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1702 S Hoover St, Los Angeles, CA 90006
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1702 S Hoover St Los Angeles, CA 90006

$1,589,000
  • 0 Beds
  • 6 Baths
  • 2,415 Sq.Ft.
For Sale
$1,589,000 Get Pre-Qualified
Map preview of 1702 S Hoover St, Los Angeles, CA 90006

Property Overview: 1702 S Hoover St Los Angeles, CA has -- bedrooms, 6 bathrooms, 2,415 living square feet and 5,288 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 1702 S. Hoover Ave. A wonderful property suitable for mixed-use office/retail building, located in the up and coming Pico-Union neighborhood, this property offers a unique ability to occupy a building near the rapidly improving DTLA, Korea Town, and USC, This two-story, 4 Unit, 2415 Sqft building is located on a 5,288 Sqft. Lot, Built-in 2002, Solid steel construction with top materials, this building features beautiful architectural elements to the facade, large open areas ideal for creative office/retail, The property benefits from a large parking lot in the rear of the building able to house up to 8 cars, Zoning is C1-1 Tier 2, WITH NO HEIGHT RESTRICTION, perfect for any Investor or Developer, looking to maximize density and looking to build more units. Here's your unique opportunity to own a piece of Los Angeles aside from being located in a prime location of LA due to its proximity to DTLA & all that this economic powerhouse has to offer.

Listed by Claudia Hansen | BRE #01155245 | Rodeo Realty
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 927
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Home details

Lot Sq. Ft
5,288
HOA Dues
$0/mo
Year built
2002
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
21726566
City
Los Angeles
County
Los Angeles
Time on Site
1145 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1702 S Hoover St

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Property Details for 1702 S Hoover St

Interior Features
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Block Walls
  • Levels: Two
  • Security Features: 24 Hour Security, Automatic Gate, Smoke Detector(s), Gated Community
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Guest, Workshop in Garage, Private
Property Information
  • Total # of Units: 4
  • Parcel Number: 5135010035
  • Foundation Details: Block
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: South of Venice Blvd & North of Washington Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 1702 S Hoover St

Last sold for $120,000 on September 24th, 2001

  • May, 2021

  • May 3, 2021

    Date

    Active

    CRMLS: 21726566

    $1,589,000

    Price

  • May, 2021

  • May 2, 2021

    Date

    Expired

    CRMLS: 20656362

    $1,599,000

    Price

  • Mar 25, 2021

    Date

    Price Change

    CRMLS: 20656362

    $1,599,000

    Price

  • Nov 6, 2020

    Date

    Active

    CRMLS: 20656362

    $1,699,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 1702 S. Hoover Ave. A wonderful property suitable for mixed-use office/retail building, located in the up and coming Pico-Union neighborhood, this property offers a unique ability to occupy a building near the rapidly improving DTLA, Korea Town, and USC, This two-story, 4 Unit, 2415 Sqft building is located on a 5,288 Sqft. Lot, Built-in 2002, Solid steel construction with top materials, this building features beautiful architectural elements to the facade, large open areas ideal for creative office/retail, The property benefits from a large parking lot in the rear of the building able to house up to 10 cars, Zoning is C1-1 Tier 2, WITH NO HEIGHT RESTRICTION, perfect for any Investor or Developer, looking to maximize density and looking to build more units. Here's your unique opportunity to own a piece of Los Angeles aside from being located in a prime location of LA due to its proximity to DTLA & all that this economic powerhouse has to offer.

  • October, 2020

  • Oct 1, 2020

    Date

    Canceled

    CRMLS: 20598968

    $1,325,000

    Price

  • Sep 4, 2020

    Date

    Price Change

    CRMLS: 20598968

    $1,325,000

    Price

  • Aug 20, 2020

    Date

    Price Change

    CRMLS: 20598968

    $1,425,000

    Price

  • Aug 13, 2020

    Date

    Price Change

    CRMLS: 20598968

    $1,525,000

    Price

  • Jul 7, 2020

    Date

    Price Change

    CRMLS: 20598968

    $1,625,000

    Price

  • Jul 2, 2020

    Date

    Active

    CRMLS: 20598968

    $1,725,000

    Price

  • Listing provided courtesy of CRMLS

    Located in Pico-Union this corner lot has high visibility on a well trafficked street and set up for a post-COVID world. Each unit has its own access and limited common areas. Although this property is Zoned C-1, a new bill, SB-1485 has passed the California Senate that would allow ministerial approval and allow "housing as an allowable use on any parcel zoned for office or retail uses." That would create more possibilities for income streams and with the property built in 2002 it would not be subject to RSO. Additionally, the property plausibly would then qualify for an ADU and 'junior' ADU without creating more parking spaces (See AB68). The potential for 6 income producing units could be a possibility without redeveloping the whole site and with by-right approval. The market and laws are changing fast and this is an opportunity to hedge your real estate investment portfolio with a property that has a great location in Pico-Union.

