Samimi CRE Advisors
    Listings/5614 S Hoover St
    5614 S Hoover St - Photo 1
    multifamilyActive Listing

    5614 S Hoover St

    Los Angeles, CA 90037

    Valuation

    $1,075,000

    Key Specifications

    Total Units

    4

    multifamily

    Year Built

    1938

    Heritage Asset

    Interior

    2,043 SF

    $526 / SF

    Lot Area

    6,031 SF

    Investment Highlights

    Cap rate 6.54%

    Property Overview

    5614 Hoover St is a renovated, high cash-flowing 4- Plex located in South Los Angeles, 90037. Offering a strong 6.54% CAP and 11.00 GRM, 5614 Hoover St is being sold along side 5618 Hoover St (can be sold together or separately). The subject property is comprised of (4) renovated 1-Bed/1-bath units with the opportunity to build (2) Studio/1-Bath units above the garage space. Once ADUs are built, buyer will have an additional $4,264/month in income. Beneficial to the new buyer, all units have been renovated and are operating near market. There are also 4 garage parking spots on site for potential added monthly income.