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1145 N Hoover St
Los Angeles, CA 90029 East Hollywood

$1,300,000 USD

Multifamily For Sale  •  5,048 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 5,048 SF
  • Year Built 1963
  • Zoning LAR2
80 Transit Score
80 Walk Score

Highlights

7-unit East Hollywood offering bordering Silver Lake, priced at $185,714 per unit and $258 per SF, within walking distance to Sunset Junction.
Approx. 70% rental upside with projected stabilization at a 10.72% CAP and 6.62 GRM based on renovated comps.
Priced among the 3 lowest offerings within a one-mile radius on a per-unit and per-foot basis.
Unit mix of (2) 2-bdrm. and (5) 1-bdrm. units with approx. 7 on-site parking spaces.
First time on the market in 47 years with seismic retrofit completed and systems well maintained.
Walkable Sunset Junction location with pricing and upside that position the property for a clear repositioning strategy.

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 7 min - 3.4 mi
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 8 min - 4.3 mi
Transit/SubwayDriveWalkDistance
Vermont/Santa Monica Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 11 min 0.6 mi
Vermont/Sunset Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 15 min 0.8 mi
AirportDriveWalkDistance
Bob Hope 20 min - 11.5 mi
Los Angeles International 28 min - 16.4 mi
Long Beach (Daugherty Field) 37 min - 25.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 7
Type: Surface
Included in Rent: Yes
Kenny Stevens 310-968-7005 Compass
Kenny Stevens 310-968-7005 Compass