5926 S HOOVER, LOS ANGELES, CA 90044

  • 5,760 sqft
  • Lot Size: 10,554 sqft
  • Built in 1923
  • MLS #DW21018066
For Sale $1,650,000

Description

"Large 5,760 SF 8-unit bungalow-style Fixer building with 5 vacancies in South LA. Incredible Current Cap Rate of 7.4% and GRM of 10.2 after renovations. There is 35% upside to a 10.8% Cap Rate and 7.6 GRM on the Proforma. Excellent up and coming location minutes from Banc of California Stadium, USC, and Inglewood. Potential to reconfigure the layouts to create additional beds and maximize rents. Potential of adding 2 ADUs in the back to reduce the price to only 165k/door. Individually metered for Gas & Electricity. Large 10,268 SF C2 Lot for future redevelopment."

FACTS / FEATURES

  • Built in 1923
  • Lot Size: 10,554 sqft

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Listing Provided by Jorge Lopez, Corcoran Global Living
Based on information from California Regional Multiple Listing Service, Inc. as of March 1, 2021. 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.