$ 2,300,000
-
$2,300,000
Price -
10
Bed -
9
Bath -
6,342
SqFt
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About the Listing X77929 - X94948
Rare 9-unit value-add opportunity on the southeast corner of Hoover and W 45th, minutes from USC, Exposition Park, and the 110. Three buildings on one corner lot: two 2-story Spanish-style fourplexes plus a detached rear home, in all 8 one-bedroom units and 1 two-bedroom, 100% occupied. Approximately $107,300 in documented capital improvements since 2022, including new cool roofs on both fourplex buildings (2026), two full unit renovations, upgraded kitchens and baths, flooring, paint, water heaters, and electrical and plumbing repairs throughout. Four units are Section 8 with reliable HACLA-paid rents. Significant rental upside: most one-bedrooms rent well below the current HACLA payment standard of $1,793. Strong current cash flow with a clear path to a 6%+ cap rate at market rents. Additional income potential from an on-site laundry room with owner-owned machines. Units separately metered for gas and electricity. A clean, well-documented asset with detailed financials and improvement history available. Seller will cooperate with buyer's 1031 exchange.
Listing Highlights
Interior Details
- Bedrooms: 10
- Bathrooms: 9 Full
- Appliances: Gas/Electric Range
- Air Cond: Ceiling Fan,Window Unit(s)
- Heating: Wall Gas
- Fireplaces:
- Floor: Tile,Wood Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Tile,Shower Over Tub,Primary Bedroom,Quartz Counters,Remodeled,Counter Top,Dining Area
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 2
- Lot Dimensions: 150x44
- Zoning: LAC2
- Roof: Bitumen,Composition,Flat,Shingle
- Others: Updated/Remodeled
- Sewer: In Connected and Paid
- Parking Features: Driveway,On street
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
4504 S Hoover St Los Angeles, CA 90037
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