Multifamily

972 S Hoover St

972 S Hoover St, Los Angeles, CA 90006

Listing Price: $799,000

Cap Rate
4.75%
Number of Units
4
Price/Unit
$199,750
Price/Gross SF
$192.62
Gross SF
4,148

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 4 unit apartment building in the Westlake neighborhood of Los Angeles, California. Built in 1915, 972 S Hoover St is a 4,148 square foot building comprised of (2) 1Bed/1Bath and (2) 2Bed/1Bath units. The property provides tenants with gated access and tandem parking spaces on the side of the building. Centrally located in the heart of Los Angeles, the property is in close proximity to Downtown, Los Angeles and the newly revitalized neighborhood of Koreatown. Situated North of W Olympic Blvd and East of Vermont Ave, the property is in close proximity to the 10 and 110 freeways and the Metro Purple and Red lines, providing easy access to close-by neighborhoods and destinations throughout Los Angeles. It is also a short drive from the LA Convention Center, Staples Center, LA Live, and countless other attractions in Los Angeles.

Investment Highlights

  • One & Two Bedroom Units
  • Gated Entry
  • Centrally Located
  • Value-Add Opportunity
  • Fully Occupied

Exclusively Listed By

Listing Price: $799,000

Cap Rate
4.75%
Number of Units
4
Price/Unit
$199,750
Price/Gross SF
$192.62
Gross SF
4,148

Investment Highlights

  • One & Two Bedroom Units
  • Gated Entry
  • Centrally Located
  • Value-Add Opportunity
  • Fully Occupied

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 4 unit apartment building in the Westlake neighborhood of Los Angeles, California. Built in 1915, 972 S Hoover St is a 4,148 square foot building comprised of (2) 1Bed/1Bath and (2) 2Bed/1Bath units. The property provides tenants with gated access and tandem parking spaces on the side of the building. Centrally located in the heart of Los Angeles, the property is in close proximity to Downtown, Los Angeles and the newly revitalized neighborhood of Koreatown. Situated North of W Olympic Blvd and East of Vermont Ave, the property is in close proximity to the 10 and 110 freeways and the Metro Purple and Red lines, providing easy access to close-by neighborhoods and destinations throughout Los Angeles. It is also a short drive from the LA Convention Center, Staples Center, LA Live, and countless other attractions in Los Angeles.

Exclusively Listed By

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