Multifamily
543-545 North Hoover Street
543 N Hoover St, Los Angeles, CA 90004
Listing Price: $1,720,000
Investment Overview
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present 543-545 North Hoover Street, an eight-unit apartment community located just minutes from the vibrant Sunset Junction neighborhood. Nestled in one of Los Angeles’ most walkable neighborhoods, this area has experienced a surge in popularity and rental demand, driven by an array of artisanal coffee shops, cafes, local retailers and bars.
Constructed in 1958 and 1962, the property features both one and two-bedroom units, with eight on-site parking spaces. Currently, tenants are paying below-market rents compared to similar properties in the area. By renovating the units and aligning rents with market rates, a savvy investor could realize an impressive 83% rental upside, unlocking significant long-term appreciation potential.
543-545 North Hoover Street offers substantial potential rental upside and appreciation in a thriving neighborhood.
543-545 North Hoover Street
Investment Highlights
- Near Top Restaurants (Squirl, Courage Bagels, Bacari, Pine and Crane, All Day Baby) and High-End Grocers (Erewhon, Whole Foods)
- Surrounded by Popular Bars and Coffee Shops (Cafe Organico, LAMILL, Intelligentsia) in Virgil Village, Sunset Junction, and Silver Lake
- Over 83% Rental Upside Through Interior & Exterior Renovations
- Family Owned & Operated for the Last 67 Years – A True Generational Asset
- Located in Close Proximity to Silver Lake, Hollywood, Koreatown and Downtown Los Angeles, Offering Renters Convenient Access to Employment Opportunities and Nightlife
Exclusively Listed By
Financing By
Listing Price: $1,720,000
Investment Highlights
- Near Top Restaurants (Squirl, Courage Bagels, Bacari, Pine and Crane, All Day Baby) and High-End Grocers (Erewhon, Whole Foods)
- Surrounded by Popular Bars and Coffee Shops (Cafe Organico, LAMILL, Intelligentsia) in Virgil Village, Sunset Junction, and Silver Lake
- Over 83% Rental Upside Through Interior & Exterior Renovations
- Family Owned & Operated for the Last 67 Years – A True Generational Asset
- Located in Close Proximity to Silver Lake, Hollywood, Koreatown and Downtown Los Angeles, Offering Renters Convenient Access to Employment Opportunities and Nightlife
Investment Overview
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present 543-545 North Hoover Street, an eight-unit apartment community located just minutes from the vibrant Sunset Junction neighborhood. Nestled in one of Los Angeles’ most walkable neighborhoods, this area has experienced a surge in popularity and rental demand, driven by an array of artisanal coffee shops, cafes, local retailers and bars. Constructed in 1958 and 1962, the property features both one and two-bedroom units, with eight on-site parking spaces. Currently, tenants are paying below-market rents compared to similar properties in the area. By renovating the units and aligning rents with market rates, a savvy investor could realize an impressive 83% rental upside, unlocking significant long-term appreciation potential. 543-545 North Hoover Street offers substantial potential rental upside and appreciation in a thriving neighborhood.
Exclusively Listed By
Financing By
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