8114 S Hoover St, Los Angeles, CA 90044
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8114 S Hoover St Los Angeles, CA 90044

$699,000
  • 6 Beds
  • 3 Baths
  • 2,157 Sq.Ft.
For Sale
$699,000 Get Pre-Qualified

Map preview of 8114 S Hoover St, Los Angeles, CA 90044

Property Overview: 8114 S Hoover St Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,157 living square feet and 7,002 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 this charming triplex located in South Los Angeles, ideal for any investor seeking for another source of rental income. This property comprises three rental units in two separate buildings. The front two units are 2 bedroom 1 bath and share 1 common wall. The back unit has 2 bedrooms and 1 bathroom and is separate from the front. All units have their own laundry hook ups inside. The detached carport fits 3 vehicles and has a security gate connecting to the alley. The front security gate has 2 entrances for residents. Updates have been made in recent years. The property has been taken care of and has excellent tenants who lease month to month. This multifamily property is just a short distance to the 110 and 105 freeways, SoFi Stadium, USC, and DTLA. This up and coming neighborhood has new construction nearby and is in the path of progress in LA. Seller will not remove tenants. Please do not disturb the tenants and make offers subject to inspection.

Listed by Travis Hall | BRE #02158822 | Keller Williams Pacific Estate
Last checked: 14 minutes ago | Last updated: June 25th, 2024 | Source CRMLS | DOM: 12
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Home details

Lot Sq. Ft
7,002
HOA Dues
$0/mo
Year built
1922
Garage
3 Car
Property Type:
Triplex
Status
Active
MLS#
PW24121581
City
Los Angeles
County
Los Angeles
Time on Site
11 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,726
  • Total Rent: $1,726
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,394
  • Total Rent: $2,394
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,622
  • Total Rent: $1,622
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $68,400
  • Net Operating Income: $55,400
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $13,000
  • Trash: $0
  • Insurance: $1,500
  • Water/Sewer: $3,600

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Property Details for 8114 S Hoover St

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Flat
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Detached Carport
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 6032023012
  • Year Built Source: Public Records
  • Architectural Style: Spanish
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Available, Water Connected
Location / Neighborhood
Location Information
  • Directions: 110 North, W on Manchester Blvd, North on S Hoover
Neighborhood Information
  • Community Features: Biking, Urban
View more facts & features

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Sale History for 8114 S Hoover St

Last sold for $490,000 on September 8th, 2016
  • June, 2024

  • Jun 14, 2024

    Date

    Active

    CRMLS: PW24121581

    $699,000

    Price

  • August, 2019

  • Aug 23, 2019

    Date

    Canceled

    CRMLS: SB19078421

    $665,000

    Price

  • Jul 6, 2019

    Date

    Price Change

    CRMLS: SB19078421

    $665,000

    Price

  • Jun 28, 2019

    Date

    Price Change

    CRMLS: SB19078421

    $685,000

    Price

  • Jun 28, 2019

    Date

    Active

    CRMLS: SB19078421

    $665,000

    Price

  • May 7, 2019

    Date

    Active Under Contract

    CRMLS: SB19078421

    $665,000

    Price

  • Apr 30, 2019

    Date

    Active

    CRMLS: SB19078421

    $665,000

    Price

  • Listing provided courtesy of CRMLS

    BACK ON THE MARKET ESCROW CANCELED! GREAT CONDITION/ TRIPLEX INCOME PROPERTY This Fabulous 3 unit building is in the heart of LA. The property is fully renovated and well maintained. Each unit is 2 bedrooms, 1 bath and the original character and charm are still in place. All units are occupied with great tenants paying market rent, two units are on month to month and one unit is on a year lease. Each unit has laundry hookup inside, there are 3 separate meters and each unit comes with one detached car garage space. This one is a gem and price to sell! Accepting backup offers only

  • February, 2018

  • Feb 12, 2018

    Date

    Canceled

    CRMLS: SB18012718

    $699,900

    Price

  • Jan 19, 2018

    Date

    Active

    CRMLS: SB18012718

    $699,900

    Price

  • Listing provided courtesy of CRMLS

  • September, 2016

  • Sep 8, 2016

    Date

    Sold (Public Records)

    Public Records

    $490,000

    Price

  • June, 2010

  • Jun 23, 2010

    Date

    Sold (Public Records)

    Public Records

    $305,000

    Price

  • January, 2010

  • Jan 12, 2010

    Date

    Sold

    CRMLS: 12129805

    $158,500

    Price

  • Sep 23, 2009

    Date

    Active

    CRMLS: 12129805

    $179,900

    Price

  • Listing provided courtesy of CRMLS

    This property is made up of three units. One two bedroom one bath single family home at rear with a one bedroom one bath each, duplex in front. All units are a vacant.

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Tax History for 8114 S Hoover St

Assessed Value (2020): $519,991
Year Land Value Improved Value Assessed Value
2020 $350,198 $169,793 $519,991

Home Value Compared to the Market

This property vs the competition

8114 S Hoover St is listed 44.04% lower 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 $778 and this home is listed at $324.06 per/sqft which puts the price per square foot 58.35% lower than the median price per square foot for the city of Los Angeles.

About 8114 S Hoover St

Detailed summary of property

8114 S Hoover St is a triplex located in Los Angeles, CA 90044 and is currently for sale. This triplex offers 6 bedrooms, 3 bathrooms, roughly 2,157 living square feet, and sits on an approximately 7,002 square foot lot. 8114 S Hoover St was first listed on ArdentRealEstateGroup.com on June 15, 2024. The homeowner is currently asking $699,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 44.04% lower than the median priced home. Local competing homes currently for sale include 943 W 65th St, 643 W Colden Ave and 635 W Colden Ave. While the average home in Los Angeles, CA is selling in 98 days, 8114 S Hoover St has a days on market of 12 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 8114 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 8114 S Hoover St

Public county record property details
Beds
3
Baths
3
Year built
1922
Sq. Ft.
2,157
Lot Size
6,999
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
187
APN
6032-023-012

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
$670,000
Median List Price/Sq.Ft.
$521
Median Sold Price
$680,000
Median Sold Price/Sq.Ft.
$513
Total Inventory
85
Median Sale to List Price %
104.62%
Avg Days on Market
30
Loan Type
Conventional (12.5%), FHA (41.67%), VA (0%), Cash (16.67%), Other (4.17%)

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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.