900 North Hoover Street

Los Angeles, CA 90029

$3,595,000
Last Sold Price
12
Beds
12
Baths
7,662 Sq. Ft.
$469 / Sq. Ft.
7,662
Sq. Ft.
$469
per Sq. Ft.

Description

This trophy six-unit income property offering over a 5% CAP rate, 13.6 GRM and not subject to RSO, is ideally located just blocks from Sunset Junction in trendy Silver Lake. Originally constructed in 1926, then converted to apartments in 2013 and has since undergone a complete renovation with updated systems including roof, plumbing, electrical, and heating and air conditioning. The Sanctum Artiste is an exclusive offering featuring stylishly redesigned units. Each two-bedroom, two-bathroom loft-style...This trophy six-unit income property offering over a 5% CAP rate, 13.6 GRM and not subject to RSO, is ideally located just blocks from Sunset Junction in trendy Silver Lake. Originally constructed in 1926, then converted to apartments in 2013 and has since undergone a complete renovation with updated systems including roof, plumbing, electrical, and heating and air conditioning. The Sanctum Artiste is an exclusive offering featuring stylishly redesigned units. Each two-bedroom, two-bathroom loft-style unit maintains elements of historical features of stained-glass windows and hardwood floors. All kitchens and baths have been modernized with stainless steel appliances. Washer and dryer in each unit. Gated parking with 8 spots. Fully occupied and separately metered, this is a one-of-a-kind and rare opportunity, not to be missed.
  1. Listed by Jonathan Mogharrabi • DRE #02009871 • Brokerage DRE #01073919 • The Agency
  2. Listed by Marci Kays • DRE #01397539 • Brokerage DRE #01073919 • The Agency

Property Details for 900 North Hoover Street

Zoning
LAR3
Style
Art Deco
Parcel Number
5427004007
Total Units
6.0
Living Area
7662
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
Vacancy Rate
0

Location

Listing Courtesy of The Agency, Jonathan Mogharrabi, DRE #02009871; The Agency, Marci Kays, DRE #01397539

Sold By Nourmand & Associates-BH, Eric Smilay, DRE #01710731

Add your commute
LISTING UPDATED: 05/07/2021 11:56 AM

Property Details for 900 North Hoover Street

StatusSold
MLS #21-684692
Days on Market58
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.15 AC / 6,510 SF
CountyLos Angeles County

Location

Listing Courtesy of The Agency, Jonathan Mogharrabi, DRE #02009871; The Agency, Marci Kays, DRE #01397539

Sold By Nourmand & Associates-BH, Eric Smilay, DRE #01710731

Add your commute

Building Information for 900 North Hoover Street

Stories3Residences-Year Built1926Building Size-Lot Size0.15 AC / 6,510 SF

Payment Calculator

$23,469 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,619

Property Taxes

$3,850

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 900 North Hoover Street

Community / Development
Community / Development
  • Complex Name: Sanctum Artiste
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Attached
  • Security Features: Gated
  • Property Condition: Updated/Remodeled
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: $270,900
  • Net Operating Income: $188,357.00
  • Gross Income: $270,900
  • Cap Rate: 5.10%
  • Gross Rent Multiplier: $13.60
  • Actual Annual Gross Rent: $270,900.00
  • Owner Pays: Gardener, Other
  • Total Annual Expense: 82543
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1495
  • Lot Size Square Feet: 6510
Parking Details
Parking Details
  • Parking Garage: Gated
  • Total Parking: 8
  • Open Other Spaces Total: 8
  • Parking Features: Gated
Interior Features
Interior Features
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Hardwood
  • Equipment: Washer, Dryer, Refrigerator, Hood Fan, Microwave
  • Common Walls: Attached
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Patio Features: Patio Open
  • Windows: Stained or Leaded
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-25-2021
  • Rent Control: No
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,900.00
  • Unit Actual Rent: $3,900.00
  • Unit Projected Rent: $3,900.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,795.00
  • Unit Actual Rent: $3,795.00
  • Unit Projected Rent: $3,795.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,195.00
  • Unit Actual Rent: $3,195.00
  • Unit Projected Rent: $3,195.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,495.00
  • Unit Actual Rent: $3,495.00
  • Unit Projected Rent: $3,545.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,995.00
  • Unit Actual Rent: $3,995.00
  • Unit Projected Rent: $3,995.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,195.00
  • Unit Actual Rent: $4,195.00
  • Unit Projected Rent: $4,195.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,030,376.00
  • Assessed Improvement Percent: 47.95
  • Assessed Land Value: $1,118,399.00
  • Assessed Land Percent: 52.05
  • Assessed Total Value: $2,148,775.00

Property History for 900 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 900 North Hoover Street

Taxable ValueLand$2,601,000Additions$1,139,238Total$3,740,238
Tax Record2023$46,205 ($3,850 / month)
Home Facts
Total Finished SqFt7,662 SqFtAbove Grade Finished SqFt7,662 SqFtLot Size6,510 SqFtStyleMulti-Family Res (5+ Units)Year Built1926ZoningLAR3CountyLOS ANGELESAPN5427-004-007

Schools near 900 North Hoover Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 2
Rating
School
Distance
Lockwood Avenue Elementary School
PublicK to 6

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 The Agency, Jonathan Mogharrabi, DRE #02009871; The Agency, Marci Kays, DRE #01397539

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.