Log In/Sign Up
Your email has been sent.
6500 S Hoover St 2,854 SF Retail Building Los Angeles, CA 90044 $730,000 ($255.78/SF)
Investment Highlights
- Four Income Streams — Retail, detached 3-bed/2-bath house, and 2 storage units
- On-Site Parking (11 Spaces)
- Detached Residential Unit with Independent Access
- Retail Leased Month-to-Month — Ability to reset rents or occupy space near-term
- Corner Mixed-Use Property with Hoover Street Frontage
- LAC2 Zoning Supporting Mixed-Use Flexibility
Executive Summary
NOW $730,000. Mixed-use property consisting of a retail storefront, detached 3BR/2BA residence and two storage spaces. Current gross income is $76,800/year, with the retail tenant paying $2,700/month on a month-to-month basis, the residence at $3,100/month and one storage space at $600/month. The second storage space has been fully remodeled and is currently vacant, creating an immediate lease-up opportunity with a target rent of $750/month.
Leasing the vacant storage increases gross income to $85,800/year, with full pro forma gross income of $99,600/year. The month-to-month retail tenancy gives a buyer flexibility to retain the existing tenant, re-lease the storefront or pursue owner occupancy. Property includes 11 on-site parking spaces, ±2,854 SF of improvements on a ±6,569 SF lot and LAC2 zoning. $119,000 price reduction from the original asking price. Existing income, immediate lease-up and control of the retail component at a $730,000 entry price.
Leasing the vacant storage increases gross income to $85,800/year, with full pro forma gross income of $99,600/year. The month-to-month retail tenancy gives a buyer flexibility to retain the existing tenant, re-lease the storefront or pursue owner occupancy. Property includes 11 on-site parking spaces, ±2,854 SF of improvements on a ±6,569 SF lot and LAC2 zoning. $119,000 price reduction from the original asking price. Existing income, immediate lease-up and control of the retail component at a $730,000 entry price.
Property Facts
Sale Type
Owner User
Sale Conditions
Property Type
Building Size
2,854 SF
Building Class
C
Year Built/Renovated
1921/2023
Price
$730,000
Price Per SF
$255.78
Tenancy
Multiple
Building Height
1 Story
Zoning
LAC2 - • LAC2 Zoning Supporting Mixed-Use Flexibility
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6013-015-009 | Improvements Assessment | $92,406 |
| Land Assessment | $191,932 | Total Assessment | $284,338 |
Property Taxes
Parcel Number
6013-015-009
Land Assessment
$191,932
Improvements Assessment
$92,406
Total Assessment
$284,338
1 of 29
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
6500 S Hoover St