Prime Koreatown Mixed-Use Investment 830 S Hoover St 5,022 SF 100% Leased Retail Building Los Angeles, CA 90005 $2,495,000 ($496.81/SF)

Prime Mixed-Use Development & Value-Add Opportunity | Through Lot | TOC Tier 3 | Opportunity Zone
Strategically located near Koreatown and Downtown Los Angeles, this rare mixed-use asset offers immediate income with significant long-term development upside.
The property consists of a front commercial building and a rear 4-unit residential structure. All residential units are fully occupied, providing stable in-place cash flow, while the commercial portion includes two vacant second-floor units, allowing for immediate lease-up or repositioning.
The site benefits from a rare through lot configuration with dual street access from both Hoover Street and S Coronado Street—ideal for future redevelopment efficiency and design flexibility.
Surrounded by active development, including a newly constructed apartment building next door, the property sits in a rapidly transforming urban corridor. The adjacent parcel at 840 S Hoover Street is also available for purchase, creating a unique assemblage opportunity for a larger-scale development footprint.
Zoned LAC2 and eligible for TOC Tier 3 incentives (buyer to verify), the property offers significant density upside and entitlement flexibility.
Additionally, the property is located within a designated Opportunity Zone (buyer to verify), providing potential tax advantages for qualified investors.
This is a rare opportunity for investors and developers seeking income stability today with strong repositioning and redevelopment potential for tomorrow.