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4504 S Hoover Street

Los Angeles, CA 90037
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Bed 10

Bed

Bath 9

Bath

SqFt6,342

Sqft

SqFt6,540

Sqft(Lot)

Rare 9-unit value-add opportunity on the southeast corner of Hoover and W 45th, minutes from USC, Exposition Park, and the 110. Three buildings on one corner lot: two 2-story Spanish-style fourplexes plus a detached rear home, in all 8 one-bedroom units and 1 two-bedroom, 100% occupied. Approximately $107,300 in documented capital improvements since 2022, including new cool roofs on both fourplex buildings (2026), two full unit renovations, upgraded kitchens and baths, flooring, paint, water heaters, and electrical and plumbing repairs throughout. Four units are Section 8 with reliable HACLA-paid rents. Significant rental upside: most one-bedrooms rent well below the current HACLA payment standard of $1,793. Strong current cash flow with a clear path to a 6%+ cap rate at market rents. Addi tional income potential from an on-site laundry room with owner-owned machines. Units separately metered for gas and electricity. A clean, well-documented asset with detailed financials and improvement history available. Seller will cooperate with buyer's 1031 exchange.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,300,000

AD Id : 91221453

MLS Id : 26986497

Beds : 10

Lot Size : 6,540 Sq. Ft

Living Area Size : 6,342 Sq. Ft

Year Built : 1908

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 10

    Bathroom Information

    Total Baths: 9

    Roofing Information

    Bitumen, Composition, Shingle

    Flooring Information

    Tile
  • Interior Features

    CeilingFans
    Roof: Bitumen, Composition, Shingle
    Appliances: GasRange, Refrigerator, VentedExhaustFan
    Laundry Features: CommonArea
    Window Features: Blinds, Drapes, FrenchMullioned, Screens

  • Building Information

    Year Built: 1908
    Building Area Total: 6342
    Construction Materials: Stucco
    Stories: 2
    Patio And Porch Features: None
    Pool Features: None
    Private Pool: No

  • Lot Information

    Lot Dimensions: 150x44 Main Square Feet: 6540 Lot Size Acres: 0.1501 Lot Size Square Feet: 6,540

  • Listing Price Information

    Listing Price: $2300000
    Cash, Conventional

  • Tax Information

    Parcel Number: 5018030013

  • Location Information

    Direction: Southeast corner of Hoover St & W 45th St. From the 110, exit Vernon Ave west to Hoover, north to property.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
158 W Martin Luther Kin.., Los Angeles, CA, 90037 $998,000 11 5 -- 6,001 Sq. Ft
160 W 48th, Los Angeles, CA, 90037 $689,900 3 3 1,152 4,752 Sq. Ft
208 W 49th Street, Los Angeles, CA, 90037 $899,000 7 4 2,198 5,446 Sq. Ft
336 W 45th Street, Los Angeles, CA, 90037 $849,900 5 3 1,728 5,408 Sq. Ft
4207 S Flower Street, Los Angeles, CA, 90037 $999,900 4 4 3,672 6,006 Sq. Ft
4260 S Figueroa Street, Los Angeles, CA, 90037 $1,100,000 4 4 4,516 7,510 Sq. Ft
602 W 40th Place, Los Angeles, CA, 90037 $1,600,000 10 5 3,692 6,752 Sq. Ft
536 W 42nd Street, Los Angeles, CA, 90037 $1,049,900 6 2 1,983 4,327 Sq. Ft
434 W 48th Street, Los Angeles, CA, 90037 $675,000 3 2 1,218 6,081 Sq. Ft
522 W Vernon Avenue, Los Angeles, CA, 90037 $1,600,000 9 -- 3,346 7,248 Sq. Ft

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 09/16/2026 @ 22:09

MLS: 26986497 LISTED BY: Eric Hecht, Eric Hecht 310-497-3835 SOURCE: CRMLS

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