6804 S Hoover St - Flex FOR SALE


Los Angeles, CA 90044- South Central LA
$595,000 USD
213-225-7223
6804 S Hoover St, Los Angeles, CA for Sale
$595,000 USD
Flex - FOR SALE
1/21
null | 6.4% Cap Rate

6804 S Hoover St
Los Angeles, CA 90044
South Central LA


OVERVIEW

We are pleased to present a 2-unit mixed-use property located on 6804 S Hoover St in Los Angeles. Situated on S Hoover St, the property offers great foot traffic and store frontage visibility and is also located five blocks west of the 110 Freeway. Strategically positioned in one of the densest rental markets in Los Angeles, the property caters to hundreds of thousands of tenants and potential customers in the neighborhood and is easily accessible to a number of metro bus stops. The property consists of two separate structures, with the front commercial building consisting of ±528 SF with a ±672 SF two-bedroom one-bathroom house in the rear, built in 1929 and 1927 respectively, situated on a 5,171 SF LAC2 zoned lot. With the front commercial unit VACANT, the property provides a unique opportunity for multiple strategies. Firstly, an owner-user could operate out of the commercial unit and live in the residential unit. Secondly, an owner-user could operate out of the commercial unit and rent out the residential unit. Thirdly, the next owner could also renovate and re-rent the commercial and residential unit and operate at a 6.40% cap rate. Contact the listing broker for additional information.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$496 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Commercial + Residential

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1927

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12

LAND SF

5,171

ZONING

LAC2

APN/PARCEL ID

6013-020-028

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

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