5930 S Hoover

Los Angeles, CA, 90044

$2,995,000

$2,995,000
Active
Active
 - For Sale
beds
3 Beds
property_type
Multi-family
80% Vacant 15-Unit Fixer with 12 vacancies priced at only 243k/door with a 5.4% Cap Rate after renovations. Fully Approved RTI Plans to convert current 5 vacant units into 10 vacant units plus 2 ADUs in the back. Incredible Current Cap Rate of 5.4% and 13.4 GRM after renovations with 35% upside to 8% Cap Rate & 10 GRM on the proforma. Excellent up-and-coming location minutes from Banc of California Stadium, USC, & Inglewood. Individually metered for Gas & Electricity. Large 10,268 SF C2 Lot for future redevelopment. Price/Unit, Price/SF, Cap Rate & GRM are based on Total Price for sake of conservatism, which includes the remodeling cost of 10 vacant units 3,600 SF at 125/SF (450k) plus construction cost of 2 ADUs 850 SF at 250/SF (210k).
MLS® ID:
DW22200650
Listed:
9/12/22
Updated:
10/3/22

Interior Features

Total Bedrooms
3
Total Bathrooms
0

Exterior/Building Features

Lot Size
10,554 ft² lot
Lot Details
Sidewalks

Other Property Details

Garage
No
Parking
N
View
N
County
Los Angeles
Pool
No
Pool Description
None
Zoning
Assessor

 

Courtesy of Jorge Lopez, Corcoran Global Living 

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Data last updated 8:55 AM UTC, 10/3/22

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