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5926 S Hoover St
Los Angeles, CA 90044 Vermont Harbor

$3,700,000 USD

Apartments For Sale  •  6,709 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,709 SF
  • Lot Size 0.24 AC
  • Building Class C
  • Year Built 1923
  • Cap Rate 7.25 %
  • Zoning C2
68 Transit Score
82 Walk Score

Highlights

7.25% Cap Rate and 10.1 GRM from day one.
New roofs, electrical, plumbing, HVAC systems, and a fire sprinkler system.
New fire sprinkler system reduces insurance costs in California.
Potential for 10.45% Cap Rate and 7.45 GRM.
Plans to convert 2 existing detached ADUs into 6 for further upside (4 additional)

Property Flyers

Cap Rate: 7.25 %

Amenities

  • Hardwood Floors
  • Patio
  • Public Transportation

Public Transportation

Commuter RailDriveWalkDistance
11 min - 7.4 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)) 14 min - 7.6 mi
AirportDriveWalkDistance
Los Angeles International 17 min - 9.0 mi
Long Beach (Daugherty Field) 25 min - 18.3 mi
Bob Hope 31 min - 22.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Armin Soleimani 310-666-2246 Global Platinum Properties
Armin Soleimani 310-666-2246 Global Platinum Properties