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5930 S Hoover St, Los Angeles, CA 90044
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5930 S Hoover St Los Angeles, CA 90044

$4,125,000
  • 100 Beds
  • 93.75 Baths
  • 6,709 Sq.Ft.
For Sale
$4,125,000 Get Pre-Qualified
Map preview of 5930 S Hoover St, Los Angeles, CA 90044

Property Overview: 5930 S Hoover St Los Angeles, CA has 100 bedrooms, 93.75 bathrooms, 6,709 living square feet and 10,554 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: Price Reduction! 80% Vacant & Renovated 15-unit building with 12 vacancies cash flowing at an amazing 6.3% Cap Rate and 11.5 GRM from day 1. The units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, stainless steel appliances, as well as major exterior capital improvements. On top of that, the major systems have been updated including brand new roofs, electrical, plumbing, HVAC, etc. and even a brand-new fire sprinkler system for all the units that will save you tons of money on insurance costs in California! Amazing 39% upside to 9.4% Cap Rate & 8.3 GRM on the proforma. Excellent up and coming location minutes from Banc of California Stadium, USC, & Inglewood. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency. Large ~10,554 SF TOC Tier 3 lot zoned C2 with future redevelopment potential.

Listed by Jorge Lopez | BRE #01220063 | Realty One Group United
Last checked: 15 minutes ago | Last updated: August 30th, 2024 | Source CRMLS | DOM: 68

Home details

Lot Sq. Ft
10,554
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
DW24134396
City
Los Angeles
County
Los Angeles
Time on Site
68 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 15
  • Total # of Buildings: 5
  • # of Electric Meters: 15
  • # of Gas Meters: 15
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 0
  • # of Baths: 5
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $10,660
  • Total Rent: $10,660
  • Pro Forma/Market Rent: $10,660
Unit Breakdown 2
  • # of Units: 10
  • # of Beds: 10
  • # of Baths: 10
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $19,047
  • Total Rent: $19,047
  • Pro Forma/Market Rent: $41,126
Unit Breakdown 3
  • # of Units: 5
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $10,660
  • Total Rent: $10,660
  • Pro Forma/Market Rent: $10,660
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.32%
  • Gross Rent Multiplier: 11.55
  • Gross Scheduled Income: $357,183
  • Net Operating Income: $260,838
  • Gross Operating Income: $346,468
Annual Expense Breakdown
  • Total Operating Expense: $85,630
  • Electric: $7,500
  • Gas/Fuel: $0
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $6,610
  • Maintenance: $7,500
  • Professional Management: $13,819
  • Water/Sewer: $0
  • Other Expenses: $50,252
  • Other Expense Description: Taxes

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Property Details for 5930 S Hoover St

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: Street
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 15
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Slauson and Hoover South of 10 Freeway
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 5930 S Hoover St

View property's historical transactions

  • July, 2024

  • Jul 1, 2024

    Date

    Active

    CRMLS: DW24134396

    $4,295,000

    Price

Tax History for 5930 S Hoover St

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

5930 S Hoover St is listed 244.04% higher than the median list price for the city of Los Angeles which has a median list price of $1,199,000. The median price per/sqft for Los Angeles is $765 and this home is listed at $614.85 per/sqft which puts the price per square foot 19.63% lower than the median price per square foot for the city of Los Angeles.

About 5930 S Hoover St

Detailed summary of property

5930 S Hoover St is a mixed use located in Los Angeles, CA 90044 and is currently for sale. This mixed use property offers 100 bedrooms, 93.75 bathrooms, roughly 6,709 living square feet, and sits on an approximately 10,554 square foot lot. 5930 S Hoover St was first listed on ArdentRealEstateGroup.com on July 1, 2024. The homeowner is currently asking $4,125,000 and was originally asking $4,295,000. The median priced home in Los Angeles is $1,199,000 with a median price per square foot of $765. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 244.04% higher than the median priced home. Local competing homes currently for sale include 1036-1040 Dawson Ave, 11506 Obert Ave and 13811 Cherry. While the average home in Los Angeles, CA is selling in 106 days, 5930 S Hoover St has a days on market of 68 days. There are currently 3972 homes for sale in the Los Angeles real estate market and 2715 of them are single family homes while 1139 of them are condos and 113 are townhomes. For more information on this home for sale at 5930 S Hoover St Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5930 S Hoover St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$511
Median Sold Price
$717,000
Median Sold Price/Sq.Ft.
$513
Total Inventory
89
Median Sale to List Price %
102.58%
Avg Days on Market
27
Loan Type
Conventional (38.1%), FHA (23.81%), VA (0%), Cash (9.52%), Other (9.52%)

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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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