720 S Hoover St Los Angeles, CA 90005

$3,925,000 Sold Price as of 10/31/2019

-- Beds
-- Baths
11,358 Sq.Ft.

Off Market

$3,925,000 Sold Price as of 10/31/2019 Refinance Your Mortgage

Map preview of 720 S Hoover St, Los Angeles, CA 90005

Property Overview: 720 S Hoover St Los Angeles, CA has -- bedrooms, -- bathrooms, 11,358 living square feet and 8,082 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

720 S Hoover St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 720 S Hoover St

Last sold for $3,925,000 on October 31st, 2019

July, 2020
Jul 18, 2020

Date

Expired

CRMLS: 20579938

$4,300,000

Price
May 25, 2020

Date

Hold

CRMLS: 20579938

$4,300,000

Price
May 18, 2020

Date

Active

CRMLS: 20579938

$4,300,000

Price
Listing provided courtesy of CRMLS

The property built in 1990, is a contemporary, gated and secured, two-story, interior courtyard building of frame and stucco construction above grade level secured parking (without soft story retrofit requirement). The property is a true Value-Added Opportunity- in fair condition, in need of renovations, mostly finishes and plumbing upgrades. The property has been somewhat neglected by the prior long term owner. The Tenancy has been stable with in-place rents 28% below conservative market-level rents for workforce housing and 60% below luxury market rents.

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October, 2019
Oct 31, 2019

Date

Sold (Public Records)

Public Records

$3,925,000

Price

Tax History for 720 S Hoover St

Assessed Value (2020): $3,934,350

Year	Land Value	Improved Value	Assessed Value
2020	$2,940,000	$994,350	$3,934,350

About 720 S Hoover St

Detailed summary of property

720 S Hoover St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90005 and last sold on October 31, 2019 for $3,925,000. This property has -- bedrooms, -- bathrooms, roughly 11,358 living square feet, and sits on an approximately 8,082 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 250.45% higher than the current median priced home. 720 S Hoover St was last sold on October 31, 2019 for $3,925,000. Local nearby listings include 421 S La Fayette Park Pl #220, 421 S La Fayette Park Pl #401 and 2121 James M Wood Blvd #404. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 720 S Hoover St Los Angeles, CA 90005 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 720 S Hoover St

Public county record property details

Beds: --
Baths: --
Year built: 1990
Sq. Ft.: 11,358
Lot Size: 8,082
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 65,66
APN: 5141-012-014

The source for these homes facts are from public records.

90005 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$850,000

Median List Price/Sq.Ft.

$655

Median Sold Price

$695,000

Median Sold Price/Sq.Ft.

$564

Total Inventory

Median Sale to List Price %

92.79%

Avg Days on Market

Loan Type

Conventional (12.5%), FHA (0%), VA (0%), Cash (0%), Other (12.5%)

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(714) 706-1823

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