1542 North Hoover Street
1542 North Hoover Street
Los Angeles, CA 90027
$3,995,000
Price
9
Beds
9.5
Baths
5,276 Sq. Ft.
$757 / Sq. Ft.
5,276
Sq. Ft.
$757
per Sq. Ft.
Description
Buy new and enjoy the benefits of this freshly constructed and 100% LEASED triplex at premium market rental rates. Take advantage of no rent control restrictions, individually-metered utilities, brand new systems, minimal maintenance inside and out, various included warranties, and so much more. Welcome to Los Feliz's most recent new construction development, a remarkable and uniquely luxurious property offering an exceptional opportunity for investors, ideally situated just a few blocks from Los...Buy new and enjoy the benefits of this freshly constructed and 100% LEASED triplex at premium market rental rates. Take advantage of no rent control restrictions, individually-metered utilities, brand new systems, minimal maintenance inside and out, various included warranties, and so much more. Welcome to Los Feliz's most recent new construction development, a remarkable and uniquely luxurious property offering an exceptional opportunity for investors, ideally situated just a few blocks from Los Feliz' and Silver Lake's restaurant & retail offerings, allowing residents to experience the best of both vibrant communities. This multi-family gem consists of 2 luxurious townhomes and 1 spectacular upper flat, each boasting meticulous contemporary design by a national award-winning architect, including custom improvements typically only found in custom homes which drove the market setting rental rates. The three unit project is comprised of two nearly identical townhomes (a 4BR/4BA and a 3BR/3.5 BA with a dedicated office) and a 2BR/2BA upper flat each providing ample space for comfortable living. Upon entering these stunning units, you'll be greeted by a sense of style and sophistication. The interior spaces have been thoughtfully designed to create a welcoming atmosphere and maximize both natural light and the unobstructed views from all three units' second story windows and balconies. All three units feature ample private and usable outdoor space. The townhomes each feature private back and side yards, while the upper flat has a dedicated roof deck. Parking for each townhome is located in a private tandem garage, while the upper flat has a dedicated covered surface space. The attention to detail is evident throughout the property, with high-end finishes, top-of-the-line Bosch appliances in the kitchens, and custom improvements. These modern amenities not only enhance the functionality of the space but also add a touch of luxe to everyday living. One of the standout features of the upper flat is its massive private rooftop deck with an easily retractable shade canopy, serving as the perfect spot for shaded daytime entertaining, or enjoying a quiet evening under the stars. The deck offers breathtaking and unobstructed views of the surrounding neighborhood, downtown Los Angeles, the Hollywood Sign, and the Griffith Park Observatory. Location is key, and this property truly shines in that regard. Situated in trendy Los Feliz, the Gateway to Los Angeles' burgeoning East Side, the property is adjacent to Silver Lake, and in close proximity to Eagle Rock, and The Parks communities (Echo, Glassell, and Highland) providing residents with easy access to an array of shops, restaurants, cafes, and entertainment options. Immerse yourself in the exciting local culture or take advantage of the nearby outdoor spaces such as Griffith Park and Barnsdall Park. An attractive price per SqFt, Cap Rate, GRM and ACTUAL rents solidify this rare opportunity as a sound investment.
