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5930 S HOOVER Street
Los Angeles, CA 90044
Residential Multi Family (Other)
0.24 Acres
6709 Sqft Living Area
10 Bedrooms
15 Bathrooms (0 Full, 0 Half)
Year Built: 1923
$4,150,000
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Property Description
Price Reduction! 80% Vacant & Renovated 15-unit building with 12 vacancies cash flowing at an amazing 6.3% Cap Rate and 11.5 GRM from day 1. The units 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 9.4% Cap Rate & 8.3 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 10,268 SF C2 Lot for future redevelopment.
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Contact Details
Name: Jorge Lopez
Email: jorgelopezrealtor@hotmail.com
MLS Listing Id: DW24134396
Agent Phone: (562) 254-7772
List Agent License: 01220063
Office Name: Realty One Group United
Office Phone: (562) 228-4900
Office MLS Id: DWROG
Listing Status: Active
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Copyright © 2024 OpenHous, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
