6533 S Hoover St - Apartments FOR SALE


Los Angeles, CA 90044- Vermont Harbor
$760,000 USD
310-902-8977
6533 S Hoover St, Los Angeles, CA for Sale
$760,000 USD
Apartments - FOR SALE
1/1
null | 6.33% Cap Rate

6533 S Hoover St
Los Angeles, CA 90044
Vermont Harbor


HIGHLIGHTS

  • Located west of the Harbor (I-110) Freeway with regional connectivity.
  • One-bedroom unit configuration supports broad renter demand.
  • Multiple income streams from six separate residential units.
  • Six residential units configured across three duplex-style buildings.
  • Six residential units configured across three duplex-style buildings.

OVERVIEW

6533 S Hoover St presents an opportunity to acquire a six-unit multifamily asset in South Los Angeles. The property consists of six one-bedroom residential units configured across three duplex-style structures, offering a layout that appeals to residents seeking a more private living environment than traditional apartment buildings. Constructed in 1927, the asset provides a blend of established neighborhood presence and long-term investment potential. The property is positioned west of the Harbor (I-110) Freeway between Florence Avenue and Gage Avenue, providing convenient access to Downtown Los Angeles, major employment centers, regional transportation corridors, and a broad range of neighborhood services. Its location within a densely populated residential area supports ongoing housing demand and provides tenants with access to shopping, public transportation, schools, and community amenities. From an investment perspective, the property benefits from in-place income and the potential for future revenue growth through continued asset management and unit turnover. The six-unit configuration allows investors to diversify income across multiple tenants while maintaining a manageable property size. The asset's location within one of Los Angeles' most active rental markets further enhances its long-term ownership appeal. For buyers seeking a value-add multifamily acquisition in a well-established Los Angeles neighborhood, 6533 S Hoover St offers a combination of existing cash flow, accessibility, and future upside potential.

FOR SALE DETAILS

PRICE

$760,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

6

PRICE/UNIT

$126,667

CAP RATE

6.33%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1927

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,535 SF

ZONING

LARD1.5

APN/PARCEL ID

6013-012-025

ASK ABOUT THIS PROPERTY

Jerome McAlpinMcAlpin & CompanyMore Info
310-902-8977

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Jerome McAlpinMcAlpin & CompanyMore Info
310-902-8977

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