1542 N Hoover St, Los Angeles, CA 90027
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1542 N Hoover St Los Angeles, CA 90027

$3,995,000
  • 9 Beds
  • 9 Baths
  • 5,276 Sq.Ft.
For Sale
$3,995,000 Get Pre-Qualified

Map preview of 1542 N Hoover St, Los Angeles, CA 90027

Property Overview: 1542 N Hoover St Los Angeles, CA has 9 bedrooms, 9 bathrooms, 5,276 living square feet and 6,251 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Welcome to Los Feliz's most recent new construction development, a remarkable and uniquely luxurious property offering an exceptional opportunity for both owner-users and investors, ideally situated just a few blocks from Los Feliz' and Silver Lake's restaurant & retail offerings, allowing future residents to experience the best of both vibrant communities. This multi-family gem consists of 2 luxurious townhomes and 1 spectacular upper flat, each boasting meticulous contemporary design by a national award-winning architect, including custom improvements typically only found in custom homes.With a total of 9 bedrooms, one dedicated office, and 9.5 bathrooms spread across the 3 units, this property offers ample space for comfortable living. Whether you're looking to accommodate a large family or seeking an investment with high rental potential, this property has it all.Upon entering these stunning townhomes, you'll be greeted by a sense of style and sophistication. The interior spaces have been thoughtfully designed to create a welcoming atmosphere and maximize both natural light and the unobstructed views from all three units' second story windows and balconies. Both units feature private and attached two-car tandem garages, and private back and side yards, providing residents with a sense of privacy and ample useable private outdoor space.The attention to detail is evident throughout the property, with high-end finishes, top-of-the-line Bosch appliances in the kitchens, and custom improvements. These modern amenities not only enhance the functionality of the space but also add a touch of luxe to everyday living.One of the standout features of this property is the upper flat with dedicated surface parking and a massive private rooftop deck with an easily retractable shade canopy. This versatile space can be used as a guest suite, home office, or an income-generating rental unit. The rooftop deck serves as the perfect spot for shaded daytime entertaining, or enjoying a quiet evening under the stars. The deck offers breathtaking and unobstructed views of the surrounding neighborhood, downtown Los Angeles, the Hollywood Sign, and the Griffith Park Observatory.Location is key, and this property truly shines in that regard. Situated in trendy Los Feliz, the Gateway to Los Angeles' burgeoning East Side, the property is adjacent to Silver Lake, and in close proximity to Eagle Rock, and The Parks communities (Echo, Glassel, and Highland) providing residents with easy access to an array of shops, restaurants, cafes, and entertainment options. Immerse yourself in the exciting local culture or take advantage of the nearby outdoor spaces such as Griffith Park and Barnsdall Park.An attractive price per SqFt, Cap Rate, GRM and rental rate figures, all easily verifiable to further solidify this rare opportunity as a sound investment or quality income-generating primary residence.

Listed by Corey Nelson | BRE #01462372 | Robust Real Estate
Last checked: 2 minutes ago | Last updated: January 23rd, 2024 | Source CRMLS | DOM: 76
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Home details

Lot Sq. Ft
6,251
HOA Dues
$0/mo
Year built
2024
Garage
4 Car
Property Type:
Multi Family
Status
Active
MLS#
24343243
City
Los Angeles
County
Los Angeles
Time on Site
106 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Actual Rent: $8,495
  • Total Rent: $0
  • Pro Forma/Market Rent: $8,495
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $8,250
  • Total Rent: $0
  • Pro Forma/Market Rent: $8,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $5,995
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,995
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.05%
  • Gross Rent Multiplier: 14.64
  • Gross Scheduled Income: --
  • Net Operating Income: $201,920
  • Gross Operating Income: $264,694
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $46,742
  • Gardener: $1,200
  • Insurance: $3,917
  • Professional Management: $10,915

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Property Details for 1542 N Hoover St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Stackable
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator, Gas Range
Interior Features
  • Levels: Multi/Split
  • Window Features: Skylight(s), Double Pane Windows, Screens
  • Security Features: Smoke Detector(s), Gated Community, Carbon Monoxide Detector(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Attached Carport, Driveway - Combination, Private
Property Information
  • Has View
  • View: City Lights, Hills
  • Total # of Units: 3
  • Parcel Number: 5430021009
  • Year Built Source: Seller
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: Between Sunset Drive and Clayton Avenue on the east side of Hoover Street.
View more facts & features

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Sale History for 1542 N Hoover St

