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Listing Details

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School Ratings & Info

Description

8639 S Hoover Street is quadraplex offering all 1 bed / 1 bath units located in Los Angeles, CA. Built in 1928, this +/-2,116 SF + 607 SF ADU building sits atop a +/-6,045 SF lot. With three (units 8639, 8639 1/4, and 8639 1/2)of the four units vacant, a savvy investor has the opportunity to capture market rents with little-to-no additional capital needed in the existing units and an opportunity to utilize thirty year financing for five units upon the completion of the 607 SF, 3 bed / 2 bath garage conversion accessory dwelling unit.This freshly painted Spanish style building is secure and gated with a wrought iron fence. Each unit features a private entrance and has additional open parking behind the building. This property's location and zoning make it a prime asset for investment.This property is adjacent to Inglewood, Huntington Park and Gardena in South Los Angeles. With easy access to the 110 Freeway and a short 16 minute drive to the University of Southern California, this building is the perfect location for students or commuters. This building is located near many major markets such as Ralph's, Superior Grocers and Smart and Final and surrounded by lo \cal grocers and takeout options on both Western Ave and Manchester Ave.THE SF REPRESENTED INCLUDES THE GARAGE CONVERSION ACCESSORY DWELLING UNIT

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T00:27:35.857. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
www.findorangecountyhomelistings.com/homes/119557005
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8639 S Hoover Street Los Angeles (City), CA 90044

  • Price: $839,000
  • Status: Active
  • ID#: P1-5831
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1928
Built
Neighborhood:
Not Applicable
County:
Los Angeles
Property Description
8639 S Hoover Street is quadraplex offering all 1 bed / 1 bath units located in Los Angeles, CA. Built in 1928, this +/-2,116 SF + 607 SF ADU building sits atop a +/-6,045 SF lot. With three (units 8639, 8639 1/4, and 8639 1/2)of the four units vacant, a savvy investor has the opportunity to capture market rents with little-to-no additional capital needed in the existing units and an opportunity to utilize thirty year financing for five units upon the completion of the 607 SF, 3 bed / 2 bath garage conversion accessory dwelling unit.This freshly painted Spanish style building is secure and gated with a wrought iron fence. Each unit features a private entrance and has additional open parking behind the building. This property's location and zoning make it a prime asset for investment.This property is adjacent to Inglewood, Huntington Park and Gardena in South Los Angeles. With easy access to the 110 Freeway and a short 16 minute drive to the University of Southern California, this building is the perfect location for students or commuters. This building is located near many major markets such as Ralph's, Superior Grocers and Smart and Final and surrounded by lo \cal grocers and takeout options on both Western Ave and Manchester Ave.THE SF REPRESENTED INCLUDES THE GARAGE CONVERSION ACCESSORY DWELLING UNIT
Exterior Features

Entry Location Each Private Fencing Excellent ConditionWrought Iron Lot Features Sprinklers None Number Of Separate Electric Meters 4 Parking Features Door-SingleGarageOff Street Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View None View YN No

Interior Features

Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Heating None Heating YN No

Property Features

Cap Rate 6.21 Community Features Street LightsUrban Garage YN Yes Gross Income 72252 Gross Scheduled Income 72252 Insurance Expense 846 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 2400 Net Operating Income 52109 New Taxes Expense 10655 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 1 Operating Expense 17975 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 72252 Trash Expense 0 Vacancy Allowance 3 Water Sewer Expense 3600 Zoning Lard2

Listing provided courtesy of Casey Picard of Keller Williams Realty


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T00:27:35.857. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
 
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Latrice Deluna Homes | The Orion Group
4533 MacArthur Blvd Ste 5074
Newport Beach CA, 92660