Contact Xavier Gomez
Contacting Xavier Gomez
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
5926 Hoover Street, Los Angeles, CA 90044
Priced at Only: $3,600,000
For more Information Call
Address: 5926 Hoover Street, Los Angeles, CA 90044
Request More Information
  • All fields are required.
  • MLS#: 26651375 ( )
  • Street Address: 5926 Hoover Street
  • Viewed: 2
  • Price: $3,600,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1923
  • Bldg sqft: 0
  • Days On Market: 25
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90044
  • Provided by: Global Platinum Properties, Inc.
  • Contact: Armin Armin
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Huge 600k Price Reduction! Existing 15 unit building with 12 Gut Renovated & Brand New Units cash flowing at an amazing 7.5% Cap Rate and 9.8 GRM from day 1. The units have been completely remodeled from the studs with permits and boast a high end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, as well as major exterior capital improvements. On top of that, the major systems have been updated including brand new roofs, electrical, plumbing, HVAC, etc. and even a brand new fire sprinkler system for all the units that will save you tons of money on insurance costs in California! Amazing upside to 10.7% Cap Rate & 7.2 GRM on the proforma. Additionally, there are preliminary plans to convert the 2 existing brand new detached ADUs into 6 detached ADUs (4 additional) to improve the numbers even further. Excellent up and coming location minutes from Banc of California Stadium, USC, & Inglewood. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency. Large ~10,554 SF TOC Tier 3 lot zoned C2 with future redevelopment potential.
Features
Appliances
  1. Microwave
  2. Refrigerator
Architectural Style
  1. Bungalow
Building Area Total
  1. 6709.00
Common Walls
  1. 1 Common Wall
Country
  1. US
Heating
  1. Electric
Interior Features
  1. Ceiling Fan(s)
Levels
  1. One
Netoperatingincome
  1. 270002.00
Parcel Number
  1. 6004031040
Parking Features
  1. None
Postalcodeplus4
  1. 5519
Sourcesystemkey
  1. 26651375:CLAW
Totalexpenses
  1. 83988.00
Year Built
  1. 1923
Zoning
  1. LAC2
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
Request More Information
  • All fields are required.