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5926 S Hoover St
Los Angeles, CA 90044
Price Reduced! 15 Units 7.8% Cap Rate Day 1 · Multifamily Property For Sale
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15 Units
Investment Highlights
- 7.8% Cap Rate and 9.5 GRM from day one.
- New fire sprinkler system reduces insurance costs in California.
- Plans to convert 2 existing detached ADUs into 6 for further upside (4 additional)
- New roofs, electrical, plumbing, HVAC systems, and a fire sprinkler system.
- Potential for 11.1% Cap Rate and 7.0 GRM.
Property Facts
| No. Units | 15 | Lot Size | 0.24 AC |
| Property Type | Multifamily | Building Size | 6,709 SF |
| Property Subtype | Apartment | Average Occupancy | 97% |
| Apartment Style | Low-Rise | No. Stories | 1 |
| Building Class | C | Year Built | 1923 |
| Zoning | C2 - Large ~10,554 SF TOC Tier 3 lot zoned C2 with future redevelopment potential. | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 6,709 SF |
| Average Occupancy | 97% |
| No. Stories | 1 |
| Year Built | 1923 |
| Zoning | C2 - Large ~10,554 SF TOC Tier 3 lot zoned C2 with future redevelopment potential. |
Amenities
Unit Amenities
- Hardwood Floors
- Patio
Site Amenities
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
| 1+1 | 10 | - | - |
Property Taxes
| Parcel Number | 6004-031-040 | Improvements Assessment | $262,472 |
| Land Assessment | $776,487 | Total Assessment | $1,038,959 |
Property Taxes
Parcel Number
6004-031-040
Land Assessment
$776,487
Improvements Assessment
$262,472
Total Assessment
$1,038,959
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