Price Reduction
Address
5928 S Hoover Street Los Angeles, CA
Price
$ 1,625,000
Property Attributes
- MLS#DW21045209
- TypeIncome
- CountyLOS ANGELES
- CityLos Angeles
- AreaMetropolitan South
- Zip90044
- Style
- Price$ 1,625,000
- Bedrooms8
- Full Bathrooms8
- Half Bathrooms0
- Lot Size10,454 SqFt
Listing Provided Courtesy Of:
Jorge Lopez with Corcoran Global Living.
Data Source:
CRMLS
Property Description
Price Reduction! 8 Units + 2 ADUs with 5 Vacancies priced at only 203k/door and 282/SF. Large 5,760 SF bungalow-style value add Fixer at an incredible Current Cap Rate of 7.5% and GRM of 10 after renovations. There is a 35% upside to an 11 % Cap Rate and 7.5 GRM on the Proforma. Excellent up and coming location minutes from Banc of California Stadium, USC, and Inglewood. Potential to reconfigure the layouts to create additional beds and maximize rents. Potential of adding 2 ADUs in the back to reduce the price to only 162k/door. Individually metered for Gas & Electricity. Large 10,268 SF C2 Lot for future
| Price History | |
|---|---|
| 3/4/2021 | Listed $1,650,000 |
| 3/24/2021 | 2% - $1,625,000 |
General Features
| Community Features | Sidewalks |
|---|---|
| Levels | One |
| MLS Area | C37 - Metropolitan South |
| Pool Features | None |
| Property Type | Residential Income |
| Sewer | Public Sewer |
| Terms | Submit |
| Total Units | 8 |
| Water Sewer Expense | 600 |
| Zoning | LAC2 |
Interior Features
| Common Walls | No Common Walls |
|---|---|
| Laundry Features | None |
Exterior Features
| Lot Size Acres | 0.24 |
|---|---|
| Lot Size Area | 10554 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 10554 |
| Lot Size Units | Square Feet |
| Number of Buildings | 4 |
| Number of Separate Electric Meters | 8 |
| Number of Separate Gas Meters | 8 |
| Number of Separate Water Meters | 1 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 90044
Price
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of April 15, 2021 2:41 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Greater Antelope Valley Association of Realtors®: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
