6406 S. Hoover Street presents an exceptional opportunity to acquire a newly constructed 2026 multifamily asset in a prime Los Angeles location. This modern three-story apartment community consists of 16 thoughtfully designed one-bedroom units and has been developed as a 100% affordable housing project, positioned to meet the increasing demand for quality housing in one of the city’s strongest rental markets. Designed with efficiency and resident comfort in mind, the property features elevator access and a rooftop deck, providing added convenience and attractive outdoor amenity space. The one-bedroom unit configuration offers strong long-term rental appeal and efficient property management. Situated on a 5,256 square foot LAC2-zoned lot, the building contains approximately 8,716 square feet of gross building area. Developed under TOC Tier 1 incentives, the project benefits from transit-oriented planning advantages while maintaining a practical low-maintenance design. The property includes 16 bicycle parking spaces and non-site vehicle parking, consistent with modern urban infill development standards. Estimated Certificate of Occupancy is anticipated in the second quarter of 2026, allowing an investor to capitalize on a brand-new turnkey asset with immediate lease-up potential and minimal deferred maintenance. Located near major transportation corridors, employment centers, schools, and neighborhood retail amenities, 6406 S. Hoover Street offers an attractive opportunity for nonprofit organizations, affordable housing operators, and long-term investors seeking stable income potential through a newly delivered affordable housing community in Los Angeles.