Multifamily

4315 S Hoover St

4315 S Hoover St, Los Angeles, CA 90037

Listing Price: $1,450,000

Cap Rate
4.35%
Number of Units
6
Price/Unit
$241,667
Price/Gross SF
$286.79
Gross SF
5,056

Investment Overview

Built in 1914, this 6-unit property is located in South Los Angeles between W Vernon Ave & W Martin Luther King Blvd just south of Exposition Park & USC, a location providing easy access to Metro Expo Line, the 110 Freeway, and Downtown Los Angeles nightlife, entertainment, restaurants, and employment opportunities. The subject property totals 5,056 SF featuring a unit mix that includes one twobedroom two-bathroom and five three-bedroom two-bathroom apartment units. The majority of rents are currently under-market, providing a true value-add opportunity to capture the 36% rental upside through an interior renovation program when units turn. There are 14 parking spaces located at the rear of the property. Electricity is separately metered and each unit has it’s own individual water heater. Vermont Square is a fast growing, vibrant neighborhood, just southwest of Downtown Los Angeles. The subject property is within walking distance to the University of Southern California, Exposition Park, the George Lucas Museum, and the Metro Expo Vermont stop. With a walk score of 82, access to transportation and Downtown Los Angeles, this location attracs to both workers and students. The immediate area surrounding the subject-property has a population of over 434,000 in a 3-mile radius.

Investment Highlights

  • Built in 1914, this 6-unit property is located in South Los Angeles between W Vernon Ave & W Martin Luther King Blvd just south of Exposition Park & USC, a location providing easy access to Metro...
  • The subject property totals 5,056 SF featuring a unit mix that includes one two-bedroom two-bathroom and five three-bedroom two-bathroom apartment units
  • The majority of rents are currently under-market, providing a true value-add opportunity to capture the 36% rental upside through an interior renovation program when units turn
  • There are 14 parking spaces located at the rear of the property. Electricity is separately metered and each unit has it's own individual water heater
  • High Walk Score of 82, close proximity to USC, employment, and transit options, this location makes it convenient for residents to commute throughout the city even without a vehicle

Exclusively Listed By

  • Neema Ahadian

    Senior Managing Director Investments

    Email Neema

    License(s): CA: 01346750

    West Los Angeles

  • Leonardo Laterza

    Senior Associate

    Email Leonardo

    License(s): CA: 01861324

    West Los Angeles

Listing Price: $1,450,000

Cap Rate
4.35%
Number of Units
6
Price/Unit
$241,667
Price/Gross SF
$286.79
Gross SF
5,056

Investment Highlights

  • Built in 1914, this 6-unit property is located in South Los Angeles between W Vernon Ave & W Martin Luther King Blvd just south of Exposition Park & USC, a location providing easy access to Metro...
  • The subject property totals 5,056 SF featuring a unit mix that includes one two-bedroom two-bathroom and five three-bedroom two-bathroom apartment units
  • The majority of rents are currently under-market, providing a true value-add opportunity to capture the 36% rental upside through an interior renovation program when units turn
  • There are 14 parking spaces located at the rear of the property. Electricity is separately metered and each unit has it's own individual water heater
  • High Walk Score of 82, close proximity to USC, employment, and transit options, this location makes it convenient for residents to commute throughout the city even without a vehicle

Investment Overview

Built in 1914, this 6-unit property is located in South Los Angeles between W Vernon Ave & W Martin Luther King Blvd just south of Exposition Park & USC, a location providing easy access to Metro Expo Line, the 110 Freeway, and Downtown Los Angeles nightlife, entertainment, restaurants, and employment opportunities. The subject property totals 5,056 SF featuring a unit mix that includes one twobedroom two-bathroom and five three-bedroom two-bathroom apartment units. The majority of rents are currently under-market, providing a true value-add opportunity to capture the 36% rental upside through an interior renovation program when units turn. There are 14 parking spaces located at the rear of the property. Electricity is separately metered and each unit has it’s own individual water heater. Vermont Square is a fast growing, vibrant neighborhood, just southwest of Downtown Los Angeles. The subject property is within walking distance to the University of Southern California, Exposition Park, the George Lucas Museum, and the Metro Expo Vermont stop. With a walk score of 82, access to transportation and Downtown Los Angeles, this location attracs to both workers and students. The immediate area surrounding the subject-property has a population of over 434,000 in a 3-mile radius.

Exclusively Listed By

  • Neema Ahadian

    Senior Managing Director Investments

    Email Neema

    License(s): CA: 01346750

    West Los Angeles

  • Leonardo Laterza

    Senior Associate

    Email Leonardo

    License(s): CA: 01861324

    West Los Angeles

MM Texture Background
MM Textured Background Lower