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    4315 S Hoover St

    Los Angeles, CA 90037
    • $1,450,000
    • STATUS: Active
    • ON SITE: 61 days
    • MLS #: 21-677002
    $1,450,000
    • 18
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,056
      SQFT
    • $287
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1914
    County:

    School Ratings & Info

    Description

    Built in 1914, this 6-unit property is located in South Los Angeles between W Vernon Ave & W Martin Luther King Blvd just south of Exposition Park & USC, a location providing easy access to Metro Expo Line, the 110 Freeway, and Downtown Los Angeles nightlife,entertainment, restaurants, and employment opportunities. The subject property totals 5,056 SF featuring a unit mix that includes one two-bedroom two-bathroom and five three-bedroom two-bathroom apartment units.The majority of rents are currently under-market, providing a true value-add opportunity to capture the 36% rental upside through an interior renovation program when units turn. There are 14 parking spaces located at the rear of the property. Electricity is separately metered and each unit has its own individual water heater. Vermont Square is a fast growing, vibrant neighborhood, just southwest of Downtown Los Angeles. The subject property is within walking distance to the University of Southern California, Exposition Park.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-08T23:42:52.703. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.markwiseproperties.com/homes/113056000
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    4315 S Hoover St Los Angeles, CA 90037

    • Price: $1,450,000
    • Status: Active
    • MLS #: 21-677002
    18
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    5,056
    SQFT
    $287
    $/SQFT
    1914
    Built
    Neighborhood:
    Los Angeles Southwest
    County:
    Los Angeles
    Area:
    Los Angeles Southwest
    Property Description
    Built in 1914, this 6-unit property is located in South Los Angeles between W Vernon Ave & W Martin Luther King Blvd just south of Exposition Park & USC, a location providing easy access to Metro Expo Line, the 110 Freeway, and Downtown Los Angeles nightlife,entertainment, restaurants, and employment opportunities. The subject property totals 5,056 SF featuring a unit mix that includes one two-bedroom two-bathroom and five three-bedroom two-bathroom apartment units.The majority of rents are currently under-market, providing a true value-add opportunity to capture the 36% rental upside through an interior renovation program when units turn. There are 14 parking spaces located at the rear of the property. Electricity is separately metered and each unit has its own individual water heater. Vermont Square is a fast growing, vibrant neighborhood, just southwest of Downtown Los Angeles. The subject property is within walking distance to the University of Southern California, Exposition Park.
    Exterior Features

    Lot Size Area 9235 Other Structures None Parking Garage None Total Parking 0

    Interior Features

    Baths Total 12.00 Cooling Other Equipment Range/Oven Heating Other

    Property Features

    Assessed Total Value 785400 Gross Income 113076 Gross Operating Income 107422 Like Units1 1 Like Units2 5 Net Operating Income 63018.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 44404 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning C2-1Vl-Cpio

    Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-08T23:42:52.703. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Mark Wise | Bennion Deville Homes
    71691 Highway 111
    Rancho Mirage CA, 92270