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220 N Hoover St, Los Angeles, CA 90004
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220 N Hoover St Los Angeles, CA 90004

$2,499,000
  • 15 Beds
  • 10 Baths
  • 4,150 Sq.Ft.
For Sale
$2,499,000 Get Pre-Qualified
Map preview of 220 N Hoover St, Los Angeles, CA 90004

Property Overview: 220 N Hoover St Los Angeles, CA has 15 bedrooms, 10 bathrooms, 4,150 living square feet and 5,044 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: Nestled within the vibrant hills of Echo Park, this distinctive 6-unit building presents an enticing opportunity for both homeowners and investors, boasting captivating vistas of the Downtown Skyline. With a total of 15 bedrooms, 11 bathrooms, and 4150 sq ft of living space, this expansive property is a rare gem, offering a desirable cap rate exceeding 5%. The unit breakdown includes two units featuring 2 bedrooms and 1 bath each, two additional units offering 2 bedrooms and 2 baths each, one unit comprising 3 bedrooms and 2 baths, and a back house unit providing 4 bedrooms and 3 baths. Each unit showcases generous kitchens with an inviting open layout. Recently renovated, the property boasts new flooring, kitchens, bathrooms, fixtures, recessed lighting, appliances, and fresh paint throughout, ensuring modern comfort and style. With separate electrical meters for each unit and parking available for some, this investment promises ample cash flow. Ideally located just minutes away from Downtown Los Angeles, Silver Lake, and Koreatown, residents enjoy easy access to a plethora of amenities and attractions, including Dodger Stadium and the scenic trails of Elysian Park. Enhancing convenience, the complex is gated, while ample parking is provided at the rear of the property. With nearby parks and entertainment options, this dynamic neighborhood offers endless opportunities for leisure and exploration.

Listed by Elizabeth Ramirez | BRE #01328744 | Bricxone Realty, Inc.
Last checked: 14 minutes ago | Last updated: April 22nd, 2024 | Source CRMLS | DOM: 15
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Home details

Lot Sq. Ft
5,044
HOA Dues
$0/mo
Year built
1914
Garage
3 Car
Property Type:
Apartment
Status
Active
MLS#
PW24067859
City
Los Angeles
County
Los Angeles
Time on Site
19 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $3,450
  • Total Rent: $3,450
  • Pro Forma/Market Rent: $3,450
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $3,450
  • Total Rent: $3,450
  • Pro Forma/Market Rent: $3,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $3,900
  • Total Rent: $3,900
  • Pro Forma/Market Rent: $3,900
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $3,450
  • Total Rent: $3,450
  • Pro Forma/Market Rent: $3,450
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $6,150
  • Total Rent: $6,150
  • Pro Forma/Market Rent: $6,150
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $284,400
  • Net Operating Income: $259,237
  • Gross Operating Income: --
  • # of Rented Garages: 3
  • Garage Rental Income: $0
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $25,163
  • Electric: $8,550
  • Gas/Fuel: $1,200
  • Trash: $4,275
  • Gardener: $435
  • Insurance: $4,368
  • Maintenance: $2,060
  • Professional Management: $0
  • Water/Sewer: $4,275

Open Houses for 220 N Hoover St

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Property Details for 220 N Hoover St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Ductless
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • Has Fireplace
  • Kitchen
Room Information
  • Flooring: Laminate, Tile
Interior Features
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Has Fence
  • Vinyl, Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: City Lights
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 5156003022
  • Year Built Source: Assessor
  • Architectural Style: Modern
  • Entry Level: 1
  • Foundation Details: Raised
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Property is off of Temple and Council
Neighborhood Information
  • Community Features: Curbs, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 220 N Hoover St

Last sold for $825,000 on July 16th, 2020

  • April, 2024

  • Apr 22, 2024

    Date

    Active

    CRMLS: PW24067859

    $2,499,000

    Price

  • December, 2023

  • Dec 14, 2023

    Date

    Active

    CRMLS: DW23226055

    $2,200

    Price

  • Listing provided courtesy of CRMLS

    INCLUDED: WASHER AND DRYER Experience the epitome of move-in readiness with a beautiful unit featuring brand-new appliances. This six-unit complex, located in the highly desirable SILVER LAKE neighborhood, has undergone an extensive renovation. Seize the opportunity to be the inaugural resident of this impeccably remodeled apartment. We take pride in introducing this flawless property, which has been fully upgraded, encompassing plumbing, electrical, and recessed lighting. This remarkable complex, comprising six units, promises an unmatched living environment. Don't miss out—contact us now to arrange a tour and secure 220 N Hoover as your new home! *We also provide our residents with the option to lease fully furnished units for an additional $500/Mo.*

  • July, 2022

  • Jul 2, 2022

    Date

    Expired

    CRMLS: 22143335

    $1,825,000

    Price

  • Apr 4, 2022

    Date

    Active

    CRMLS: 22143335

    $1,965,000

    Price

  • Listing provided courtesy of CRMLS

  • July, 2020

  • Jul 16, 2020

    Date

    Sold (Public Records)

    Public Records

    $825,000

    Price

Show More

Tax History for 220 N Hoover St

Assessed Value (2020): $237,443
Year Land Value Improved Value Assessed Value
2020 $75,606 $161,837 $237,443

Home Value Compared to the Market

This property vs the competition

220 N Hoover St is listed 100.08% 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 $774 and this home is listed at $602.17 per/sqft which puts the price per square foot 22.2% lower than the median price per square foot for the city of Los Angeles.

About 220 N Hoover St

Detailed summary of property

220 N Hoover St is a apartment located in Los Angeles, CA 90004 and is currently for sale. This apartment offers 15 bedrooms, 10 bathrooms, roughly 4,150 living square feet, and sits on an approximately 5,044 square foot lot. 220 N Hoover St was first listed on ArdentRealEstateGroup.com on April 22, 2024. The homeowner is currently asking $2,499,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 100.08% higher than the median priced home. Local competing homes currently for sale include 543 N Heliotrope Dr, 251 N Kenmore Ave and 542 N Kenmore Ave. While the average home in Los Angeles, CA is selling in 93 days, 220 N Hoover St has a days on market of 15 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 220 N Hoover St Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 220 N Hoover St

Public county record property details
Beds
11
Baths
4
Year built
1914
Sq. Ft.
4,150
Lot Size
5,043
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
19
APN
5156-003-022

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,388,000
Median List Price/Sq.Ft.
$810
Median Sold Price
$1,650,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
65
Median Sale to List Price %
97.35%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (13.33%), Other (0%)

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Recently Sold Homes Near 220 N Hoover St

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2 Baths
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230 N Hoover St
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233 Robinson St, Los Angeles, CA 90026
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-- Sq.Ft.
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161 S Hoover St, Los Angeles, CA 90004
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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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