5930 S Hoover , Los Angeles, CA 90044

  • $3,995,000
  • $4,125,000
5930 S Hoover , Los Angeles, CA 90044
  • Residential Income
  • Property Type
  • 6709
  • Square Feet
  • 1923
  • Year Built
Active

5930 S Hoover , Los Angeles, CA 90044

5930 S Hoover , Los Angeles, CA 90044
  • $3,995,000
  • $4,125,000

Description

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.

  • Address 5930 S Hoover
  • City Los Angeles
  • Zip/Postal Code 90044

Details

Updated on November 24, 2024 at 3:38 pm
  • Property ID: CRDW24198319
  • Price: $3,995,000
  • Property Size: 6709 Square Feet
  • Land Area: 0.2423 Acres
  • Garage Size: x x
  • Year Built: 1923
  • Property Type: Residential Income
  • Property Status: Active
  • MLS#: DW24198319

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