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5928 S Hoover Street, Los Angeles, CA 90044

Los Angeles
Local realty services provided by:CENTURY 21 LOTUS
5928 S Hoover Street,Los Angeles, CA 90044
$3,300,000
  • - Beds
  • - Baths
  • 6,709 sq. ft.
  • Multi-family
  • Active
Listed by: handoko chen
Office: growth investment group pasade626-594-4900
MLS#:AR26137954
Source:CRMLS

Price summary

  • Price:$3,300,000
  • Price per sq. ft.:$491.88

About this home

2ND Price Reduction! Renovated 15-unit building (13 Units + 2 Brand New Non-RSO ADUs) cash flowing at a whopping 8% In-place CAP Rate providing over 12% Cash-on-cash return. Major capital improvements completed including new roofs, new electrical, new plumbing, new double pane windows throughout, new exterior paint, new entrance gate, new landscaping, and 10 of the 13 units have been completely upgraded + 2 New ADUs in the back (Not Subject to Rent Control). It offers significant upside to a 9.7% Proforma CAP Rate upon the remaining 3 non-upgraded units turnover. Combine this high return + its newer year built + ease of maintenance, this offering is perfect for a 1031 exchange buyer or an experienced investor looking for high cash flow + easy to maintain assets. The main property was built in 1923 and completely renovated with permits in 2023. The building offers single-story spanish style units with an efficent mix for the area, consisting of ten (10) 1bed+1bath and five (5) Studio...

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Home facts

  • Year built:1923
  • Listing ID #:AR26137954
  • Added:62 day(s) ago
  • Updated:August 26, 2026 at 10:39 AM

Rooms and interior

  • Flooring:Laminate, Vinyl, Wood
  • Kitchen Description:Gas Range, Range Hood, Refrigerator
  • Living area:6,709 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Roof:Flat
  • Year built:1923
  • Building area:6,709 sq. ft.
  • Lot area:0.24 Acres
  • Lot Features:Level with Street, Near Public Transit, Rectangular Lot, Street Level
  • Architectural Style:Spanish
  • Construction Materials:Stucco
  • Levels:1 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$3,300,000
  • Price per sq. ft.:$491.88
  • Tax amount:$41,558
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