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5930 S Hoover

Los Angeles, CA 90044

– beds
– baths
– sqft
10,554 sqft lot
1923 build
– on site

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.

Listed By CRMLS_CA / Jorge Lopez / Realty One Group United / 562-254-7772

Last checked: Checking… • Last updated Nov 24, 2024 •

MLS# DW24198319 —

The Building

Year Built:

1923
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

No Common Walls
Building Area Total:

6709.00
Building Area Units:

Square Feet
# of Buildings:

5
Total Number Of Units:

15
Stories Total:

1
# of Separate Gas Meters:

15
# of Separate Water Meters:

1
# of Separate Electric Meters:

15

Interior

Entry Location:

Street Front
Laundry:

None

Location

Directions:

North of Gage South of Slauson
Latitude:

33.98645500
Longitude:

-118.28685800

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Lot Features:

Lot 10000-19999 Sqft
Lot Size Area:

10554.0000
Lot Size Acres:

0.2423
Lot Size SqFt:

10554.00
Lot Size Source:

Assessor
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Tract:

237...
Tax Lot:

18

The Listing

Special Listing Conditions:

Standard

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

Sidewalks
Pool:

None
Private Pool:

No

Parking

Parking:

No
Parking:

Street

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/21/24 Oct 21, 2024	Price Changed	CRMLS_CA	$3,995,000	-3.2%
9/24/24 Sep 24, 2024	Listed / Active	CRMLS_CA	$4,125,000

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This multifamily located in South LA, Los Angeles, CA 90044 is currently for sale for $3,995,000. 5930 S Hoover is a – square foot multifamily with – beds and – baths that has been on Estately for 61 days. 5930 S Hoover is in the South LA neighborhood of Los Angeles and has a WalkScore® of 79, making it very walkable. This multifamily is in the attendance area of John Muir Middle School, 61st Street Elementary School, and Augustus F Hawkins Senior High - A Critical Design And Gaming School.

Listing Courtesy of: CRMLS_CA and Realty One Group United. Based on information from California Regional Multiple Listing Service, Inc. as of 09:57 on Nov 24.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.