7620 S Hoover Los Angeles, CA 90044
6,764 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25281839
HOA Y/N No
Year Built 1955
Lot Size 6,764 Sqft
Property Sub-Type Quadruplex
Property Description
the Los Angeles–Long Beach–Anaheim MSA, the second-largest metropolitan area in the nation with a population of 12.9 million. The
property is offered at $950,000, representing an existing cap rate of 5.38% and a price per square foot of $256.90, positioning it as an
accessible entry point into a highly coveted Los Angeles submarket.
Originally built in 1955 with updates in 1965, the asset sits on 0.16 acres and consists of a single two-story concrete building totaling
3,698 rentable square feet across four units. Current physical occupancy is 75%, with stable Section 8 income providing downs ide
protection and the opportunity for rental upside through improved operations and lease-up.
The property is strategically located near the intersection of S Hoover Street and W 77th Street, offering excellent accessibility just
adjacent to Interstate 110, which carries a daily traffic count of approximately 14,011 vehicles. Its central location places it minutes from
major demand drivers, including SoFi Stadium, Intuit Dome, LA Live, the Memorial Coliseum, BMO Stadium, 4 miles south of USC, and 10
miles east of LAX.
With strong visibility, proximity to major employment and entertainment hubs, and long-term housing demand fundamentals, this
offering represents a compelling opportunity to acquire a stabilized income-producing asset with upside potential in one of the most
resilient rental markets in the country.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Gas Oven
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Electricity Connected, Water Connected
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Corner Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6020019026
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
