Los Angeles, CA 90044 5928 S Hoover Street

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  • MLS# DW21045209
  • 03/04/2021
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Presented By: Jorge Lopez with Corcoran Global Living.
  • Beds • 8
  • Baths • 8
  • Year Built • 1923

Home Details

Price Reduction! 8 Units + 2 ADUs with 5 Vacancies priced at only 203k/door and 282/SF. Large 5,760 SF bungalow-style value add Fixer at an incredible Current Cap Rate of 7.5% and GRM of 10 after renovations. There is a 35% upside to an 11 % Cap Rate and 7.5 GRM on the Proforma. Excellent up and coming location minutes from Banc of California Stadium, USC, and Inglewood. Potential to reconfigure the layouts to create additional beds and maximize rents. Potential of adding 2 ADUs in the back to reduce the price to only 162k/door. Individually metered for Gas & Electricity. Large 10,268 SF C2 Lot for future
Presented By: Jorge Lopez with Corcoran Global Living.

Interior Features for 5928 S Hoover Street

Other Interior Features

Common WallsNo Common Walls
Laundry FeaturesNone

General for 5928 S Hoover Street

Additional Parcels Y/NNo
Community FeaturesSidewalks
Garage Spaces0
Garage Y/NNo
Land Lease Y/NNo
LevelsOne
MLS AreaC37 - Metropolitan South
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property TypeResidential Income
Senior Community Y/NNo
SewerPublic Sewer
TermsSubmit
Total Units8
Water Sewer Expense600
ZoningLAC2

Exterior for 5928 S Hoover Street

Lot Size Acres0.24
Lot Size Area10554
Lot Size SourceAssessor
Lot Size Square Feet10554
Lot Size UnitsSquare Feet
Number of Buildings4
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Total Parking0
Water SourcePublic

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group
Price $1,625,000
MLS#DW21045209
List Date 03/04/2021
Property Type Income
Phone 310.658.1749
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