Homes for sale - 543 N Hoover ST, Los Angeles, CA 90004

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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,720,000

Est. payment - /mo

10 Beds

8 Baths

4,736 SqFt

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UPDATED:

11/14/2024 02:04 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,736 sqft

Price per Sqft $363

MLS Listing ID 24460735

Bedrooms 10

HOA Y/N No

Year Built 1958

Lot Size 7,501 Sqft

Property Description

DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. We are pleased to present 543-545 North Hoover Street, an eight-unit apartment community located just minutes from the vibrant Sunset Junction neighborhood. Nestled in one of Los Angeles' most walkable neighborhoods, this area has experienced a surge in popularity and rental demand, driven by an array of artisanal coffee shops, cafes, local retailers and bars. Constructed in 1958 and 1962, the property features both one and two-bedroom units, with eight on-site parking spaces. Currently, tenants are paying below-market rents compared to similar properties in the area. By renovating the units and aligning rents with market rates, a savvy investor could realize an impressive 83% rental upside, unlocking significant long-term appreciation potential. 543-545 North Hoover Street offers substantial potential rental upside and appreciation in a thriving neighborhood.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LAR3

Interior

Fireplace No

Exterior

Parking Features None

Total Parking Spaces 8

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5539028008

Special Listing Condition Standard

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Listed by Sean Rosenzweig • Marcus & Millichap

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