5840-5848 S Hoover St - Apartments FOR SALE
Los Angeles, CA 90044 |
5840-5848 S Hoover St
Los Angeles, CA 90044
HIGHLIGHTS
- The BEST Apartment building in South Central! NEWER BUILT, NOT UNDER Los Angeles Rent Control
- New ADU unit was completed in October 2022: NON-RENT CONTROLLED (not under Los Angeles and California rent control - buyer to verify)
- Newer Built Property – Copper Plumbing, Newer Electrical + Roof + Sewer, No Parking soft-story retrofit is required.
- Excellent Unit Mix that includes (1) 3B + 2B, (1) 3B + 1B, (6) 2B + 1B, and (1) 1B+1B; Overparked building with 15 parking spaces.
- Priced to SELL at a HIGH STRONG Current CAP Rate of 5.69% and Low 12.81 GRM
- Located on a large lot of 9,833 SQFT (C2 zoning) providing a TOC Tier 2 Density Bonus.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
9-u 1989 & 2022 built, NON LA Rent Control
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
6722
STORIES
2
YEAR BUILT
1989
PARKING SPACES
13
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
6004-032-029,6004-032-030
