1227 S Hoover Street

    Los Angeles (City), CA 90006
    • $1,089,900
    • STATUS: Active Under Contract
    • ON SITE: 322 days
    • ID#: PW17224364
    Under Contract
    UPDATED: 59 min ago
    $1,089,900
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,492
      SQFT
    • $312
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1908
    County:

    School Ratings & Info

    Description

    Attention Investors, Developers and 1031 Exchangers. Great Value Play Opportunity at the strongest Metropolitan area of all Western USA. Perfectly located LA-R4 Lot at the desirable Pico-Union/Korea Town neighborhood. Check with the City your project for expansion, addition or remodeling of this Four Units Residential Income Property. Close to Los Angeles Convention Center, Staples Center, employment, education, transportation, services, entertainment etc. Easy access to Fwy 10 and Fwy 110. Highly demanded rental area. Two open car spots per Unit for total parking capacity for 8 cars. Balcony on the second floor units. Very stable income, low operating cost and solid equity creation. Great opportunity for Investors, Developers or New Owner to live in.Opportunity like this will not wait forever send your Highest and Best offer. Please "Do Not Trespass the Property and Do Not Contact Tenants for Any Reason", please contact the Listing Agent with all your questions. Listing updated daily.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-18T18:29:23.503. 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.
    www.playavistaliving.com/homes/77146674

    1227 S Hoover Street Los Angeles (City), CA 90006

    • Price: $1,089,900
    • Status: Active Under Contract
    • Updated: 59 min ago
    • ID#: PW17224364
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,492
    SQFT
    $312
    $/SQFT
    1908
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    Attention Investors, Developers and 1031 Exchangers. Great Value Play Opportunity at the strongest Metropolitan area of all Western USA. Perfectly located LA-R4 Lot at the desirable Pico-Union/Korea Town neighborhood. Check with the City your project for expansion, addition or remodeling of this Four Units Residential Income Property. Close to Los Angeles Convention Center, Staples Center, employment, education, transportation, services, entertainment etc. Easy access to Fwy 10 and Fwy 110. Highly demanded rental area. Two open car spots per Unit for total parking capacity for 8 cars. Balcony on the second floor units. Very stable income, low operating cost and solid equity creation. Great opportunity for Investors, Developers or New Owner to live in.Opportunity like this will not wait forever send your Highest and Best offer. Please "Do Not Trespass the Property and Do Not Contact Tenants for Any Reason", please contact the Listing Agent with all your questions. Listing updated daily.
    Exterior Features

    Fence YN Yes Fencing Wrought Iron Garage Spaces 0.00 Lot Features Lot 6500-9999Near Public TransitPark NearbyWalkstreet Lot Size Source Assessor Lot Size Units Square Feet Other Structures Storage Parking Features DrivewayGarage - Rear EntryGatedOn SiteParking SpacePrivateRv PotentialUncovered Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Shingle

    Interior Features

    Appliances NoneWater Heater Unit Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling None Cooling YN No Heating Wall Heater Heating YN Yes Interior Features Balcony Laundry Features None Levels Two Window Features Screens

    Property Features

    Accessibility Features 2+ Access Exits Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features SidewalksStreet LightingUrban Country Us Elevation Units Feet Exclusions All Personal Property. Gross Income 64824.00 Gross Multiplier 16.80 Gross Scheduled Income 64824.00 Insurance Expense 1829.00 Land Lease YN No Laundry YN No Net Operating Income 50047.00 New Taxes Expense 9348.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 14777.00 Property Sub Type Quadruplex Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Gated CommunitySmoke DetectorWindow Bars Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 14777.00 Trash Expense 1200.00 Utilities Sewer ConnectedWater Connected Water Sewer Expense 2400.00 Water Source Public Zoning Lar4

    Listing provided courtesy of Julio Kong of American Transactions Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-18T18:29:23.503. 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.
     
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