7620 S Hoover, Los Angeles, CA 90044
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
7620 S Hoover,Los Angeles, CA 90044
$950,000
- - Beds
- - Baths
- 3,698 sq. ft.
- Multi-family
- Active
Listed by: ta mara jones
Office: calvary realty inc
MLS#:CV25281839
Source:CRMLS
Price summary
- Price:$950,000
- Price per sq. ft.:$256.9
About this home
Calvary Realty is pleased to present a Section 8–backed multifamily investment located at 7620 Hoover Street, Los Angeles, CA, within
the Los Angeles–Long Beach–Anaheim MSA, the second-largest metropolitan area in the nation with a population of 12.9 million. The
property is offered at $950,000, representing an existing cap rate of 5.38% and a price per square foot of $256.90, positioning it as an
accessible entry point into a highly coveted Los Angeles submarket.
Originally built in 1955 with updates in 1965, the asset sits on 0.16 acres and consists of a single two-story concrete building totaling
3,698 rentable square feet across four units. Current physical occupancy is 75%, with stable Section 8 income providing downs ide
protection and the opportunity for rental upside through improved operations and lease-up.
The property is strategically located near the intersection of S Hoover Street and W 77th Street, offering excellent accessibility just
adjacent to Interstate 110, which carries a daily traffic count of approximately 14,011 vehicles. Its central location places it minutes from
major demand drivers, including SoFi Stadium, Intuit Dome, LA Live, the Memorial Coliseum, BMO Stadium, 4 miles south of USC, and 10
miles east of LAX.
With strong visibility, proximity to major employment and entertainment hubs, and long-term housing demand fundamentals, this
offering represents a compelling opportunity to acquire a stabilized income-producing asset with upside potential in one of the most
resilient rental markets in the country.
Contact an agent
Home facts
- Year built:1955
- Listing ID #:CV25281839
- Added:52 day(s) ago
- Updated:February 21, 2026 at 02:20 PM
Rooms and interior
- Living area:3,698 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1955
- Building area:3,698 sq. ft.
- Lot area:0.16 Acres
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer
Finances and disclosures
- Price:$950,000
- Price per sq. ft.:$256.9
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