5926 S Hoover Street, Los Angeles, CA 90044

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
5926 S Hoover Street,Los Angeles, CA 90044
$3,500,000
  • 10 Beds
  • 15 Baths
  • 6,709 sq. ft.
  • Multi-family
  • Active
Listed by: armin soleimani, julio ruiz
Office: global platinum properties, inc.424-394-1030
MLS#:26651375
Source:CRMLS

Price summary

  • Price:$3,500,000
  • Price per sq. ft.:$521.69

About this home

Huge 700k Price Reduction! Existing 15-unit building with 12 Gut-Renovated & Brand New Units cash flowing at an amazing 7.8% Cap Rate and 9.5 GRM from day 1. The units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, as well as major exterior capital improvements. On top of that, the major systems have been updated including brand new roofs, electrical, plumbing, HVAC, etc. and even a brand-new fire sprinkler system for all the units that will save you tons of money on insurance costs in California! Amazing upside to 11.1% Cap Rate & 7 GRM on the proforma. Additionally, there are Fully Approved RTI Plans to convert the 2 existing brand-new detached ADUs into 6 detached ADUs (4 additional) to improve the numbers even further. Excellent up and coming location minutes from Banc of California Stadium, USC, & Inglewood. Each unit is individually metered for gas and electricity, ensuring...

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Home facts

  • Year built:1923
  • Listing ID #:26651375
  • Added:313 day(s) ago
  • Updated:April 12, 2026 at 10:34 AM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:15
  • Kitchen Description:Microwave, Refrigerator
  • Living area:6,709 sq. ft.

Heating and cooling

  • Heating:Electric

Structure and exterior

  • Year built:1923
  • Building area:6,709 sq. ft.
  • Lot area:0.24 Acres
  • Architectural Style:Bungalow
  • Levels:1 Story

Finances and disclosures

  • Price:$3,500,000
  • Price per sq. ft.:$521.69

Features and amenities

  • Amenities:Ceiling Fans
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