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1200 S Hoover St
Los Angeles, CA 90006 Pico-Union

Price Upon Request

Apartments For Sale  •  41,172 SF

Property Details

  • Property Type Apartments
  • Total Building Size 41,172 SF
  • Lot Size 0.3 AC
  • Building Class B
  • Year Built 1924
  • Zoning R4-1
76 Transit Score
94 Walk Score

Highlights

Excellent value-add investment opportunity with strong cash flow and substantial upside potential.
Desirable unit mix of (63) studios, (4) 1+1 all separately metered for electricity.
Additional income being generated from on-site laundry and storage.
Property features controlled access, storage, well-designed units, and outdoor seating area.
Opportunity to increase revenue by implementing a RUBS program to charge back for utilities.
Adjacent property at 1209 S Lake & 2210 W 12th St is also for sale (94 Units & 6,000 SF Parking Lot).

Amenities

  • Air Conditioning
  • Controlled Access
  • Disposal
  • Laundry Facilities
  • Security System
  • Gated
  • Heating
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Walk-In Closets

Public Transportation

Commuter RailDriveWalkDistance
8 min - 3.7 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 11 min - 3.8 mi
Transit/SubwayDriveWalkDistance
Westlake/MacArthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 15 min 0.8 mi
AirportDriveWalkDistance
Los Angeles International 24 min - 13.5 mi
Bob Hope 26 min - 13.7 mi
Long Beach (Daugherty Field) 32 min - 22.5 mi