Price Reduction
Address
5928 S Hoover Street Los Angeles, CA
Price
$ 1,625,000
Property Attributes
  • MLS#DW21045209
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMetropolitan South
  • Zip90044
  • Style
  • Price$ 1,625,000
  • Bedrooms8
  • Full Bathrooms8
  • Half Bathrooms0
  • Lot Size10,454 SqFt
Listing Provided Courtesy Of:
Jorge Lopez with Corcoran Global Living.
Data Source:
CRMLS
Property Description

Price Reduction! 8 Units + 2 ADUs with 5 Vacancies priced at only 203k/door and 282/SF. Large 5,760 SF bungalow-style value add Fixer at an incredible Current Cap Rate of 7.5% and GRM of 10 after renovations. There is a 35% upside to an 11 % Cap Rate and 7.5 GRM on the Proforma. Excellent up and coming location minutes from Banc of California Stadium, USC, and Inglewood. Potential to reconfigure the layouts to create additional beds and maximize rents. Potential of adding 2 ADUs in the back to reduce the price to only 162k/door. Individually metered for Gas & Electricity. Large 10,268 SF C2 Lot for future

Price History
3/4/2021 Listed $1,650,000
3/24/2021 2% - $1,625,000

General Features

Community Features Sidewalks
Levels One
MLS Area C37 - Metropolitan South
Pool Features None
Property Type Residential Income
Sewer Public Sewer
Terms Submit
Total Units 8
Water Sewer Expense 600
Zoning LAC2

Interior Features

Common Walls No Common Walls
Laundry Features None

Exterior Features

Lot Size Acres 0.24
Lot Size Area 10554
Lot Size Source Assessor
Lot Size Square Feet 10554
Lot Size Units Square Feet
Number of Buildings 4
Number of Separate Electric Meters 8
Number of Separate Gas Meters 8
Number of Separate Water Meters 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90044

Price
AVG $940K
$1.63M
Visits
AVG 24
11
Year Built
AVG 1939
1923
Walkscore
AVG 67
82
Data Provided by Walkscore ® not using MLS data

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