Property Description

5618 Hoover St is a renovated, high cashflowing 4-Plex located in South Los Angeles, 90037. Offering a strong 6.08% CAP and 11.46 GRM, 5614 Hoover St is being sold along side 5614 Hoover St (can be sold together or separately). The subject property is comprised of (4) 1- Bed/1-bath units with the opportunity to build (2) Studio/1-Bath units above the garage space. (3) Of the 1-Bed/1-Bath units are renovated. Once ADUs are built, buyer will have an additional $4,264/month in income. Beneficial to the new buyer, all units have been renovated and are operating near market. There are also 4 garage parking spots on site for potential added monthly income.