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171 S Hoover

Los Angeles, CA 90004
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$3,495,000 $14,735/Mo
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Bed 19

Bed

Bath 16

Bath

SqFt7,484

Sqft(Lot)

171 S Hoover St is a 2025-built, NON-RENT-CONTROLLED luxury 6-unit investment opportunity located between Silver Lake, Echo Park, Koreatown and Downtown Los Angeles. The property is 100% leased at market rents and delivers a strong 5.73% real cap rate with $251,760 in annual gross potential income, offering an investor immediate, stabilized cash flow from day one. Spanning nearly 7,200 square feet, Hoover features an exceptional oversized unit mix with three large 4-bedroom units, one 3-bedroom unit and two spacious 2-bedroom units. The residences boast tenant-friendly floorplans that live more like private homes than traditional apartments. Each unit offers high-end modern finishes including large kitchen islands, floor-to-ceiling windows, walk-in closets, central HVAC, in-unit washe rs and dryers, and expansive private balconies. The location provides tenants with convenient access to major entertainment, healthcare and employment centers, including Netflix, Paramount Studios, Kaiser Permanente Los Angeles Medical Center and Sunset Gower Studios. Centrally positioned near Hollywood, Koreatown, Los Feliz and Silver Lake, providing residents with easy access to some of Los Angeles’s best shopping, dining, nightlife and entertainment. With newer construction, no rent control, fully stabilized market rents, oversized units, and strong day-one income, 171 S Hoover offers a rare opportunity to acquire a turnkey multifamily asset in one of LA’s most active rental markets.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,495,000

AD Id : 91447844

MLS Id : BB26208194

Beds : 19

Lot Size : 7,484 Sq. Ft

Year Built : 2025

Garage : 6

County : Los Angeles

  • Map Map

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Feature Features

  • Interior Features

    Appliances: ElectricOven, Freezer, GasRange, Microwave, Refrigerator, Dryer, Washer
    Laundry Features: WasherHookup, ElectricDryerHookup, Inside

  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 2025
    Building Area Total: 6988
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 7484 Lot Size Acres: 0.1718 Lot Size Source: Assessor Lot Size Square Feet: 7,484 Lot Description: Landscaped

  • Listing Price Information

    Listing Price: $3495000
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  • Tax Information

    Parcel Number: 5501018016 Tax Lot: 15

  • Virtual Tour

    Virtual Tour (External Link)

    Parking Information

    Parking Total: 6 Assigned

    Garage Information

    Has Garage: Yes Garage Space: 6

  • Location Information

    Direction: From the 101 Freeway, exit at Alvarado Street and head south. Turn right on Beverly Boulevard, then left on S Dillon Street. Continue to S Hoover Street. The property is at 171 S Hoover Street, near the corner of Hoover and Dillon. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
149 N Alexandria, Los Angeles, CA, 90004 $1,750,000 8 8 -- 6,002 Sq. Ft
132 N Normandie, Los Angeles, CA, 90004 $1,650,000 8 7 -- 5,751 Sq. Ft
222 N Manhattan, Los Angeles, CA, 90004 $6,249,000 3 3 -- 6,895 Sq. Ft

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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/25/2026 @ 16:32

MLS: BB26208194 LISTED BY: Lauren Cearley, Myunits.com Inc. 844-698-6487 SOURCE: CRMLS

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