- Listed by Corey Nelson • DRE #01462372 • Brokerage DRE #01834648 • Robust Real Estate
Property Details for 1542 North Hoover Street
Zoning
LAR2
StyleArchitectural
Parcel Number5430021009
Total Units3.0
Living Area5276
Source Living AreaDeveloper
AreaLos Feliz (637)
Vacancy Rate0
Location
Listing Courtesy of Robust Real Estate, Corey Nelson, DRE #01462372
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LISTING UPDATED: 04/27/2024 12:01 AM
Property Details for 1542 North Hoover Street
| Status | Active |
|---|---|
| MLS # | 24-381995 |
| Days on Market | 17 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 2024 |
| Lot Size | 0.14 AC / 6,251 SF |
| County | Los Angeles County |
Location
Listing Courtesy of Robust Real Estate, Corey Nelson, DRE #01462372
Add your commute
Building Information for 1542 North Hoover Street
Stories2Residences-Year Built2024Building Size-Lot Size0.14 AC / 6,251 SF
Payment Calculator
$23,200 per month
30 year fixed, 7.25% Interest
Principal and Interest
$21,802
Property Taxes
$1,398
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1542 North Hoover Street
Community / Development
Community / Development
- Number Of Units: 3
- Senior Community: No
Structure Info
Structure Info
- Year Built Source: Seller
- Number Of Stories: 2
- Number Of Buildings: 1
- Type Of Units: Apartments
- View: Yes
- View Description: City Lights, Hills
- View: City Lights, Hills
- Security Features: Smoke Detector, Exterior Security Lights, Gated, Carbon Monoxide Detector(s), Prewired for alarm system
- Direction Faces: West
- Property Condition: New Construction
- Water: In Street
- Sewer: In Street
- Water Heaters: Yes
- ADA Compliance: Yes
- Water Heater Features: Tankless
- Building Permit: Yes
Contract Info
Contract Info
- Disclosures: None
- Listing Type: Exclusive Agency
- Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
- Scheduled Actual: Actual
- Gross Operating Income: $266,880
- Net Operating Income: $204,440.30
- Gross Income: $266,880
- Cap Rate: 5.12%
- Gross Rent Multiplier: $14.97
- Actual Annual Gross Rent: $266,880.00
- Financial Info as Of: 05/01/2024
- Vacancy Allow Percent: .00%
- Owner Pays: Gardener
- Total Annual Expense: 62440
- Tax Expense: $46,742
- Gardener Expense: $1,200
- Insurance Expense: $3,823
Land / Lot Info
Land / Lot Info
- Lot Acreage: 0.1435
- Lot Size Square Feet: 6251
- Lot Size Dimensions: 50x125
- Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
- Parking Garage: Carport Attached, Driveway - Combination, Garage Is Attached, Private Garage
- Total Parking: 6
- Covered Parking: 5
- Open Other Spaces Total: 3
- Garage Spaces Total: 4
- Carport Spaces Total: 1
- Parking Features: Attached Carport, Driveway - Combination, Private
- Attached Garage: Yes
Interior Features
Interior Features
- Levels: Multi/Split
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: Central Air
- Cooling Type: Central
- Heating: Central
- Heating Type: Central
- Flooring: Engineered Hardwood
- Equipment: Alarm System, Built-Ins, Garbage Disposal, Dishwasher, Ice Maker, Microwave, Dryer, Washer, Refrigerator, Range/Oven, Solar Panels
- Room Bathroom Features: Vanity area
- Bathroom Features: Double Vanity(s)
- Common Walls: Attached
- Cooking Appliances: Microwave, Gas/Electric Range
- Laundry: Laundry Closet Stacked
Exterior Features
Exterior Features
- Windows: Skylights, Double Pane Windows, Screens
- New Construction: Yes
- Other Structural Features: Balcony
- Other Structures: None
Lease Terms
Lease Terms
- Entry Date: 04-20-2024
- Tenant Pays: Gas, Electricity, Water
Unit Details
Unit 1 Information
- Unit Beds: 3
- Unit Baths: 4
- Unit Furnished: No
- Unit Rent: $7,995.00
- Unit Actual Rent: $7,995.00
- Unit Projected Rent: $7,995.00
- Like Units: 1
Unit 2 Information
- Unit Beds: 4
- Unit Baths: 4
- Unit Furnished: No
- Unit Rent: $8,250.00
- Unit Actual Rent: $8,250.00
- Unit Projected Rent: $8,250.00
- Like Units: 1
Unit 3 Information
- Unit Beds: 2
- Unit Baths: 2
- Unit Furnished: No
- Unit Rent: $5,995.00
- Unit Actual Rent: $5,995.00
- Unit Projected Rent: $5,995.00
- Like Units: 1
Unit Details
- Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
- Assessed Improvement Value: $275,914.00
- Assessed Improvement Percent: 20.0
- Assessed Land Value: $1,103,656.00
- Assessed Land Percent: 80
- Assessed Total Value: $1,379,570.00
Property History for 1542 North Hoover Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1542 North Hoover Street
Taxable ValueLand$1,103,656Additions$275,914Total$1,379,570
Tax Record2023$16,778 ($1,398 / month)
Home Facts
Beds2Total Finished SqFt1,032 SqFtAbove Grade Finished SqFt1,032 SqFtStories1Lot Size6,251 SqFtStyleSingle Family ResidenceYear Built1923ZoningLAR2CountyLOS ANGELESAPN5430-021-009
Schools near 1542 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 2 |
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 | ||
Lexington Avenue Primary Center PublicK to 2 |
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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Listing Courtesy of Robust Real Estate, Corey Nelson, DRE #01462372
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.