5926 S HOOVER ST Los Angeles, CA 90044
$1,650,000
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Bedrooms
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Total Baths
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Full Baths
5,760
Square Feet
0.24
Acres
1923
Year Built
32 days
On Website
Active
Status
"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."
Details
Listing By Corcoran Global Living – Jorge Lopez
MLS# DW21018066
Data Last Updated 12:41am - 03/01/2021
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Transportation
Walking
Very Walkable