Last leased for $5,995 on March 18th, 2024
  • April, 2024

  • Apr 11, 2024

    Date

    Expired

    CRMLS: 24343243

    $3,995,000

    Price

  • Jan 11, 2024

    Date

    Active

    CRMLS: 24343243

    $3,995,000

    Price

  • Listing provided courtesy of CRMLS

  • March, 2024

  • Mar 18, 2024

    Date

    Leased

    CRMLS: 24358105

    $5,995

    Price

  • Feb 14, 2024

    Date

    Active

    CRMLS: 24358105

    $5,995

    Price

  • Listing provided courtesy of CRMLS

    Welcome to Los Feliz's most recent new construction development, a remarkable and uniquely luxurious property situated just a few blocks from Los Feliz' and Silver Lake's restaurant & retail offerings, allowing future residents to experience the best of both vibrant communities. Designed by a national award-winning architect, the meticulous contemporary design and attention to detail is evident throughout the property, with high-end finishes, top-of-the-line Bosch appliances in the kitchens, LG WashTowers, ADT security systems, Ring doorbells, solar panels to reduce utility costs, and custom improvements. These modern amenities not only enhance the functionality of the space, but they are not typically found in rental units, adding a touch of luxe to everyday living. This truly spectacular upper flat unit features 2 nicely-proportioned bedrooms, 2 bathrooms, 1 covered parking space and a massive private rooftop deck with an easily retractable shade canopy, serving as the perfect spot for shaded daytime entertaining, or enjoying a quiet evening under the stars. The deck offers breathtaking and unobstructed views of the surrounding neighborhood, downtown Los Angeles, the Hollywood Sign, and the Griffith Park Observatory.

  • January, 2024

  • Jan 11, 2024

    Date

    Active

    CRMLS: 24343243

    $3,995,000

    Price

  • June, 2021

  • Jun 24, 2021

    Date

    Sold

    CRMLS: 21734330

    $1,326,000

    Price

  • Jun 8, 2021

    Date

    Active Under Contract

    CRMLS: 21734330

    $920,000

    Price

  • May 20, 2021

    Date

    Active

    CRMLS: 21734330

    $920,000

    Price

  • Listing provided courtesy of CRMLS

    Fabulous Franklin Hills Fixer. The home is on a R2 lot. Located in one of the best neighborhoods in L.A. Don't just curb appeal this home, instead come on in. Home is warm, inviting and cozy with room to expand and remodel. It has an eat in kitchen, dining room and a huge flat backyard. Yard looks like it could fit a pool or maybe another structure. There's a delicious fruit tree out back that will make you smile. There's a garage and plenty of room for parking cars in the driveway. The area is urban yet quiet. Close to restaurants, Sunset Junction and even a movie theatre. Easy access to most of L.A. This is a winner. And now days what home is under a million dollars in Los Angeles? Garage is currently used as a bonus room. Garage has a bathroom.

  • November, 2011

  • Nov 8, 2011

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1542 N Hoover St

Assessed Value (2020): $54,641
Year Land Value Improved Value Assessed Value
2020 $38,303 $16,338 $54,641

Home Value Compared to the Market

This property vs the competition

1542 N Hoover St is listed 219.86% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $757.2 per/sqft which puts the price per square foot 1.92% lower than the median price per square foot for the city of Los Angeles.

About 1542 N Hoover St

Detailed summary of property

1542 N Hoover St is a multi family located in Los Angeles, CA 90027 and is currently for sale. This multi family property offers 9 bedrooms, 9 bathrooms, roughly 5,276 living square feet, and sits on an approximately 6,251 square foot lot. 1542 N Hoover St was first listed on ArdentRealEstateGroup.com on January 12, 2024. The homeowner is currently asking $3,995,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 219.86% higher than the median priced home. Local competing homes currently for sale include 933 N Mariposa Ave, 1400 N. Hobart Blvd and 639 N Alexandria Ave. While the average home in Los Angeles, CA is selling in 97 days, 1542 N Hoover St has a days on market of 76 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 1542 N Hoover St Los Angeles, CA 90027 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1542 N Hoover St

Public county record property details
Beds
2
Baths
1
Year built
1923
Sq. Ft.
1,032
Lot Size
6,250
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
82
APN
5430-021-009

The source for these homes facts are from public records.

90027 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,399,000
Median List Price/Sq.Ft.
$999
Median Sold Price
$1,900,000
Median Sold Price/Sq.Ft.
$885
Total Inventory
80
Median Sale to List Price %
102.7%
Avg Days on Market
24
Loan Type
Conventional (12.5%), FHA (0%), VA (0%), Cash (12.5%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.