Property Description

8719 Hooper Ave is a value add 4-Plex comprised of two Duplex buildings. Plans for (2) 3-Bed/2-Bath ADUs have been stamped and approved by the County of Los Angeles Planning Department. This 4+2 Unit building is located in an unincorporated part of Los Angeles County with plenty of upside for an investor or owner/user looking to increase the value. This value add apartment is located in the 90002 zip code and priced under $800k. The property would immediately operate at a 7.33% cap rate and 10.58 GRM including
the cost of construction.

The subject property has a unit mix of (3) 1-Bed/1- Bath, (1) 2-Bed/1-Bath and (2) 3-Bed/2-Bath ADU units. This property operates above a 10% cap rate and 5 GRM at market. With one unit delivered vacant, provides the buyer the opportunity to live in one unit and rent the others. Adjacent to the 105 and 110 Highways, 8719 Hooper has easy access to any part of the city.