment | $2,040,000 | Total Assessment | $3,136,500 |
Property Taxes
Parcel Numbers
Land Assessment
$2,040,000
Improvements Assessment
$1,096,500
Total Assessment
$3,136,500
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