830 S Hoover St - Storefront Retail/Office FOR SALE


Los Angeles, CA 90005- MacArthur Park
$2,570,000 USD
213-219-7676
830 S Hoover St, Los Angeles, CA for Sale
$2,570,000 USD
Storefront Retail/Office - FOR SALE
1/48
null | Request Cap Rate

830 S Hoover St
Los Angeles, CA 90005
MacArthur Park


HIGHLIGHTS

  • Rare Mixed-Use
  • C2 TOC Tier 3
  • 6 Commercial Unit in the front
  • 4 Unit Residential Unit in the back
  • Perfect for Owner-user
  • Huge upside potential

OVERVIEW

Unique and rare opportunity in the heart of Koreatown ideal for owner-users, investors, and developers! 830 S Hoover Street is listed at $2,570,000 and features a 6-unit commercial building in the front (with 3 units currently vacant perfect for an owner-user) and a 4-unit residential building in the rear, with separate rear access. The property offers 8,080 SF of interior space on a combined lot size of 11,314 SF, which includes the adjacent parcel at 840 S Hoover Street (off-market, offered at $1.83M). Both parcels are zoned C2 with TOC Tier 3, allowing for increased density, mixed-use, or multifamily development (buyer to verify with the City). Properties can be developed together or 840 can serve as a dedicated parking lot for 830. Combined asking price is $4.4M. This versatile site is perfect for medical, dental, acupuncture, retail, salon, barbershop, car dealership, executive office, or creative studio. Located in a high-traffic Koreatown corridor, minutes from DTLA, major transit, and amenities. So much potential and upside! Drive-by only do not disturb tenants. Property to be sold as-is. Buyer to conduct their own due diligence. Submit offers with proof of funds. Contact listing agent for full details.

FOR SALE DETAILS

PRICE

$2,570,000 USD

PRICE/SF

$512 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Rare Mixed-Use Commercia/Residential C2 TOC 3

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,314 SF

ZONING

C2

APN/PARCEL ID

5141-026-007,5141-026-008

ASK ABOUT THIS PROPERTY

John PakJP Investment Real Estate GroupMore Info
213-219-7676

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John PakJP Investment Real Estate GroupMore Info
213-219-7676

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