$1,720,000
543 N Hoover Street Los Angeles, CA 90004
Save Share
Schedule a Tour
8
See all 8 photos
$1,720,000
Est. payment /mo
4,736 SqFt
Active
543 N Hoover Street Los Angeles, CA 90004
UPDATED:
11/14/2024 02:20 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,736 sqft
Price per Sqft $363
MLS Listing ID CL24460735
HOA Y/N No
Year Built 1958
Lot Size 7,499 Sqft
Acres 0.17
Property Description
DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. We are pleased to present 543-545 North Hoover Street, an eight-unit apartment community located just minutes from the vibrant Sunset Junction neighborhood. Nestled in one of Los Angeles' most walkable neighborhoods, this area has experienced a surge in popularity and rental demand, driven by an array of artisanal coffee shops, cafes, local retailers and bars. Constructed in 1958 and 1962, the property features both one and two-bedroom units, with eight on-site parking spaces. Currently, tenants are paying below-market rents compared to similar properties in the area. By renovating the units and aligning rents with market rates, a savvy investor could realize an impressive 83% rental upside, unlocking significant long-term appreciation potential. 543-545 North Hoover Street offers substantial potential rental upside and appreciation in a thriving neighborhood.
Location
State CA
County Los Angeles
Area Listing
Zoning LAR3
Interior
Fireplace No
Exterior
Parking Type None
Building
New Construction No
Others
Tax ID 5539028008
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Sean Rosenzweig • Marcus & Millichap
GET MORE INFORMATION
