5928 S Hoover Street, Los Angeles, CA 90044

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
5928 S Hoover Street,Los Angeles, CA 90044
$3,400,000
Virtual Tour
  • 1 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: handoko chen
Office: growth investment group pasade
MLS#:AR26137954
Source:San Diego MLS via CRMLS

Price summary

  • Price:$3,400,000

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

  • Listing ID #:AR26137954
  • Added:4 day(s) ago
  • Updated:June 29, 2026 at 02:30 PM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:2

Heating and cooling

  • Cooling:Wall/Window

Structure and exterior

  • Construction Materials:Stucco
  • Levels:1 Story

Finances and disclosures

  • Price:$3,400,000
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