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$3,595,000   Price Analysis
Agent Details  share icon     map icon  QR
171 S Hoover St
Los Angeles, CA 90004
19 bed 16 bath 7,089 SqFt ($507/SqFt)
7,484SqFt lot. Built 2023
Listed 2024-06-20, Taxes $13,833
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

This 100% lea sed

NON RENT CONTROLLED, six unit new construction is a can't miss investment opportunity. Built in 2023, this property is currently generating $20, 879 per month in rent. All six units come with open floor plans, modern finishes, brand new appliances nd TWO PARKING SPOTS.

These units are extremely attractive to all renters and a breeze to manage. Boasting a 5.37% cap rate in an increasingly desirable neighborhood, do not miss this opportunity!


Presented by Isaac Davidi at
On Track Property.
Listing Agent Photo

Property MLS #24-406173 from TheMLSCLAW

Bedrooms: 19

Total Bathrooms: 16
Full Bathrooms: 16

Cooling Features: Central
Heating Features: Central

Lot Size Acres: 0.171809
Lot Size Dimensions: 50x151
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7484

Garage Description: Carport Attached, Assigned
Parking Total: 12

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 3
Number of Units: 6
Unit Features: 1 BedsTotal: 4, 1 BathsTotal: 2.5, 1 SquareFeet: 3795, 2 BedsTotal: 4, 2 BathsTotal: 2.5, 2 SquareFeet: 3795, 3 BedsTotal: 2, 3 BathsTotal: 1.5, 3 SquareFeet: 2795, 4 BedsTotal: 2, 4 BathsTotal: 1.5, 4 SquareFeet: 2795, 5 BedsTotal: 3, 5 BathsTotal: 3, 5 SquareFeet: 3699, 6 BedsTotal: 4, 6 BathsTotal: 3, 6 SquareFeet: 4000

Source Listing Status: Active
County: Los Angeles
Cap Rate: 5.37
Directions: Heading west on Beverly Blvd. turn left on S Hoover St and the destination is on your right
Source Property Type: Residential Income
Area: Mid-Wilshire
Source Neighborhood: Mid-Wilshire
Parcel Number: 5501-018-016
Postal Code Plus 4: 6078
Zoning: LAR3
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$303,108 + $838,598
$1,141,706
$13,833
2020$234,600 + $816,000
$1,050,600
$13,020
2019$60,366 + $222,936
$283,302
$8,930
2018$59,183 + $218,565
$277,748
$3,567
2017$58,023 + $214,280
$272,303
$3,494
2016$56,886 + $210,079
$266,965
$3,380
2015$56,032 + $206,924
$262,956
$3,333
2014$54,935 + $202,871
$257,806
$3,352
2013$54,687 + $201,955
$256,642
$3,346
2012$53,615 + $197,996
$251,611
$3,389
2010$52,564 + $194,114
$246,678
$3,337
2009$52,296 + $193,122
$245,418
$3,208
2009$52,172 + $192,664
$244,836
$3,208
2008$51,271 + $189,336
$240,607
$3,078
2007$50,266 + $185,624
$235,890
$2,966

Listed for rent 2024-07-02
$3,699
Reallyo
Listed 2024-06-20
$3,595,000
TheMLSCLAW
Listing removed 2024-05-18
$3,666
TheMLSCLAW
Listing removed 2024-05-03
$3,699
TheMLSCLAW
Price Changed for rent 2024-04-06
$3,666
TheMLSCLAW
Price Changed for rent 2024-04-06
$3,699
TheMLSCLAW
Listed for rent 2024-03-13
$4,395
TheMLSCLAW
Listed for rent 2024-03-13
$3,895
TheMLSCLAW
Listing removed 2023-08-04
$0
TheMLSCLAW
Listed 2023-01-27
$4,500,000
TheMLSCLAW
Sold 2020-02-19
$1,130,000
Public Record
Listing removed 2019-02-04
$0
TheMLSCLAW
Listing removed 2019-02-02
$3,900
TheMLSCLAW
Listing removed 2019-01-31
$0
TheMLSCLAW
Listed 2019-01-30
$3,900
TheMLSCLAW
Listed for rent 2019-01-30
$3,900
TheMLSCLAW
Sold 2019-01-18
$1,030,000
TheMLSCLAW
Price Changed 2018-11-20
$998,500
TheMLSCLAW
Listed 2018-10-25
$1,250,000
TheMLSCLAW
Sold 1979-08-06
$135,000
Public Record

Net Operating Income: 192921.9599999

Total Square Feet Living: 7089
Year Built: 2023
Levels: Multi Levels
Living Area Source: Plans
New Construction: Yes
Property Age: 1
Levels or Stories: 3
Building Total Stories: 3
Year Built Source: Builder

Other Equipment: Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Ice Maker, Hood Fan, Washer, Refrigerator, Solar Panels, Vented Exhaust Fan, Range/Oven

Commonwealth Avenue Elementary School is a public elementary school located approximately 0.1 miles away.
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Virgil Middle School is a public middle school located approximately 0.4 miles away.
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Belmont Senior High School is a public high school located approximately 1.4 miles away.
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Precious Blood is a private elementary and middle school located approximately 0.3 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.