1424 North Hoover Street

Los Angeles, CA 90027

$1,988,000
Price
6
Beds
5
Baths
3,224 Sq. Ft.
$617 / Sq. Ft.
3,224
Sq. Ft.
$617
per Sq. Ft.

Description

Fantastic opportunity for extremely well priced property in the heart of Los Feliz. 5 units fastidiously maintained and close to shops, restaurants and the hub of not only Los Feliz Village attractions but equal distance to Sunset Junction, all reflected in the bonus of a high pedestrian score. Perfect for owner/user possibilities or long term hold. 4 of 5 units have been completely updated with appliances and modern materials. 4 parking garage spaces and one uncovered dedicated parking spot. Attractive...Fantastic opportunity for extremely well priced property in the heart of Los Feliz. 5 units fastidiously maintained and close to shops, restaurants and the hub of not only Los Feliz Village attractions but equal distance to Sunset Junction, all reflected in the bonus of a high pedestrian score. Perfect for owner/user possibilities or long term hold. 4 of 5 units have been completely updated with appliances and modern materials. 4 parking garage spaces and one uncovered dedicated parking spot. Attractive ,with less than 16 GRM in Los Feliz area with upside potential of 20%. Kindly do not disturb tenants. Buyer to note that the 3 units in the back were built in 1959.
  1. Listed by Allen Levoff • DRE #00593762 • Brokerage DRE #01407690 • Sotheby's International Realty
  2. Listed by Michelle St. Clair • DRE #01449428 • Brokerage DRE #01407690 • Sotheby's International Realty

Property Details for 1424 North Hoover Street

Zoning
LAR2
Style
Traditional
Parcel Number
5430032006
Total Units
5.0
Living Area
3224
Source Living Area
Assessor
Area
Los Feliz (637)
Vacancy Rate
0

Location

Listing Courtesy of Sotheby's International Realty, Allen Levoff, DRE #00593762; Sotheby's International Realty, Michelle St. Clair, DRE #01449428
Add your commute
LISTING UPDATED: 04/18/2024 05:59 PM

Property Details for 1424 North Hoover Street

StatusActive
MLS #24-375065
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.14 AC / 6,208 SF
CountyLos Angeles County

Location

Listing Courtesy of Sotheby's International Realty, Allen Levoff, DRE #00593762; Sotheby's International Realty, Michelle St. Clair, DRE #01449428
Add your commute

Building Information for 1424 North Hoover Street

Stories-Residences-Year Built1959Building Size-Lot Size0.14 AC / 6,208 SF

Payment Calculator

$11,870 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,849

Property Taxes

$1,021

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1424 North Hoover Street

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: combination
  • View: No
  • View Description: None
  • View: None
  • Security Features: Carbon Monoxide Detector(s), Other
  • Direction Faces: West
  • Property Condition: Updated/Remodeled
  • Sewer: In Street
  • Water Heaters: Yes
  • Additions Alterations: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $104,124
  • Net Operating Income: $105,084.00
  • Gross Income: $124,869
  • Gross Rent Multiplier: $16.00
  • Total Annual Expense: 20745
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1425
  • Lot Size Square Feet: 6208
  • Lot Location: Alley Access, City
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car, Uncovered, Driveway - Concrete, Door Opener, Garage Is Detached
  • Total Parking: 5
  • Covered Parking: 4
  • Open Other Spaces Total: 1
  • Parking Features: Uncovered, Concrete, Garage Door Opener
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: One, Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Hardwood, Tile
  • Equipment: Dishwasher, Microwave, Range/Oven, Freezer, Garbage Disposal, Refrigerator, Dryer
  • Common Walls: Attached
  • Cooking Appliances: Microwave, Oven, Gas/Electric Range
  • Laundry: Community
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Roof: Composition
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-02-2024
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 7
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 5
Unit Details
  • Unit Type Type: 2106
  • Number of Dishwasher: 4
  • Number of Disposal: 4
  • Number Refrigerator: 5
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $380,050.00
  • Assessed Improvement Percent: 40.17
  • Assessed Land Value: $566,035.00
  • Assessed Land Percent: 59.83
  • Assessed Total Value: $946,085.00

Property History for 1424 North Hoover Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1424 North Hoover Street

Taxable ValueLand$566,035Additions$380,050Total$946,085
Tax Record2023$12,246 ($1,021 / month)
Home Facts
Total Finished SqFt3,224 SqFtAbove Grade Finished SqFt3,224 SqFtLot Size6,206 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLAR2CountyLOS ANGELESAPN5430-032-006

Schools near 1424 North Hoover Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Los Feliz STEMM Magnet
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1424 North Hoover Street is a multi-family home for sale in Los Angeles, CA 90027. This property was listed for sale on April 2, 2024 by Sotheby's International Realty, it's currently listed at $1,988,000. It has been on the market for a total of 29 days and was last sold on June 25, 2014. This listing's school district is Los Angeles Unified School District. Nearby schools include Los Feliz STEMM Magnet, Thomas Starr King Middle School and John Marshall Senior High School. 1424 North Hoover Street is a 6-bed, 5-bath, 3,224 sqft multi-family home built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sotheby's International Realty, Allen Levoff, DRE #00593762; Sotheby's International Realty, Michelle St. Clair, DRE #01449428

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.