830 S Hoover St
Los Angeles, CA 90005

Residential Multi Family (Other)

0.14 Acres
10552 Sqft Living Area

6 Bedrooms

0 Bathrooms (0 Full, 0 Half)

Year Built: 1966

$4,495,000

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Property Description

Presenting two adjacent properties -one commercial and one residential single family house- C2 zoning. These properties encompass a total of 10,552 square feet on a combined 11,313 square foot lot and are situated between Downtown Los Angeles and Koreatown. The sale includes two side by side parcels: APN: 5141-026-007 and APN: 5141-026-008 . Property 1 features a 6-unit commercial space off of Hoover Street with a 4-unit multi-family use code, current residential units accessible from Coronado Street while Property 2 at 840 S Hoover is designated as a single-family residence (a 2,472 SF building on a 5,006 SF lot) could be demolished to create a parking lot with space for 20 vehicles, in addition to the 5 parking spaces available at 830 S Hoover St. This opportunity is in a high-visibility area within an Opportunity Zone, Tier 3, and benefits from significant exposure. Located on the bustling Hoover St, the properties are just minutes from Downtown Los Angeles, Koreatown, USC, and major freeways (10, 101, and 110). The neighboring area is currently undergoing multi-family construction.