2323 S Hoover St - Storefront FOR SALE


Los Angeles, CA 90007- West Adams
$2,850,000 USD
213-532-3220
2323 S Hoover St, Los Angeles, CA for Sale
$2,850,000 USD
Storefront - FOR SALE
1/7
null | Request Cap Rate

2323 S Hoover St
Los Angeles, CA 90007
West Adams


HIGHLIGHTS

  • Recently Renovated Retail Asset with significant capital improvements to the building
  • 51%+ of the building can be made available for SBA Financing
  • Close Proximity to the University of Southern California (USC)
  • Strong traffic counts on Hoover St. (over 44,000 CPD)
  • Dense infill location with 60,000 residents within 1 mile

OVERVIEW

Colliers International is pleased to present for sale 2323 S. Hoover St in Los Angeles. Retained by the seller as exclusive advisors, Colliers offers a rare opportunity to acquire a value-add retail center in the dynamic University Park / West Adams submarket. Strategically located along the Hoover Street corridor just blocks from the University of Southern California, the property benefits from strong daily pedestrian and vehicle traffic and nearby cultural destinations including Exposition Park and the Los Angeles Memorial Coliseum. The building recently underwent a $500,000 renovation, including a new roof, storefront, plumbing, electrical, and upgraded HVAC systems, and features high ceilings and large display windows ideal for retail, service, and food oriented uses. This property presents investors with a chance to capitalize on proximity to a major university, walkable amenities, and dense housing developments, while owner-users can occupy a portion of the building and leverage SBA financing while collecting income from adjacent units.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$411 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Value-Add Retail, Close Proximity to USC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,659 SF

ZONING

C2

APN/PARCEL ID

5055-020-001

ASK ABOUT THIS PROPERTY

Michael BohorquezColliersMore Info
213-532-3220

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Michael BohorquezColliersMore Info
213-532-3220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.