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Mixed-Use - 9.11% CAP Rate - 6.80 GRM 6600 S Hoover St 8 Unit Apartment Building $1,500,000 ($187,500/Unit) 9.11% Cap Rate Los Angeles, CA 90044
EXECUTIVE SUMMARY
We are pleased to present 6600 S Hoover Ave, a 10-unit mixed-use property in Los Angeles, offered at a 6.80 GRM and an 9.11% CAP on current rents, assuming market rents for the 4 vacant units.
Offered at a low $240/square foot, the property is comprised of three separate buildings offering of a total of 6,254 rentable square feet. The front building consists of two commercial units and four residential units followed by two duplexes in the rear on W 66th Street. Built in 1924, the property sits on a 5,257 square foot LAC2-zoned corner lot.
The unit mix features two (2) ground level commercial units and eight (8) one-bedroom one-bathroom units. One (1) commercial unit and three (3) one-bedroom units will be delivered VACANT.
Located on the corner of S Hoover St and W 66th St, this property is located five blocks west of the 110 Freeway as well as a number of bus stops. Nearby community establishments include The Family, Totorame Market Café, Paseo San Miguel, The Breakfast Shack, Nicapersian Saffron Food, La Chancla Night Market and more. Contact the listing broker for additional information.
Offered at a low $240/square foot, the property is comprised of three separate buildings offering of a total of 6,254 rentable square feet. The front building consists of two commercial units and four residential units followed by two duplexes in the rear on W 66th Street. Built in 1924, the property sits on a 5,257 square foot LAC2-zoned corner lot.
The unit mix features two (2) ground level commercial units and eight (8) one-bedroom one-bathroom units. One (1) commercial unit and three (3) one-bedroom units will be delivered VACANT.
Located on the corner of S Hoover St and W 66th St, this property is located five blocks west of the 110 Freeway as well as a number of bus stops. Nearby community establishments include The Family, Totorame Market Café, Paseo San Miguel, The Breakfast Shack, Nicapersian Saffron Food, La Chancla Night Market and more. Contact the listing broker for additional information.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$136,638
|
$21.85
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $136,638 |
| Annual Per SF | $21.85 |
PROPERTY FACTS
| Price | $1,500,000 | Property Subtype | Apartment |
| Price Per Unit | $187,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 9.11% | Building Size | 6,254 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1924 |
| Zoning | LAC2 - 5,257 SF LAC2 Zoned Corner Lot. | ||
| Price | $1,500,000 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| Cap Rate | 9.11% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 6,254 SF |
| No. Stories | 2 |
| Year Built | 1924 |
| Zoning | LAC2 - 5,257 SF LAC2 Zoned Corner Lot. |
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Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 6013-017-008 | Improvements Assessment | $279,423 (2025) |
| Land Assessment | $636,975 (2025) | Total Assessment | $916,398 (2025) |
PROPERTY TAXES
Parcel Number
6013-017-008
Land Assessment
$636,975 (2025)
Improvements Assessment
$279,423 (2025)
Total Assessment
$916,398 (2025)
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Mixed-Use - 9.11% CAP Rate - 6.80 GRM | 6600 S Hoover St
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