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4040-4060 S Hoover St
Los Angeles, CA 90037 Vermont Harbor

$8,250,000 USD

Apartments For Sale  •  35,724 SF

Property Details

  • Property Type Apartments
  • Total Building Size 25,824 SF
  • Lot Size 0.72 AC
  • Building Class B
  • Year Built 1987
  • Cap Rate 6.48 %
  • Zoning LARD1.5
80 Transit Score
70 Walk Score

Highlights

19 of 24 units fully renovated with high-end finishes; 5 units offer value-add upside
Major capital improvements: new windows, plumbing, roofing, lighting & security cameras
RUBS implemented for water, trash & sewer, reducing owner-borne expenses and growing NOI
Walking distance to USC, BMO Stadium, LA Memorial Coliseum & forthcoming Lucas Museum
Cap Rate: 6.48 %

Amenities

  • 24 Hour Access
  • Controlled Access

Public Transportation

Commuter RailDriveWalkDistance
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 - 6.1 mi
Cal State LA (San Bernardino Line - Southern California Regional Rail Authority (Metrolink)) 12 min - 9.9 mi
Transit/SubwayDriveWalkDistance
Expo/Vermont (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 14 min 0.7 mi
Expo Park/USC (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 14 min 0.8 mi
Jefferson/USC (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 19 min 1.0 mi
AirportDriveWalkDistance
Los Angeles International 18 min - 14.8 mi
Bob Hope 27 min - 20.5 mi
Long Beach (Daugherty Field) 22 min - 20.7 mi
Nabil Awada 310-844-9362 Matthews Real Estate Investment Services
Nabil Awada 310-844-9362 Matthews Real Estate Investment Services