Property listed by Compass, Timothy Xu 310-652-6285
$1,899,000
Welcome to 1145 N. Hoover St, a fully-leased 7-unit apartment building located in the prime East Hollywood/Silver Lake area. Situated in a vibrant neighborhood renowned for its diverse community, hip culture, and artistic vibe, this property offers a unique blend of artistic expression, outdoor beauty, community spirit, and urban convenience,… Read More making it a desirable place to call home for many residents. Some of the benefits of living in East Hollywood/Silver Lake include its close proximity to downtown Los Angeles, providing easy access to major freeways, public transportation, and cultural attractions. The property is also conveniently located near Sunset Junction, Erewhon Market, and the Vermont/Santa Monica Metro, offering residents a mix of urban living and a laid-back atmosphere. Built in 1963, this exceptional commercial real estate opportunity boasts several key attributes: 7 units consisting of 2 two-bedroom, one-bathroom units and 5 one-bedroom, one-bathroom units, 2 floors, Zoning: LAR2 and 7 designated parking spaces available on the premises, total living area of 5,048 sq feet, and Soft-Story Retrofitted. This well-maintained property presents a variety of desirable unit configurations, ensuring a versatile rental income stream. The property's convenient location and ample parking spaces contribute to its appeal to potential tenants, ensuring consistent occupancy levels. Ideal for investors seeking a lucrative real estate opportunity. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
9
Square Ft.
5,048
Lot Size
0.14 Acres
Year Built
1963
MLS Number
26637209
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1963, Living area: 5048.0, 1 building, 2 stories, Levels: Two
Heating
WallFurnace
Income
Gross Income: $103,776, Net Operating Income: $73,099
Laundry
None
Lot
0.1378 acres
Parking
7 total parking spaces, Assigned
Taxes
Parcel Number: 5542024028, Zoning: LAR2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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