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Property Description

Huge 400k Price Reduction! 15-unit building with 12 Gut-Renovated & Brand New Units cash flowing at an amazing 6.5% Cap Rate and 11.1 GRM from day 1. The units (3 vacant) have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, stainless steel appliances, as well as major exterior capital improvements. On top of that, the major systems have been updated including brand new roofs, electrical, plumbing, HVAC, etc. and even a brand-new fire sprinkler system for all the units that will save you tons of money on insurance costs in California! Amazing 39% upside to 9.7% Cap Rate & 8 GRM on the proforma. Excellent up and coming location minutes from Banc of California Stadium, USC, & Inglewood. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency. Large ~10,554 SF TOC Tier 3 lot zoned C2 with future redevelopment potential.

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Additional Information
Realty One Group United
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DWLOJORG
DWROG
Jorge
: Standard
25

Multi-Family For Sale

5930 Hoover, Los Angeles, California 90044

6,709 Sqft
$3,995,000
Listing ID #DW25004558
Basic Details
Status : Active
DaysOnMarket : 3
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : DW25004558
Price : $3,995,000
Living Area : 6,709 Sqft
Lot Size : 10,554 Sqft
Year Built : 1923
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90044
Price Per Square Foot : $595
ModificationTimestamp : 2025-01-10 10:47:32
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