4315 South Hoover Street

Los Angeles, CA 90037

$1,450,000
Price
5
Beds
4
Baths
5,056 Sq. Ft.
$287 / Sq. Ft.
5,056
Sq. Ft.
$287
per Sq. Ft.

Description

Built in 1914, this 6-unit property is located in South Los Angeles between W Vernon Ave & W Martin Luther King Blvd just south of Exposition Park & USC, a location providing easy access to Metro Expo Line, the 110 Freeway, and Downtown Los Angeles nightlife,entertainment, restaurants, and employment opportunities. The subject property totals 5,056 SF featuring a unit mix that includes one two-bedroom two-bathroom and five three-bedroom two-bathroom apartment units. The majority of rents are currently...

Property Details for 4315 South Hoover Street

Zoning
C2-1VL-CPIO
Year Built Numeric
1914

Location

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750

Property Details for 4315 South Hoover Street

StatusActive
MLS #21-677002
Days on Market55
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1914
Lot Size0.21 AC / 9,235 SF
CountyLos Angeles County

Listing Agent

Neema Ahadian

Neema Ahadian

Marcus & Millichap

neema@marcusmillichap.com

P: 310.909.5444

M: 310.909.5448

DRE #01346750

Contact Agent(s)

Building Information for 4315 South Hoover Street

Stories-Residences-Year Built1914Building Size-Lot Size0.21 AC / 9,235 SF

Payment Calculator

$4,859 per month

30 year fixed, 2.95% Interest

Principal and Interest

$4,859

Property Taxes

HOA Dues

$0

Similar Homes

Property Information for 4315 South Hoover Street

Summary
    Location and General Information
  • Directions: located in South Los Angeles between W Vernon Ave & W Martin Luther King Blvd just south of Exposition Park & USC
  • Year Built Source: Vendor Enhanced
  • Zip 4: 2538
  • City: Los Angeles
  • Zip Code: 90037
  • County Or Parish: Los Angeles
  • Street Number Numeric: 4315
  • Street Direction Prefix: S
  • Street Name: Hoover
  • State: CA
    Parking
  • Parking Garage: None
  • Total Parking: 0
Property
    Property and Assessments
  • Assessed Improvement Percent: 35.06
  • Assessed Improvement Value: $275,400.00
  • Assessed Land Percent: 64.94
  • Assessed Land Value: $510,000.00
  • Assessed Total Value: $785,400.00
  • Assessor Parcel Number: 5019-007-005
  • Advertising Remarks: Built in 1914, this 6-unit property is located in South Los Angeles between W Vernon Ave & W Martin Luther King Blvd just south of Exposition Park & USC, a location providing easy access to Metro Expo Line, the 110 Freeway, and Downtown Los Angeles nightlife, entertainment, restaurants, and employment opportunities. The subject property totals 5,056 SF featuring a unit mix that includes one two-bedroom two-bathroom and five three-bedroom two-bathroom apartment units.The majority of rents are currently under-market, providing a true value-add opportunity to capture the 36% rental upside through an interior renovation program when units turn. There are 14 parking spaces located at the rear of the property. Electricity is separately metered and each unit has its own individual water heater. Vermont Square is a fast growing, vibrant neighborhood, just southwest of Downtown Los Angeles. The subject property is within walking distance to the University of Southern California, Exposition Park, the George Lucas Museum, and the Metro Expo Vermont stop. With a walk score of 82, access to transportation and Downtown Los Angeles, this location attracts to both workers and students. The immediate area surrounding the subject-property has a population of over 434,000..
  • Disclosures: None
  • Source Living Area: Vendor Enhanced
  • Source Lot Size Area: Vendor Enhanced
  • Number Of Photos: 6
    Lot Information
  • Area: Los Angeles Southwest (C34)
  • Lot Acreage: 0.212
  • Other Structures: None
  • Service Level: Full Service
  • Living Area: 5056
  • Lot Size Area: 9235
Interior and Exterior Features
    Interior Features
  • Baths Total: 12.0
  • Equipment: Range/Oven
  • Number Of Stories: 0
  • Beds Total: 18
Multi Family
    Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Income: $113,076
  • Gross Operating Income: $107,422
  • Net Operating Income: $63,018.00
  • Total Annual Expense: 44404
    Unit Information
  • Type Of Units: Apartments
  • Unit Type Type: 2106, 2107
    Unit 1 Information
  • Unit Beds1: 2
  • Unit Baths1: 2
  • Unit Projected Rent1: $1,800.00
  • Unit Actual Rent1: $1,171.00
  • Unit Furnished1: No
  • Like Units1: 1
  • Unit Rent1: $1,171.00
    Unit 2 Information
  • Unit Projected Rent2: $2,200.00
  • Unit Furnished2: No
  • Like Units2: 5
  • Unit Rent2: $1,650.00
  • Unit Beds2: 3
  • Unit Baths2: 2
  • Unit Actual Rent2: $8,252.00
Rental
    Rental Information
  • Vacancy Rate: 5654
  • Gross Rent Multiplier: $12.82
  • Number Of Buildings: 1
  • Number Of Units: 6

Property History for 4315 S Hoover St

DateEvent & SourcePriceAppreciation
Jan 6, 2021

Listed (Active)

CRMLS #21677002

$1,450,000
Jan 6, 2021

Listed (Active)

CLAW #21-677002

$1,450,000
Aug 10, 2015

Sold (Public Record)

Public Record #553449937

$770,000

+6.7% / yr

DateEvent & SourcePrice
01/06/2021

Listed (Active)

CRMLS #21677002

$1,450,000
01/06/2021

Listed (Active)

CLAW #21-677002

$1,450,000
08/10/2015

Sold (Public Record)

Public Record #553449937

$770,000

+6.7% / yr

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

Schools near 4315 South Hoover Street


SchoolTypeGradesDistanceRating
Marguerite Poindexter Lamotte ElementaryPublicK-50.2 mi
2
Global Education AcademyCharterK-50.3 mi
9
Dr. James Edward Jones Primary CenterPublicK-20.4 mi
NR
Manual Arts Senior High SchoolPublic9-120.4 mi
3

Marguerite Poindexter Lamotte Elementary

K-5, 0.2 mi, Public

2

Global Education Academy

K-5, 0.3 mi, Charter

9

Dr. James Edward Jones Primary Center

K-2, 0.4 mi, Public

NR

Manual Arts Senior High School

9-12, 0.4 mi, Public

3

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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4315 South Hoover Street is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on January 6, 2021 by Marcus & Millichap at $1,450,000. It has been on the market for a total of 56 days and was last sold on August 11, 2015. This listing's school district is Los Angeles Unified School District. Nearby schools include Teach Academy Of Technologies, Math, Science, & Technology Magnet Academy At Roosevelt High and Humanitas Academy Of Art And Technology At Esteban E. Torres High No. 4. 4315 South Hoover Street is a 5-bed, 4-bath, 5,056 sqft multi-family home built in 1914. This address can also be written as 4315 S Hoover St.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, 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, 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.