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5930 S Hoover
Los Angeles CA 90044 US

$3,995,000

Active Listing ID DW24243430
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10 bed
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15.00 Bath (15 Full)
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Lot: 10,554.00 Square Feet
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Other

$3,995,000

Active Listing ID DW24243430
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5930 S Hoover 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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Property Features

  • Facts
  • Lot Size: 10,554.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 15
  • Exterior Finish: Community Features Included: Sidewalks, Lot 10000-19999 Sqft

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 3995000
  • unparsedaddress: 5930 S Hoover
  • postalcity: Los Angeles
  • stateorprovince: CA
  • country: US
  • postalcode: 90044
  • bathroomsfull: 15
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.24228650137741
  • lotsizeunits: Square Feet
  • lotsizearea: 10554
  • livingarea: 6709
  • livingareaunits: Square Feet
  • latitude: 33.986492
  • longitude: -118.286819
  • listagentfullname: Jorge Lopez
  • listagentemail: jorgelopezrealtor@hotmail.com
  • listagentkey: 3yd-MRMLSCA-DWLOJORG
  • listagentmlsid: DWLOJORG
  • listagentpreferredphone: 5622547772
  • listagentofficephone: 5622284900
  • listofficekey: 3yd-MRMLSCA-DWROG
  • listagentstatelicense: 01220063
  • listofficemlsid: DWROG
  • disclaimer: Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1923
  • listingcontractdate: 2024-12-03
  • listagenturl: http://rogunited.com
  • countyorparish: Los Angeles
  • numberofunitstotal: 15
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: Realty ONE Group
  • exteriorfeatures: Community Features Included: Sidewalks, Lot 10000-19999 Sqft
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -118.28682, 33.986492
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Realty ONE Group United", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jorgelopezrealtor@hotmail.com", "ListBrokerageCity":"Torrance", "ListBrokerageCountry":"US", "ListBrokerageEmail":"maveramir@gmail.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MRMLSCA/03ce28c0dbba11e49f0146fd63a81102/20160818235823887.png", "ListBrokerageName":"Realty ONE Group United", "ListBrokeragePhone":"(310) 948-0404", "ListBrokeragePostalCode":"90505", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"22939 Hawtorne Blvd Ste 203", "ListBrokerageWebsiteUrl":"http://rogunited.com", "ListOfficeAddress1":"9001 Firestone Blvd 2nd Floor", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"SBMIRMAVE", "ListOfficeCity":"Downey", "ListOfficeCountry":"US", "ListOfficeEmail":"maveramir@gmail.com", "ListOfficePostalCode":"90240", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial/Residential - Los Angeles, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/5930-S-Hoover-St_Los-Angeles_CA_90044_M98569-12344?f=listhub&s=MRMLSCA&m=DW24243430&c=rexren", "MLSModificationTimestamp":"2024-12-03T13:13:15Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/20/2024 4:09:12 AM GMT
Source Updated Date: 12/22/2024 6:50:18 AM GMT

Courtesy of: Jorge Lopez, Realty One Group United, jorgelopezrealtor@hotmail.com

Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.