7620 S Hoover Los Angeles, CA 90044
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25281839
HOA Y/N No
Year Built 1955
Lot Size 6,764 Sqft
Property Sub-Type Quadruplex
Property Description
the Los Angeles–Long Beach–Anaheim MSA, the second-largest metropolitan area in the nation with a population of 12.9 million. The
property is offered at $950,000, representing an existing cap rate of 5.38% and a price per square foot of $256.90, positioning it as an
accessible entry point into a highly coveted Los Angeles submarket.
Originally built in 1955 with updates in 1965, the asset sits on 0.16 acres and consists of a single two-story concrete building totaling
3,698 rentable square feet across four units. Current physical occupancy is 75%, with stable Section 8 income providing downs ide
protection and the opportunity for rental upside through improved operations and lease-up.
The property is strategically located near the intersection of S Hoover Street and W 77th Street, offering excellent accessibility just
adjacent to Interstate 110, which carries a daily traffic count of approximately 14,011 vehicles. Its central location places it minutes from
major demand drivers, including SoFi Stadium, Intuit Dome, LA Live, the Memorial Coliseum, BMO Stadium, 4 miles south of USC, and 10
miles east of LAX.
With strong visibility, proximity to major employment and entertainment hubs, and long-term housing demand fundamentals, this
offering represents a compelling opportunity to acquire a stabilized income-producing asset with upside potential in one of the most
resilient rental markets in the country.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Gas Oven
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Electricity Connected, Water Connected
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Corner Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6020019026
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
- 8
Global Education Academy
Public | KG - 5
- 8
Synergy Charter Academy
Public | KG - 5
- 8
Celerity Dyad Charter
Public | KG - 8
- 7
New Heights Charter
Public | KG - 8
- 7
Aspire Juanita Tate Academy
Public | KG - 6
- 6
Kipp Empower Academy
Public | KG - 4
- 6
Menlo Avenue Elementary
Public | KG - 5
- 6
Watts Learning Center
Public | KG - 5
- 6
99th Street Elementary School
Public | PK - 6
- 6
Center for Advanced Learning
Public | KG - 5
- 5
Kipp Academy of Opportunity
Public | 5 - 8
- 5
74th Street Elementary School
Public | KG - 5
- 5
Kipp Scholar Academy
Public | 5 - 8
- 5
La Salle Avenue School
Public | KG - 5
- 5
Accelerated
Public | KG - 8
- 5
Accelerated Elementary Charter
Public | KG - 6
- 5
118th Street Elementary
Public | KG - 5
- 5
66th Street Elementary School
Public | KG - 6
- 5
Quincy Jones Elementary
Public | KG - 5
- 5
Kipp Philosophers Academy
Public | 5 - 8
- 6
Alliance Ouchi-O'Donovan 6-12 Complex
Public | 6 - 12
- 6
Alliance College-Ready Middle Academy No. 4
Public | 6 - 8
- 5
Synergy Kinetic Academy
Public | 6 - 8
- 4
Alliance Jack H. Skirball Middle School
Public | 6 - 8
- 4
Thomas Alva Edison Middle School
Public | 6 - 8
- 4
Dr. Julian Nava Learning Academy - School of Business & Tech
Public | 6 - 8
- 3
Animo Jefferson Charter Middle School
Public | 6 - 8
- 2
Albert F. Monroe Elementary School
Public | 6 - 8
- 2
Bethune Middle School
Public | 7 - 8
- 2
Animo Charter Middle No. 2
Public | 6 - 8
- 2
Drew Middle School
Public | 7 - 8
- 1
Audubon Middle School
Public | 6 - 8
- 1
View Park Preparatory Accelerated Charter Middle School
Public | 6 - 8
- 1
Century Academy for Excellence
Public | 6 - 8
- 1
Horace Mann Junior High School
Public | 6 - 8
- 1
Barack Obama Global Preparation Academy
Public | 6 - 8
- 1
John Muir Middle School
Public | 6 - 8
- 1
Bret Harte Preparatory
Public | 6 - 8
- 1
Samuel Gompers Middle School
Public | 6 - 8
- 1
Watts Learning Center Charter Middle School
Public | 6 - 8
- 8
Animo Inglewood Charter High School
Public | 9 - 12
- 8
Middle College High School
Public | 9 - 12
- 8
Wallis Annenberg High School
Public | 9 - 12
- 8
Alliance College-Ready Academy High No. 5
Public | 9 - 12
- 8
Animo Pat Brown
Public | 9 - 12
- 7
Alliance Judy Ivie Burton Technology Academy High School
Public | 9 - 12
- 7
Student Empowerment Academy
Public | 9 - 12
- 6
Crenshaw Arts-Technology Charter High School
Public | 9 - 12
- 6
Animo Ralph Bunche High School
Public | 9 - 12
- 5
View Park Preparatory Accelerated High School
Public | 9 - 12
- 5
Alliance Renee and Meyer Luskin Academy High School
Public | 9 - 12
- 5
Animo South los Angeles Charter
Public | 9 - 12
- 5
Public Service Community High School - Diego Rivera Learning Complex
Public | 9 - 12
- 4
Synergy Quantum Academy
Public | 9 - 12
- 4
Green Design STEAM Academy - Diego Rivera Learning Complex
Public | 9 - 12
- 4
Nava College Preparatory Academy
Public | 9 - 12
- 3
Communication & Technology School - Diego Rivera Learning Complex
Public | 9 - 12
- 2
Augustus F. Hawkins High School - Critical Design and Gaming
Public | 9 - 12
- 2
Dymally High School
Public | 9 - 12
- 2
Performing Arts Community School - Diego Rivera Learning Complex
Public | 9 - 12
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