220 North Hoover Street

Los Angeles, CA 90026

$2,499,000
Price
15
Beds
10
Baths
4,150 Sq. Ft.
$602 / Sq. Ft.
4,150
Sq. Ft.
$602
per Sq. Ft.

Description

Nestled within the vibrant hills of Echo Park, this distinctive 6-unit building presents an enticing opportunity for both homeowners and investors, boasting captivating vistas of the Downtown Skyline. With a total of 15 bedrooms, 11 bathrooms, and 4150 sq ft of living space, this expansive property is a rare gem, offering a desirable cap rate exceeding 5%. The unit breakdown includes two units featuring 2 bedrooms and 1 bath each, two additional units offering 2 bedrooms and 2 baths each, one unit...Nestled within the vibrant hills of Echo Park, this distinctive 6-unit building presents an enticing opportunity for both homeowners and investors, boasting captivating vistas of the Downtown Skyline. With a total of 15 bedrooms, 11 bathrooms, and 4150 sq ft of living space, this expansive property is a rare gem, offering a desirable cap rate exceeding 5%. The unit breakdown includes two units featuring 2 bedrooms and 1 bath each, two additional units offering 2 bedrooms and 2 baths each, one unit comprising 3 bedrooms and 2 baths, and a back house unit providing 4 bedrooms and 3 baths. Each unit showcases generous kitchens with an inviting open layout. Recently renovated, the property boasts new flooring, kitchens, bathrooms, fixtures, recessed lighting, appliances, and fresh paint throughout, ensuring modern comfort and style. With separate electrical meters for each unit and parking available for some, this investment promises ample cash flow. Ideally located just minutes away from Downtown Los Angeles, Silver Lake, and Koreatown, residents enjoy easy access to a plethora of amenities and attractions, including Dodger Stadium and the scenic trails of Elysian Park. Enhancing convenience, the complex is gated, while ample parking is provided at the rear of the property. With nearby parks and entertainment options, this dynamic neighborhood offers endless opportunities for leisure and exploration.
  1. Listed by Elizabeth Ramirez • DRE #01328744 • Brokerage DRE #02213427 • Bricxone Realty, Inc.

Property Details for 220 North Hoover Street

Architectural Style
Modern
View
City Lights
Parking Spaces Total
3
Private Pool
No
Cooling Type
Wall/Window
Total Units
6.0
Building Type
Detached
Lot Size Source
Assessor

Location

Listing Courtesy of Bricxone Realty, Inc., Elizabeth Ramirez, DRE #01328744
Add your commute
LISTING UPDATED: 04/22/2024 06:27 AM

Property Details for 220 North Hoover Street

StatusActive
MLS #PW24067859
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1914
CountyLos Angeles County

Location

Listing Courtesy of Bricxone Realty, Inc., Elizabeth Ramirez, DRE #01328744
Add your commute

Building Information for 220 North Hoover Street

Building/Complex220 N Hoover StFloor-Stories2Residences-Pet Policy-Year Built1914Building Size-

Payment Calculator

$15,384 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,638

Property Taxes

$1,746

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 220 North Hoover Street

Rental Info
Rental Info
  • Tenant Pays: None
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $284,400
  • Net Operating Income: $259,237
  • Number Of Rented Garages: 3
  • Garage Income: $0
  • Laundry Income: $0
Expense Details
  • Operating Expense: $25,163
  • Gardener Expense: $435
  • Fuel Expense: $1,200
  • Pest Control Expense: $0
  • Pool Expense: $0
  • Electric Expense: $8,550
  • Insurance Expense: $4,368
  • Maintenance Expense: $2,060
  • Professional Management Expense: $0
  • Trash Expense: $4,275
  • Water Sewer Expense: $4,275
  • Total Expenses: $25,163
Tax / Assessment Info
  • Tax Block: 13
  • Tax Tract Number: 0
  • Tax Census Tract: 2086.10
  • CFD/Mello-Roos Fee: $853
  • Tax Lot: 19
Community / Development
Community / Development
  • Community Features: Curbs, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: Kitchen
  • Fireplace Rooms: Kitchen
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Ductless
  • Heating: Ductless
  • Flooring: Laminate, Tile
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Entry Location: 1
  • Fence: Yes
  • Fence: Vinyl, Wood
  • Fencing: Vinyl, Wood
  • Foundation Details: Raised
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,450
  • Unit Type Total Rent: $3,450
  • Unit Type Pro Forma: 3450
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,450
  • Unit Type Total Rent: $3,450
  • Unit Type Pro Forma: 3450
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,900
  • Unit Type Total Rent: $3,900
  • Unit Type Pro Forma: 3900
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,450
  • Unit Type Total Rent: $3,450
  • Unit Type Pro Forma: 3450
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3300
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $6,150
  • Unit Type Total Rent: $6,150
  • Unit Type Pro Forma: 6150
  • Unit Type Type: 6
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number With Range: 6
  • Number With Disposal: 6
  • Number With Patio: 0
  • Number Wall AC: 6

Property History for 220 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 220 North Hoover Street

Taxable ValueLand$1,500,000Additions$175,880Total$1,675,880
Tax Record2023$20,953 ($1,746 / month)
Home Facts
Total Finished SqFt4,150 SqFtAbove Grade Finished SqFt4,150 SqFtLot Size5,044 SqFtStyleTriplexYear Built1914ZoningLAR3CountyLOS ANGELESAPN5156-003-022

Schools near 220 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 - 9 to 12
Rating
School
Distance
Commonwealth Avenue Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Academic Leadership Community 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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220 North Hoover Street is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on April 22, 2024 by Bricxone Realty, Inc., it's currently listed at $2,499,000. It has been on the market for a total of 11 days and was last sold on August 15, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Commonwealth Avenue Elementary School, Virgil Middle School and Contreras Learning Center-School Of Social Justice. 220 North Hoover Street is a 15-bed, 10-bath, 4,150 sqft multi-family home built in 1914.

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 Bricxone Realty, Inc., Elizabeth Ramirez, DRE #01328744

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.