Matthews™ is proud to present the exclusive offering of 4040-4060 S Hoover Street, a substantially renovated 24-unit apartment community located in the Downtown LA / University Park submarket of Los Angeles. The property comprises two adjacent buildings totaling 25,824 rentable square feet on a 31,561-square-foot lot, together delivering scale, strong in-place income, and a clear value-add runway on the remaining unrenovated units. Built in 1987, this property is not subject to LA's Rent Stabilization Ordinance (RSO). This asset presents a rare opportunity to acquire a high-quality, extensively upgraded community directly adjacent to the University of Southern California (USC) and Exposition Park, one of Los Angeles' most dynamic and rapidly transforming districts. The property sits within walking distance of BMO Stadium, the Los Angeles Memorial Coliseum, and the soon-to-open Lucas Museum of Narrative Art, and is minutes from the I-110 and I-10 freeways and the Metro E Line at Expo Park/USC. Ownership has completed a comprehensive renovation and capital improvement program across both buildings. To date, 19 of the 24 units have been fully renovated with high-end finishes, leaving five units as an attractive value-add opportunity to capture additional rental upside at turnover. Renovated units feature quartz kitchen countertops with ample cabinetry, full stainless steel appliance packages including stove, refrigerator, microwave, and dishwasher, in-unit stackable washers and dryers, hardwood laminate flooring, designer-tiled bathrooms, private balconies, central A/C and heat, and custom paint with faux wood blinds throughout. Major capital improvements include replacement of all windows across both buildings with dual-glazed, NFRC-certified, Title 24-compliant units, all-new plumbing, and new roofing. Additional upgrades include new exterior lighting, a full security camera system, hardscaped courtyards, refreshed landscaping, revamped building exteriors, and repaved parking. Ownership also converted two storage areas, one at each building, into modern on-site fitness spaces, adding a desirable amenity that supports tenant retention and premium rents. Positioned in one of Southern California's most supply-constrained and demand-driven rental markets, 4040-4060 S Hoover Street offers investors stable, largely renovated cash flow today with meaningful upside on the five remaining unrenovated units and as the surrounding Exposition Park district continues its transformation ahead of the 2028 Olympic Games.