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5928 S Hoover St
Los Angeles, CA 90044 Vermont Harbor

$3,500,000 USD

Multifamily For Sale • 6,709 SF

Property Details

Property Type Multifamily
Total Building Size 6,709 SF
Lot Size 0.24 AC
Year Built 1923
Zoning LAC2

70 Transit Score

60 Walk Score

                
                    Highlights
                
                                7.75% In-Place CAP Rate - ±11.16% Cash-on-Cash Return! 15-Unit Turnkey Investment with 2 Brand New ADUs & RTI Expansion Plans 
                            
                                Heavily Upgraded Single-Story Spanish Mission Style Apartment - Ideal 1031 Exchange Property
                            
                                Strategically located across from Augustus Hawkins High School, minutes to USC, Exposition Park, BMO Stadium, LA Memorial Coliseum, nearby major tra
                            
                                Architectural Appeal: Highly desirable single-story Spanish Mission Style layout featuring clean lines, a secure entrance gate, and low-maintenance 
                            
                                Significant CapEx Completed (2023): Major structural and cosmetic upgrades include new roofs, updated electrical and plumbing, new dual-pane windows
                            
                                Turnkey Interiors: 10 of the original 13 units have been fully renovated down to the studs with permits, featuring new flooring, kitchens, bathrooms

Property Flyers

Flyer-5928SHoover-R5

Amenities

Air Conditioning
Cable Ready
Disposal
Kitchen
Oven
Stainless Steel Appliances
Tub/Shower
Double Pane Windows

Public Transportation

Commuter Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	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))	13 min	-	7.6 mi
Airport	Drive	Walk	Distance
Los Angeles International	17 min	-	9.1 mi
Long Beach (Daugherty Field)	24 min	-	18.4 mi

Han Widjaja-Chen 626-594-4900 Growth Investment Group California

5928 S Hoover St Los Angeles, CA 90044 Vermont Harbor