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5928 S Hoover Street

Los Angeles, CA 90044
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Bed 1

Bed

Bath 2

Bath

SqFt10,557

Sqft(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 in 1923 and completely renovated with permits in 2023. The building offers single-story spanish style units with an efficent mix for the area, consisting of ten (10) 1bed+1bath and five (5) Studio units. The property sits on a large 10,554 SF C2 zoned lot and includes RTI plans to convert 2 brand new ADUs into 6 ADUs, adding additional 4 units. It is centrally located in a highly desirable area just minutes away from the home of LAFC our city’s premier professional soccer team, BMO Stadium, USC, Crypto Arena, Home of the Lakers, Clippers, and LA Kings. ) Expo Park and the Metro Green Line. These properties are in a high density and high demand area which provides a consistent flow of renters for future vacancies. The units are individually metered for electricity and gas and tenants pay for trash therefore minimizing the operating expenses.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,300,000

AD Id : 85809176

MLS Id : AR26137954

Beds : 1

Lot Size : 10,557 Sqft

Year Built : 1923

County : Los Angeles

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Feature Features

  • Interior Features

    Roof: Flat
    Appliances: GasRange, Refrigerator, RangeHood
    Laundry Features: None
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: WallWindowUnits

  • Building Information

    Year Built: 1923
    Building Area Total: 6709
    Construction Materials: Stucco
    Stories: 1
    Pool Features: None
    Private Pool: No
    View: None

  • 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

  • Listing Price Information

    Listing Price: $3300000
    Original Price: $3400000
    Cash, CashToNewLoan

  • Tax Information

    Parcel Number: 6004031040 Tax Lot: 19 Annual Tax: $41558

  • 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
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5879 Bonsallo Avenue, Los Angeles, CA, 90044 $700,000 4 3 1,993 1,993 SqFt
666 W 62nd Street, Los Angeles, CA, 90044 $605,000 3 2 1,497 1,497 SqFt
657 W 66th Street, Los Angeles, CA, 90044 $490,000 1 1 560 560 SqFt
603 W 75th, Los Angeles, CA, 90044 $699,999 11 5 --
633 W 75th Street, Los Angeles, CA, 90044 $869,000 5 2 1,800 1,800 SqFt
850 W Gage Avenue, Los Angeles, CA, 90044 $1,695,000 12 8 4,813 4,813 SqFt
854 W 64th Street, Los Angeles, CA, 90044 $599,999 2 1 975 975 SqFt
710 W 76th Street, Los Angeles, CA, 90044 $949,999 5 -- 2,864 2,864 SqFt
700 W 77th, Los Angeles, CA, 90044 $900,000 6 2 2,688 2,688 SqFt
522 W 82nd St, Los Angeles, CA, 90044 $1,650,000 -- -- 5,234 5,234 SqFt

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 08/10/2026 @ 14:35

MLS: AR26137954 LISTED BY: Handoko Chen, Growth Investment Group Pasade 626-594-4900 SOURCE: CRMLS

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