5928 S Hoover Street
Los Angeles, CA 90044
1
Bed
2
Bath
10,557Sqft(Lot)
2ND Price Reduction! Renovated 15-unit building (13 Units + 2 Brand New Non-RSO ADUs) cash flowing at a whopping 8% In-place CAP Rate providing over 12% Cash-on-cash return. Major capital improvements completed including new roofs, new electrical, new plumbing, new double pane windows throughout, new exterior paint, new entrance gate, new landscaping, and 10 of the 13 units have been completely upgraded + 2 New ADUs in the back (Not Subject to Rent Control). It offers significant upside to a 9.7% Proforma CAP Rate upon the remaining 3 non-upgraded units turnover. Combine this high return + its newer year built + ease of maintenance, this offering is perfect for a 1031 exchange buyer or an experienced investor looking for high cash flow + easy to maintain assets. The main property was built
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: FlatAppliances: GasRange, Refrigerator, RangeHoodLaundry Features: None -
Heating & Cooling
Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: WallWindowUnits
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Building Information
Year Built: 1923Building Area Total: 6709Construction Materials: StuccoStories: 1Pool Features: NonePrivate Pool: NoView: None
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Lot Information
Main Square Feet: 10557 Lot Size Acres: 0.2424 Lot Size Source: Assessor Lot Size Square Feet: 10,557 Lot Description: Level,NearPublicTransit,RectangularLot,StreetLevel
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Listing Price Information
Listing Price: $3300000Cash, CashToNewLoan
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Tax Information
Parcel Number: 6004031040 Tax Lot: 19 Annual Tax: $41558
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Virtual Tour
Parking Information
None
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Utility Information
CableConnected, ElectricityConnected, NaturalGasConnected, PhoneNotAvailable, SewerConnected, WaterConnected -
Location Information
Direction: 110 FWY, EXIT SLAUSON GO WEST AND THEN SOUTH ON HOOVER ST. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 840 W 81st, Los Angeles, CA, 90044 | $975,000 | 7 | 6 | -- | 9,306 Sqft |
| 925 W 84th, Los Angeles, CA, 90044 | $1,525,000 | 9 | 7 | -- | 9,154 Sqft |
| 1043 W 95th Street, Los Angeles, CA, 90044 | $1,125,000 | 7 | 6 | -- | 9,232 Sqft |
| 1035 W 107th, Los Angeles, CA, 90044 | $1,199,000 | 11 | 7 | -- | 9,211 Sqft |
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ByOwner last updated this listing 09/02/2026 @ 17:14
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