Property listed by Kidder Mathews of California, Inc., Casey Lins 858-369-3010
$595,000
We are pleased to present a 2-unit mixed-use property located on 6804 S Hoover St in Los Angeles. Situated on S Hoover St, the property offers great foot traffic and store frontage visibility and is also located five blocks west of the 110 Freeway. Strategically positioned in one of the… Read More densest rental markets in Los Angeles, the property caters to hundreds of thousands of tenants and potential customers in the neighborhood and is easily accessible to a number of metro bus stops. The property consists of two separate structures, with the front commercial building consisting of 528 SF with a 672 SF two-bedroom one-bathroom house in the rear, built in 1929 and 1927 respectively, situated on a 5,171 SF LAC2 zoned lot. With the front commercial unit VACANT, the property provides a unique opportunity for multiple strategies. Firstly, an owner-user could operate out of the commercial unit and live in the residential unit. Secondly, an owner-user could operate out of the commercial unit and rent out the residential unit. Thirdly, the next owner could also renovate and re-rent the commercial and residential unit and operate at a 6.40% cap rate. Contact the listing broker for additional information. Read Less
Listing Snapshot
Days Online
13
Last Updated
Beds
2
Square Ft.
1,200
Lot Size
0.12 Acres
Year Built
1927
MLS Number
26652945
Additional Details
Building
Built in 1927, Living area: 1200.0, 2 buildings, 1 storey, Levels: One, Entry level: 1
Disclosures
RentControl
Income
Gross Income: $54,000, Net Operating Income: $38,104
Lot
0.1187 acres
Parking
4 open parking spaces, 4 total parking spaces, Driveway
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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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