6500 S Hoover St - Retail FOR SALE


Los Angeles, CA 90044- South Central LA
$785,000 USD
310-978-7950
6500 S Hoover St, Los Angeles, CA for Sale
$785,000 USD
Retail - FOR SALE
1/27
null | Request Cap Rate

6500 S Hoover St
Los Angeles, CA 90044
South Central LA


HIGHLIGHTS

  • Three Income Streams — Retail, detached 3-bed/2-bath house, and storage unit
  • Retail Leased Month-to-Month — Ability to reset rents or occupy space near-term
  • On-Site Parking (8 Spaces)
  • Corner Mixed-Use Property with Hoover Street Frontage
  • Detached Residential Unit with Independent Access
  • LAC2 Zoning Supporting Mixed-Use Flexibility

OVERVIEW

6500 S Hoover Street offers a rare opportunity for a neighborhood market operator to acquire a retail location while offsetting a significant portion of the ownership cost with existing residential and storage income. The month-to-month retail tenancy provides flexibility to occupy the storefront shortly after closing or continue collecting income while planning a transition. The property consists of a retail storefront, a detached 3-bedroom, 2-bath residence, and two storage areas situated on a 6,569-square-foot LAC2-zoned corner parcel. The property is legally recognized as a three-unit asset and is improved with two separate buildings, allowing the residential component to operate independently from the commercial space. The property currently generates income from the retail space, residence, and one storage area, while a second, fully remodeled storage space remains vacant, providing an immediate lease-up opportunity. During marketing preparation, this additional storage area was identified as a separately utilized rental space. While not separately identified as a legal unit, it has historically functioned as an independent storage rental. Whether acquired by an owner-user or an investor, the combination of immediate cash flow, retail control, and additional lease-up potential creates multiple execution paths without relying on speculative redevelopment or extensive renovation.

FOR SALE DETAILS

PRICE

$785,000 USD

PRICE/SF

$275 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1921

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

LAC2

APN/PARCEL ID

6013-015-009

ASK ABOUT THIS PROPERTY

Alexandro ColomboCOLOMBO | KW CommercialMore Info
310-978-7950

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Alexandro ColomboCOLOMBO | KW CommercialMore Info
310-978-7950

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