5324 S Hoover, Los Angeles, CA 90037
5324 S Hoover, Los Angeles, CA 90037
5324 S Hoover, Los Angeles, CA 90037
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$650,000
Est. payment /mo
5,227 Sqft Lot
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UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26186494

HOA Y/N No

Year Built 1921

Lot Size 5,227 Sqft

Property Sub-Type Apartment

Property Description

Mixed-use value-add opportunity in South Los Angeles consisting of six units, including five residential units and one commercial space. The property contains approximately 4,268 SF of net rentable building area on a 5,227 SF lot and offers a combination of existing income and significant potential for future rent growth.

The current unit mix includes two studios, two 1-bedroom/1-bath units, one 2-bedroom/1-bath unit, and one commercial space. The property also includes four garage/parking spaces, creating additional potential for income or possible ADU conversion, subject to applicable zoning, permitting, code requirements, and feasibility. The commercial component may also present an opportunity for conversion to residential use, subject to applicable approvals.

Located in a central South Los Angeles location with convenient access to Downtown Los Angeles, USC, Inglewood, major freeways, and public transportation. The property's mixed-use configuration, existing residential units, garage area, and potential for increased rental income provide multiple avenues for long-term value creation.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Urban

Total Parking Spaces 4

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5001026011

Acceptable Financing Cash, Conventional, FHA, Fannie Mae, Freddie Mac

Listing Terms Cash, Conventional, FHA, Fannie Mae, Freddie Mac

Special Listing Condition Standard

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Listed by Christopher Martinez Diaz Vinco Vinco Realty & Investments Inc 323-481-8517, DRE #01917060

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