6500 S Hoover, Los Angeles, CA 90044
6500 S Hoover, Los Angeles, CA 90044
6500 S Hoover, Los Angeles, CA 90044
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$785,000
Est. payment /mo
6,568 Sqft Lot
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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26098653

HOA Y/N No

Year Built 1921

Lot Size 6,568 Sqft

Property Sub-Type Mixed Use

Property Description

6500 S Hoover Street offers a rare opportunity for a neighborhood market operator to acquire a retail location while offsetting a significant portion of the ownership cost with existing residential and storage income. The month-to-month retail tenancy provides flexibility to occupy the storefront shortly after closing or continue collecting income while planning a transition.

The property consists of a retail storefront, a detached 3-bedroom, 2-bath residence, and two storage areas situated on a 6,569-square-foot LAC2-zoned corner parcel. The property is legally recognized as a three-unit asset and is improved with two separate buildings, allowing the residential component to operate independently from the commercial space.

The property currently generates income from the retail space, residence, and one storage area, while a second, fully remodeled storage space remains vacant, providing an immediate lease-up opportunity. During marketing preparation, this additional storage area was identified as a separately utilized rental space. While not separately identified as a legal unit, it has historically functioned as an independent storage rental.

Whether acquired by an owner-user or an investor, the combination of immediate cash flow, retail control, and additional lease-up potential creates multiple execution paths without relying on speculative redevelopment or extensive renovation.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Street Lights, Urban

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6013015009

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Listed by Alexandro Colombo Keller Williams Coastal Prop. 310-978-7950, DRE #01927702

NEARBY SCHOOL & BUSINESS

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