6533 S Hoover St 6 Unit Apartment Building $760,000 ($126,667/Unit) 6.33% Cap Rate Los Angeles, CA 90044

6533 S Hoover St presents an opportunity to acquire a six-unit multifamily asset in South Los Angeles. The property consists of six one-bedroom residential units configured across three duplex-style structures, offering a layout that appeals to residents seeking a more private living environment than traditional apartment buildings. Constructed in 1927, the asset provides a blend of established neighborhood presence and long-term investment potential.
The property is positioned west of the Harbor (I-110) Freeway between Florence Avenue and Gage Avenue, providing convenient access to Downtown Los Angeles, major employment centers, regional transportation corridors, and a broad range of neighborhood services. Its location within a densely populated residential area supports ongoing housing demand and provides tenants with access to shopping, public transportation, schools, and community amenities.
From an investment perspective, the property benefits from in-place income and the potential for future revenue growth through continued asset management and unit turnover. The six-unit configuration allows investors to diversify income across multiple tenants while maintaining a manageable property size. The asset's location within one of Los Angeles' most active rental markets further enhances its long-term ownership appeal. For buyers seeking a value-add multifamily acquisition in a well-established Los Angeles neighborhood, 6533 S Hoover St offers a combination of existing cash flow, accessibility, and future upside potential.