5842 S Hoover St, Los Angeles, CA 90044

5842 S Hoover St, Los Angeles, CA 90044

Los Angeles, CA
$1,430,000

Property Description

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<div class=”col-sm-12″><span class=”d-textSoft d-fontSize–small d-marginLeft–3″>We are pleased to present 5842 Hoover St in Los Angeles. The subject property is 2 buildings on 2 adjacent lots zoned C2. Built-in 1989 and boasts a great unit mix of (1) 3/1, (1) 1/1, and (6) 2/1. 5842 Hoover St has strong in-place income operating at a 12.16 GRM and a 5.14% CAP rate with over 40% upside in rents! Tenants enjoy close access to multiple grocery stores and for commuters, easy access to the 110.</span></div>
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Property Features

  • Sale Price: $1,430,000
  • Area Size: 5,400 SF
  • Land Area: 4,854 SF
  • Year Built: 1989
  • Listing Date: 10/21/2020
  • Closing Date: 12/22/2020
  • Units: 8
  • Price Per Unit: $173,125
  • Current NOI: $71,857