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4504 S Hoover St, Los Angeles, CA 90037
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4504 S Hoover St Los Angeles, CA 90037

$1,950,000 Sold Price as of 01/20/2022
  • 10 Beds
  • 9 Baths
  • 6,342 Sq.Ft.
Sold
$1,950,000 Sold Price as of 01/20/2022 Refinance Your Mortgage
Map preview of 4504 S Hoover St, Los Angeles, CA 90037

Property Overview: 4504 S Hoover St Los Angeles, CA has 10 bedrooms, 9 bathrooms, 6,342 living square feet and 6,537 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 4504 S Hoover Street is a 9-unit property located in the highly desirable Exposition Park neighborhood of Los Angeles. The property consists of three separate buildings creating more privacy for the tenants. There are two fourplexes with eight 1+1's, and one detached private 2+1 single family home with ample parking. Six of the nine units have been tastefully renovated, including stainless steel appliances and remodeled kitchens and bathrooms. Additionally, the property is individually metered for gas and electricity and there is on-site laundry with owned machines for extra income. Just South of USC, 4504 S Hoover Street provides residents with many of the great things LA has to offer right outside their front door. The property is central to major employment, freeways, and points of interest alike. Most errands can be accomplished by foot or with a short car ride. Moreover, the property lies a mere 9-minute drive from trendy Downtown LA and is a 15-minute walk to Exposition Park, Banc of California Stadium, the LA Memorial Coliseum, and the soon to be completed George Lucas Museum. Tenants with young children will enjoy walking them across the street to Marguerite Poindexter LaMotte Elementary and venturing to the nearby Natural History Museum and California Science Center. This is an excellent opportunity to acquire an investment property with steady and reliable cash flow with additional future upside.

Listed by Jordan Peikin | BRE #02015987 | Clement Partners Real Estate
Co-listed by Nathan Richards | BRE #01748598 | Nathan Richards
Last checked: 6 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 25

Home details

Lot Sq. Ft
6,537
HOA Dues
$0/mo
Year built
1908
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21799738
City
Los Angeles
County
Los Angeles
Time on Site
933 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,552
  • Total Rent: $1,552
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $862
  • Total Rent: $862
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,552
  • Total Rent: $1,552
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $862
  • Total Rent: $862
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,526
  • Total Rent: $1,526
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $798
  • Total Rent: $798
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,542
  • Total Rent: $1,542
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,527
  • Total Rent: $1,527
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.44
  • Gross Scheduled Income: --
  • Net Operating Income: $97,770
  • Gross Operating Income: $144,838
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 4504 S Hoover St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community, Individual Room
Kitchen Information
  • Has Appliances
  • Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Uncovered, Side by Side, Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 9
  • Parcel Number: 5018030013
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: On Hoover, between Vernon and W 46th Street.
View more facts & features

Local Los Angeles Agent

Sale History for 4504 S Hoover St

Last sold for $1,950,000 on January 20th, 2022

  • January, 2022

  • Jan 20, 2022

    Date

    Sold

    CRMLS: 21799738

    $1,950,000

    Price

  • Oct 28, 2021

    Date

    Active

    CRMLS: 21799738

    $2,025,000

    Price

  • July, 2019

  • Jul 15, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2018

  • Aug 11, 2018

    Date

    Sold

    CRMLS: DW18134470

    $979,000

    Price

  • Jun 6, 2018

    Date

    Active Under Contract

    CRMLS: DW18134470

    $950,000

    Price

  • Jun 6, 2018

    Date

    Active

    CRMLS: DW18134470

    $950,000

    Price

  • Listing provided courtesy of CRMLS

    this opportunity wont last 8 1 bedroom 1 bath each and 2 bedroom 1 bath SFR included in the sale. good cash flow, the appartments are in good shape, roof, plumbing , electrical has been updated recently, seperate meters and gas meters. All good paying tenants, large corner lot

  • August, 2018

  • Aug 8, 2018

    Date

    Sold (Public Records)

    Public Records

    $979,000

    Price

Show More

Tax History for 4504 S Hoover St

Assessed Value (2020): $1,000,820
Year Land Value Improved Value Assessed Value
2020 $590,580 $410,240 $1,000,820

Home Value Compared to the Market

This property vs the competition

4504 S Hoover St sold on January 20, 2022 for 67.65% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $314.57 per/sqft which puts the price per square foot 58.34% lower than the current median sale per square foot for the city of Los Angeles.

About 4504 S Hoover St

Detailed summary of property

4504 S Hoover St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 10 bedrooms, 9 bathrooms, roughly 6,342 living square feet, and sits on an approximately 6,537 square foot lot. 4504 S Hoover St was first listed on ArdentRealEstateGroup.com on October 29, 2021. The homeowner sold the property for $1,950,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 67.65% higher than the current median priced home. Local homes that are currently for sale include 229 W 28th St, 3005 S Normandie Ave and 1535 W 28th St. While the average home in Los Angeles, CA is selling in 92 days, 4504 S Hoover St has a days on market of 25 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 4504 S Hoover St Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4504 S Hoover St

Public county record property details
Beds
10
Baths
9
Year built
--
Sq. Ft.
6,342
Lot Size
6,537
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
5018-030-013

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,000
Median List Price/Sq.Ft.
$517
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
32
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

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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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