Active

1329 S Hoover Street

Los Angeles, CA 90006
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Bed 4

Bed

Bath 3

Bath

SqFt4,752

Sqft

SqFt13,500

Sqft(Lot)

Subject: Just Released: 15 Units in Central LA at $2.9M, 40% Delivered Vacant | 13291335 S. Hoover St. Hi, if you have a client sitting on equity, eyeing a 1031 exchange, or asking you about "investment property," this one's for them.I'm excited to share the updated Offering Memorandum for 13291335 S. Hoover Street. It's a 15-unit, two-building multifamily offering in Central Los Angeles (Pico-Union / Koreatown), now priced at $2,900,000. The full OM is attached. THE HEADLINE NUMBERS* Price: $2,900,000, or $193,333 per unit* 15 units across two buildings on two parcels (APNs 5056-008-016 & -017)* Approx. 13,500 SF total lot (approx. 6,750 SF per parcel)* Year-1 stabilized NOI: $194,170, a 6.70% cap rate on the asking price* Built 195562 | LAR4 zoning | 14 parking spaces | on-site laundry WHY IT STANDS OUT* 6 of 15 units (40%) are VACANT TODAY. They deliver straight to market with no cash-for-keys and no relocation.* Vacant units reset to market on lease-up under Costa-Hawkins, so a buyer creates value from day one.* Occupied rents average ~$577 vs. a ~$1,637 underwritten market rent, giving long-term upside on turnover.* Low basis: under $200K/unit vs. a ~$280310K metro average.* Prime location near Koreatown, Downtown LA, and USC. PERFECT FOR* 1031 exchange buyers* All-cash investors* Private equity and value-add groups* Your homeowner clients who are ready to trade up into income property LET'S WORK TOGETHERIf you have a buyer, a 1031 client, or someone who's been asking about getting into multifamily, I'd love to connect. Reach out with questions, to schedule a tour, or to talk through how we can team up on a deal.Thanks, and here's to closing more together!Best regards,Dimitri ScourkesSenior Vice President, Commercial DivisionColdwell Banker Commercial | Scourkes GroupDirect: 310.614.6341dimitri.scourkes@cbrealty.com | dimitri@scourkesgroup.comscourkesgroup.com | cbcworldwide.com301 N Caon Dr, Suite E, Beverly Hills, CA 90210CA License #01271646Retail * Investment Sales * NNN * Petroleum & Convenience Confidential. For qualified investors only. Not an offer to buy or sell. Figures are estimates. Confirm rent roll, RSO status, year built, and condition. Equal Housing Opportunity. 2026 Scourkes Group | Coldwell Banker Commercial.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,900,000

AD Id : 91730808

MLS Id : 26998265

Beds : 4

Lot Size : 13,500 Sq. Ft

Living Area Size : 4,752 Sq. Ft

Year Built : 1955

County : Los Angeles

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Feature Features

  • Interior Features

    Appliances: Microwave, Refrigerator
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: WallWindowUnits

  • Building Information

    Year Built: 1955
    Building Area Total: 4752
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 13500 Lot Size Acres: 0.3099 Lot Size Source: Estimated Lot Size Square Feet: 13,500

  • Listing Price Information

    Listing Price: $2900000

  • Tax Information

    Parcel Number: 5056008016

  • Location Information

    Direction: From the 10 freeway, take S. Hoover north, and it is between Pico and Venice. And just a few miles North of USC
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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 10/11/2026 @ 02:55

MLS: 26998265 LISTED BY: Dimitri J.S. Scourkes, Coldwell Banker Realty 310-777-6200 SOURCE: CRMLS

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