5324 S Hoover, Los Angeles, CA 90037
5324 S Hoover, Los Angeles, CA 90037
5324 S Hoover, Los Angeles, CA 90037
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Mike Jones

Mike Jones

+1(480) 326-9233
$650,000
Est. payment /mo
2 Beds
4 Baths
5,228 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26186494

Bedrooms 2

Lot Size 5,228 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Mixed-use value-add opportunity in South Los Angeles consisting of six units, including five residential units and one commercial space. The property contains approximately 4,268 SF of net rentable building area on a 5,227 SF lot and offers a combination of existing income and significant potential for future rent growth. The current unit mix includes two studios, two 1-bedroom/1-bath units, one 2-bedroom/1-bath unit, and one commercial space. The property also includes four garage/parking spaces, creating additional potential for income or possible ADU conversion, subject to applicable zoning, permitting, code requirements, and feasibility. The commercial component may also present an opportunity for conversion to residential use, subject to applicable approvals. Located in a central South Los Angeles location with convenient access to Downtown Los Angeles, USC, Inglewood, major freeways, and public transportation. The property's mixed-use configuration, existing residential units, garage area, and potential for increased rental income provide multiple avenues for long-term value creation.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Hoover and 53rd

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5001026011

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

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MLS Router / San Diego MLS
Listed by Christopher Martinez Diaz, DRE#01917060 Vinco Vinco Realty & Investments Inc 

Nearby School & Business

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Mike Jones

Mike Jones

+1(480) 326-9233

Agent CA BRE #01094232

Agent CA BRE #01094232

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