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    5928 S Hoover Street

    Los Angeles (City), CA 90044
    • $1,600,000
    • STATUS: Active
    • ON SITE: 69 days
    • ID#: DW21045209
    UPDATED: 65 min ago
    $1,600,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,760
      SQFT
    • $278
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    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

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T14:39:32.25. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/114761939
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    5928 S Hoover Street Los Angeles (City), CA 90044

    • Price: $1,600,000
    • Status: Active
    • Updated: 65 min ago
    • ID#: DW21045209
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    5,760
    SQFT
    $278
    $/SQFT
    1923
    Built
    Neighborhood:
    C37 - Metropolitan South
    County:
    Los Angeles
    Area:
    C37 - Metropolitan South
    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
    Exterior Features

    Number Of Separate Electric Meters 8 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls

    Property Features

    Additional Parcels YN No Cap Rate 7.5 Common Interest None Community Features Sidewalks Fuel Expense 0 Garage YN No Gross Income 161824 Gross Scheduled Income 161824 Insurance Expense 2592 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Net Operating Income 121577 New Construction YN No New Taxes Expense 19800 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Operating Expense 40247 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 600 Water Source Public Zoning Lac2

    Listing provided courtesy of Jorge Lopez of Corcoran Global Living


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T14:39:32.25. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
     
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