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8639 S Hoover St, Los Angeles, CA 90044
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8639 S Hoover St Los Angeles, CA 90044

$839,500 Sold Price as of 10/12/2021
  • 7 Beds
  • 6 Baths
  • 2,723 Sq.Ft.
Sold
$839,500 Sold Price as of 10/12/2021 Refinance Your Mortgage
Map preview of 8639 S Hoover St, Los Angeles, CA 90044

Property Overview: 8639 S Hoover St Los Angeles, CA has 7 bedrooms, 6 bathrooms, 2,723 living square feet and 6,045 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 8639 S Hoover Street is quadraplex offering all 1 bed / 1 bath units located in Los Angeles, CA. Built in 1928, this +/-2,116 SF + 607 SF ADU building sits atop a +/-6,045 SF lot. With three (units 8639, 8639 1/4, and 8639 1/2)of the four units vacant, a savvy investor has the opportunity to capture market rents with little-to-no additional capital needed in the existing units and an opportunity to utilize thirty year financing for five units upon the completion of the 607 SF, 3 bed / 2 bath garage conversion accessory dwelling unit.This freshly painted Spanish style building is secure and gated with a wrought iron fence. Each unit features a private entrance and has additional open parking behind the building. This property's location and zoning make it a prime asset for investment.This property is adjacent to Inglewood, Huntington Park and Gardena in South Los Angeles. With easy access to the 110 Freeway and a short 16 minute drive to the University of Southern California, this building is the perfect location for students or commuters. This building is located near many major markets such as Ralph's, Superior Grocers and Smart and Final and surrounded by lo \cal grocers and takeout options on both Western Ave and Manchester Ave.THE SF REPRESENTED INCLUDES THE GARAGE CONVERSION ACCESSORY DWELLING UNIT

Listed by Casey Picard | BRE #01921866 | Keller Williams Realty
Last checked: 11 minutes ago | Last updated: January 13th, 2023 | Source CRMLS | DOM: 28

Home details

Lot Sq. Ft
6,045
HOA Dues
$0/mo
Year built
1928
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
P1-5831
City
Los Angeles
County
Los Angeles
Time on Site
1080 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $936
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 4
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 5
  • # of Units: --
  • # of Beds: 3
  • # of Baths: 2
  • Total Rent: $2,495
  • Pro Forma/Market Rent: $2,495
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.21%
  • Gross Rent Multiplier: 11.61
  • Gross Scheduled Income: $72,252
  • Net Operating Income: $52,109
  • Gross Operating Income: --
  • Vacancy Allowance: $3
Annual Expense Breakdown
  • Total Operating Expense: $17,975
  • New Taxes: $10,655
  • Trash: $0
  • Insurance: $846
  • Maintenance: $2,400
  • Water/Sewer: $3,600

Property Details for 8639 S Hoover St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • No Heating
  • None
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Has Fence
  • Excellent Condition, Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage - Single Door, Off Street
Lot Information
  • Lot Features: Sprinklers None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 6038016030
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable
  • Directions: Located on Hoover Street just south of Manchester Avenue
Neighborhood Information
  • Community Features: Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 8639 S Hoover St

Last sold for $839,500 on October 12th, 2021

  • January, 2023

  • Jan 13, 2023

    Date

    Expired

    CRMLS: 22120633

    $1,100,000

    Price

  • Jan 21, 2022

    Date

    Active

    CRMLS: 22120633

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    3 SECTION 8 TENANTS GET PAID STRAIGHT FROM THE GOVERNMENT! TOTAL MONTHLY INCOME 6200! 3 BED 2 BATH ADU MID CONSTRUCTION, 50K TO COMPLETE! POST CONSTRUCTION RENTAL INCOME IS 9K! DO NOT DISTURB TENANTS

  • August, 2021

  • Aug 11, 2021

    Date

    Price Change

    CRMLS: P1-5831

    $839,000

    Price

  • Jul 21, 2021

    Date

    Active

    CRMLS: P1-5831

    $849,500

    Price

  • March, 2021

  • Mar 5, 2021

    Date

    Sold

    CRMLS: PW20224753

    $560,000

    Price

  • Feb 17, 2021

    Date

    Pending

    CRMLS: PW20224753

    $699,900

    Price

  • Jan 11, 2021

    Date

    Active Under Contract

    CRMLS: PW20224753

    $699,900

    Price

  • Nov 20, 2020

    Date

    Active

    CRMLS: PW20224753

    $699,900

    Price

  • Listing provided courtesy of CRMLS

    THIS MULTIFAMILY PROPERTY HAS GREAT POTENTIAL, NEAR DOWNTOWN, MINUTES AWAY FROM USC CAMPUS. FRESHLY PAINTED EXTERIOR INCLUDING GARAGE AREA AND FRONT IRON FENCE. EACH UNIT HAS 1 BEDROOM AND 1 BATHROOM AND ALSO ONE CAR GARAGE INCLUDED WITH THE RENT. ONE UNIT IS OWNER OCCUPIED AND CAN BE DELIVERED VACANT AT CLOSE OF ESCROW OR RENTED TO THE SELLER AT TODAY'S MARKET RENT. PLENTY OF PARKING SPACES WHICH IS A PLUS IN THE AREA. DO NOT MISS OUT ON OWNER OCCUPIED OR INVESTMENT PROPERTY

  • May, 2006

  • May 23, 2006

    Date

    Sold (Public Records)

    Public Records

    $525,000

    Price

  • October, 1996

  • Oct 30, 1996

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 8639 S Hoover St

Assessed Value (2020): $656,011
Year Land Value Improved Value Assessed Value
2020 $537,308 $118,703 $656,011

Home Value Compared to the Market

This property vs the competition

8639 S Hoover St sold on October 12, 2021 for 34.14% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $308.12 per/sqft which puts the price per square foot 61.05% lower than the current median sale per square foot for the city of Los Angeles.

About 8639 S Hoover St

Detailed summary of property

8639 S Hoover St is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 7 bedrooms, 6 bathrooms, roughly 2,723 living square feet, and sits on an approximately 6,045 square foot lot. 8639 S Hoover St was first listed on ArdentRealEstateGroup.com on July 21, 2021. The homeowner sold the property for $839,500. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 34.14% lower than the current median priced home. Local homes that are currently for sale include 7704 S Grand Ave, 353 W 77th St and 9814 S Hoover St. While the average home in Los Angeles, CA is selling in 100 days, 8639 S Hoover St has a days on market of 28 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 8639 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 8639 S Hoover St

Public county record property details
Beds
4
Baths
4
Year built
1928
Sq. Ft.
2,116
Lot Size
6,045
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
256
APN
6038-016-030

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
$685,000
Median List Price/Sq.Ft.
$527
Median Sold Price
$679,999
Median Sold Price/Sq.Ft.
$540
Total Inventory
89
Median Sale to List Price %
101.64%
Avg Days on Market
21
Loan Type
Conventional (22.22%), FHA (55.56%), VA (0%), Cash (11.11%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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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