4418 South Hoover Street

Los Angeles, CA 90037

$2,100,000
Price
4
Beds
4
Baths
8,730 Sq. Ft.
$241 / Sq. Ft.
8,730
Sq. Ft.
$241
per Sq. Ft.

Description

Incredible investment opportunity in the heart of Los Angeles! This property boasts 10 units, including 6 residential apartments and 4 commercial stores, offering a versatile and lucrative investment potential. Located just moments away from Downtown LA, USC, the Banc of California Stadium, and the bustling Crypto center, this property is strategically positioned to attract both residential and commercial tenants. Residents will enjoy convenient access to shopping, dining, and vibrant nightlife,...Incredible investment opportunity in the heart of Los Angeles! This property boasts 10 units, including 6 residential apartments and 4 commercial stores, offering a versatile and lucrative investment potential. Located just moments away from Downtown LA, USC, the Banc of California Stadium, and the bustling Crypto center, this property is strategically positioned to attract both residential and commercial tenants. Residents will enjoy convenient access to shopping, dining, and vibrant nightlife, making it an ideal choice for those seeking a dynamic urban lifestyle. With its prime location and diverse income streams, this property represents a rare find in LA's competitive real estate market. Don't miss out on this chance to own a piece of LA's vibrant urban landscape!
  1. Listed by Shiva Mehrdad • DRE #01279649 • Brokerage DRE #01268376 • Power Brokers

Property Details for 4418 South Hoover Street

Zoning
LAC2
Parcel Number
5018032007
Total Units
10.0
Living Area
8730
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
0
Lot Size Area
6548

Location

Listing Courtesy of Power Brokers, Shiva Mehrdad, DRE #01279649
Add your commute
LISTING UPDATED: 04/25/2024 12:01 AM

Property Details for 4418 South Hoover Street

StatusActive
MLS #24-380985
Days on Market16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1915
Lot Size0.15 AC / 6,548 SF
CountyLos Angeles County

Location

Listing Courtesy of Power Brokers, Shiva Mehrdad, DRE #01279649
Add your commute

Building Information for 4418 South Hoover Street

Stories-Residences-Year Built1915Building Size-Lot Size0.15 AC / 6,548 SF

Payment Calculator

$12,485 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,461

Property Taxes

$1,024

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4418 South Hoover Street

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: MIX USE
Contract Info
Contract Info
  • Disclosures: As Is, Listing Broker Advantage
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $167,725
  • Net Operating Income: $100,635.00
  • Gross Income: $167,724
  • Gross Rent Multiplier: $11.92
  • Total Annual Expense: 67089
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1503
  • Lot Size Square Feet: 6548
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Multi/Split, Two
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Other
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-17-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,505.00
  • Unit Actual Rent: $1,505.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,376.00
  • Unit Actual Rent: $1,376.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,664.00
  • Unit Actual Rent: $1,376.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,404.00
  • Unit Actual Rent: $1,404.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $983.00
  • Unit Actual Rent: $983.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $993.00
  • Unit Actual Rent: $993.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $1,600.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,250.00
  • Unit Actual Rent: $1,250.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $1,600.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 1
Unit 10 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $1,600.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $321,811.00
  • Assessed Improvement Percent: 34.21
  • Assessed Land Value: $618,874.00
  • Assessed Land Percent: 65.79
  • Assessed Total Value: $940,685.00

Property History for 4418 South 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 4418 South Hoover Street

Taxable ValueLand$618,874Additions$321,811Total$940,685
Tax Record2023$12,289 ($1,024 / month)
Home Facts
Total Finished SqFt8,730 SqFtAbove Grade Finished SqFt8,730 SqFtStories1Lot Size6,546 SqFtStyleOffice BuildingYear Built1915ZoningLAC2CountyLOS ANGELESAPN5018-032-007

Schools near 4418 South Hoover Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 2
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Dr. James Edward Jones Primary Center
PublicK to 2

Marguerite Poindexter Lamotte Elementary
PublicK to 5

John Muir Middle School
Public6 to 8

Manual Arts 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.

Similar Homes

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4418 South Hoover Street is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on April 17, 2024 by Power Brokers, it's currently listed at $2,100,000. It has been on the market for a total of 16 days and was last sold on September 26, 2008. This listing's school district is Los Angeles Unified School District. Nearby schools include Dr. James Edward Jones Primary Center, Marguerite Poindexter Lamotte Elementary and John Muir Middle School. 4418 South Hoover Street is a 4-bed, 4-bath, 8,730 sqft multi-family home built in 1915.

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 Power Brokers, Shiva Mehrdad, DRE #01279649

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.