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    4315 S Hoover Street

    Los Angeles (City), CA 90037
    • $1,450,000
    • STATUS: Active
    • ON SITE: 14 days
    • MLS #: 21677002
    UPDATED: 39 min ago
    $1,450,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,056
      SQFT
    • $287
      $/SQFT
    Type:
    Multi-Family
    Built:
    1914
    County:

    School Ratings & Info

    Description

    Built in 1914, this 6-unit property is located in South Los Angeles between W Vernon Ave & W Martin Luther King Blvd just south of Exposition Park & USC, a location providing easy access to Metro Expo Line, the 110 Freeway, and Downtown Los Angeles nightlife,entertainment, restaurants, and employment opportunities. The subject property totals 5,056 SF featuring a unit mix that includes one two-bedroom two-bathroom and five three-bedroom two-bathroom apartment units.The majority of rents are currently under-market, providing a true value-add opportunity to capture the 36% rental upside through an interior renovation program when units turn. There are 14 parking spaces located at the rear of the property. Electricity is separately metered and each unit has its own individual water heater. Vermont Square is a fast growing, vibrant neighborhood, just southwest of Downtown Los Angeles. The subject property is within walking distance to the University of Southern California, Exposition Park.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-21T12:28:58.737. 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 Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/113056724
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    4315 S Hoover Street Los Angeles (City), CA 90037

    • Price: $1,450,000
    • Status: Active
    • Updated: 39 min ago
    • MLS #: 21677002
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    5,056
    SQFT
    $287
    $/SQFT
    1914
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    Built in 1914, this 6-unit property is located in South Los Angeles between W Vernon Ave & W Martin Luther King Blvd just south of Exposition Park & USC, a location providing easy access to Metro Expo Line, the 110 Freeway, and Downtown Los Angeles nightlife,entertainment, restaurants, and employment opportunities. The subject property totals 5,056 SF featuring a unit mix that includes one two-bedroom two-bathroom and five three-bedroom two-bathroom apartment units.The majority of rents are currently under-market, providing a true value-add opportunity to capture the 36% rental upside through an interior renovation program when units turn. There are 14 parking spaces located at the rear of the property. Electricity is separately metered and each unit has its own individual water heater. Vermont Square is a fast growing, vibrant neighborhood, just southwest of Downtown Los Angeles. The subject property is within walking distance to the University of Southern California, Exposition Park.
    Exterior Features

    Lot Size Units Square Feet Parking Features None Parking YN No

    Property Features

    Country Us Gross Income 113076.00 Gross Multiplier 12.82 Gross Operating Income 107422.00 Net Operating Income 63018.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 44404.00 Zoning C2-1Vl-Cpio

    Listing provided courtesy of Neema Ahadian of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-21T12:28:58.737. 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 Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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