5928 S Hoover Street, Los Angeles, CA 90044

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
5928 S Hoover Street,Los Angeles, CA 90044
$3,400,000
  • - Beds
  • - Baths
  • 6,709 sq. ft.
  • Multi-family
  • Active
Listed by: handoko chen
Office: growth investment group pasade626-594-4900
MLS#:AR26075542
Source:CRMLS

Price summary

  • Price:$3,400,000
  • Price per sq. ft.:$506.78

About this home

Price Reduction! Renovated 15-unit building (13 Units + 2 Brand New Non-RSO ADUs) cash flowing at a whopping 8% In-place CAP Rate providing over 12% Cash-on-cash return. Major capital improvements completed including new roofs, new electrical, new plumbing, new double pane windows throughout, new exterior paint, new entrance gate, new landscaping, and 10 of the 13 units have been completely upgraded + 2 New ADUs in the back (Not Subject to Rent Control). It offers significant upside to a 9.4% Proforma CAP Rate upon the remaining 3 non-upgraded units turnover. Combine this high return + its newer year built + ease of maintenance, this offering is perfect for a 1031 exchange buyer or an experienced investor looking for high cash flow + easy to maintain assets. The main property was built in 1923 and completely renovated with permits in 2023. The building offers single-story spanish style units with an efficent mix for the area, consisting of ten (10) 1bed+1bath and five (5) Studio...

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Home facts

  • Year built:1923
  • Listing ID #:AR26075542
  • Added:61 day(s) ago
  • Updated:May 28, 2026 at 02:20 AM

Rooms and interior

  • Flooring:Laminate, Vinyl, Wood
  • Kitchen Description:Gas Range, Range Hood, Refrigerator
  • Living area:6,709 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnace

Structure and exterior

  • Roof:Flat
  • Year built:1923
  • Building area:6,709 sq. ft.
  • Lot area:0.24 Acres
  • Lot Features:Level with Street, Near Public Transportatn, Rectangular Lot, Street Level
  • Architectural Style:Spanish
  • Construction Materials:Stucco
  • Levels:1 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$3,400,000
  • Price per sq. ft.:$506.78
  • Tax amount:$41,558

Features and amenities

  • Appliances:Gas Range, Range Hood, Refrigerator
Based on information from California Regional Multiple Listing Service, Inc. as of June 9, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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