  • July, 2020

  • Jul 4, 2020

    Date

    Active

    CRMLS: 20599832

    $1,725,000

    Price

  • Listing provided courtesy of CRMLS

    Located in Pico-Union this corner lot has high visibility on a well trafficked street and set up for a post-COVID world. Each unit has its own access and limited common areas. Although this property is Zoned C-1, a new bill, SB-1485 has passed the California Senate that would allow ministerial approval and allow "housing as an allowable use on any parcel zoned for office or retail uses." That would create more possibilities for income streams and with the property built in 2002 it would not be subject to RSO. Additionally, the property plausibly would then qualify for an ADU and 'junior' ADU without creating more parking spaces (See AB68). The potential for 6 income producing units could be a possibility without redeveloping the whole site and with by-right approval. The market and laws are changing fast and this is an opportunity to hedge your real estate investment portfolio with a property that has a great location in Pico-Union.

  • June, 2020

  • Jun 19, 2020

    Date

    Expired

    CRMLS: 20551732

    $1,749,500

    Price

  • Feb 27, 2020

    Date

    Price Change

    CRMLS: 20551732

    $1,749,500

    Price

  • Feb 7, 2020

    Date

    Active

    CRMLS: 20551732

    $1,850,000

    Price

  • Listing provided courtesy of CRMLS

    This is an amzaing opportunity in one of the HOTTEST up and coming neighborhoods. Just outside of Korea town minutes away from USC and Downtown LA. You are at the EPICENTER of renters paradise. With 3 of the units available an investor can purchase a cash flowing asset or prepare for redevelopment. In one of the densist neighborhoods in Los Angeles with high demand for quality units. Zoning is C1-1 Tier 2, WITH NO HEIGHT RESTRICTION, perfect for any Investor or Developer, looking to maximize density and looking to build more units. In the mean time projected rent is $10,000 per month with appreciation potentntial as the neighborhood continues to improve! DONT MISS OUT ON ONE OF THE HOTTEST REVITALIZATIONS IN LOS ANGELES.

  • February, 2020

  • Feb 7, 2020

    Date

    Canceled

    CRMLS: 20551454

    $1,850,000

    Price

  • Feb 6, 2020

    Date

    Active

    CRMLS: 20551454

    $1,850,000

    Price

  • Listing provided courtesy of CRMLS

    This is an amzaing opportunity in one of the Hottest up and coming neighborhoods. Just outside of Korea town minutes away from USC and Downtown LA. You are at the epicenter of renters paradise. An investor can purchase a cash flowing asset or prepare for redevelopment. In one of the densist neighborhoods in Los Angeles with high demand for quality units. Zoning is C1-1 Tier 2, WITH NO HEIGHT RESTRICTION, perfect for any Investor or Developer, looking to maximize density and looking to build more units. In the mean time projected rent is $9,000 per month with appreciation potentntial as the neighborhood continues to improve! DONT MISS OUT ON ONE OF THE HOTTEST REVITALIZATIONS IN LOS ANGELES.

  • September, 2001

  • Sep 24, 2001

    Date

    Sold (Public Records)

    Public Records

    $120,000

    Price

Show More

Tax History for 1702 S Hoover St

Assessed Value (2020): $358,079
Year Land Value Improved Value Assessed Value
2020 $162,088 $195,991 $358,079

Home Value Compared to the Market

This property vs the competition

1702 S Hoover St is listed 28.56% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $775 and this home is listed at $657.97 per/sqft which puts the price per square foot 15.1% lower than the median price per square foot for the city of Los Angeles.

About 1702 S Hoover St

Detailed summary of property

1702 S Hoover St is a multi family located in Los Angeles, CA 90006 and is currently for sale. This multi family property offers -- bedrooms, 6 bathrooms, roughly 2,415 living square feet, and sits on an approximately 5,288 square foot lot. 1702 S Hoover St was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner is currently asking $1,589,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 28.56% higher than the median priced home. Local competing homes currently for sale include 2121 Portland St, 1007 W 25th St and 2104 Park Grove Ave. While the average home in Los Angeles, CA is selling in 99 days, 1702 S Hoover St has a days on market of 927 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 1702 S Hoover St Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1702 S Hoover St

Public county record property details
Beds
--
Baths
--
Year built
2002
Sq. Ft.
2,415
Lot Size
5,287
Stories
1
Type
Store/Office (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
28
APN
5135-010-035

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$604
Median Sold Price
$299,000
Median Sold Price/Sq.Ft.
$650
Total Inventory
45
Median Sale to List Price %
100%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), 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.

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