706-710 1/2 N Hoover St
Los Angeles, CA 90029
Multifamily Property For Sale
·
6 Units
Property Facts
| No. Units | 6 | Lot Size | 0.12 AC |
| Property Type | Multifamily | Building Size | 4,383 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1924 |
| Building Class | C | Parking Ratio | 0.91/1,000 SF |
| Zoning | RD2, Los Angeles | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,383 SF |
| No. Stories | 2 |
| Year Built | 1924 |
| Parking Ratio | 0.91/1,000 SF |
| Zoning | RD2, Los Angeles |
About 706-710 1/2 N HOOVER ST , LOS ANGELES, CA 90029
Marcus & Millichap, as the exclusive listing agent, is pleased to present 706 North Hoover Street, a six unit apartment community bordering three thriving submarkets – Hollywood, Virgil Village, and Silver-lake. The property features two studios and four one bedroom one bath units and represents a value-add opportunity to acquire an asset with remaining 51% rental upside. Due to its 1924 construction, the prop-erty is subject to Los Angeles’ Rent Control Statutes. Situated between Melrose Avenue and Sunset Boulevard, 706 North Hoover Street offers a location with compelling fundamentals, abundant entertainment and dining amenities and convenient access to employment centers. The neighborhood has emerged as a highly desirable rental community with renters flocking to the area and a myriad of culinary and nightlife options opening to meet this new demand.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 440 |
| 1+1 | 4 | - | 740 |
Property Taxes
| Parcel Number | 5427-011-017 | Improvements Assessment | $725,085 |
| Land Assessment | $725,085 | Total Assessment | $1,450,170 |
Property Taxes
