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    8639 S Hoover Street

    Los Angeles, CA 90044
    • $849,500
    • STATUS: Active
    • ON SITE: 11 days
    • ID#: P1-5831
    UPDATED: 58 min ago
    $849,500
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,723
      SQFT
    • $312
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    THE SF REPRESENTED INCLUDES THE GARAGE CONVERSION ACCESSORY DWELLING UNIT8639 S Hoover Street is quadraplex offering all 1 bed / 1 bath units located in Los Angeles, CA. Built in 1928, this +/-2,116 SF + 607 SF ADU building sits atop a +/-6,045 SF lot. With three of the four units vacant, a savvy investor has the opportunity to capture market rents with little-to-no additional capital needed in the existing units and an opportunity to utilize thirty year financing for five units upon the completion of the 607 SF, 3 bed / 2 bath garage conversion accessory dwelling unit.This freshly painted Spanish style building is secure and gated with a wrought iron fence. Each unit features a private entrance and has additional open parking behind the building. This property's location and zoning make it a prime asset for investment.This property is adjacent to Inglewood, Huntington Park and Gardena in South Los Angeles. With easy access to the 110 Freeway and a short 16 minute drive to the University of Southern California, this building is the perfect location for students or commuters. This building is located near many major markets such as Ralph's, Superior Grocers and Smart and Final and surrounded by lo \cal grocers and takeout options on both Western Ave and Manchester Ave

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    Based on information from CRISNet MLS as of 2021-08-02T20:56:28.077. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-08-02T20:56:28.077. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.theparsonsrealestateteam.com/homes/119556270
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    8639 S Hoover Street Los Angeles, CA 90044

    • Price: $849,500
    • Status: Active
    • Updated: 58 min ago
    • ID#: P1-5831
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,723
    SQFT
    $312
    $/SQFT
    1928
    Built
    Neighborhood:
    Not Applicable
    County:
    Los Angeles
    Property Description
    THE SF REPRESENTED INCLUDES THE GARAGE CONVERSION ACCESSORY DWELLING UNIT8639 S Hoover Street is quadraplex offering all 1 bed / 1 bath units located in Los Angeles, CA. Built in 1928, this +/-2,116 SF + 607 SF ADU building sits atop a +/-6,045 SF lot. With three of the four units vacant, a savvy investor has the opportunity to capture market rents with little-to-no additional capital needed in the existing units and an opportunity to utilize thirty year financing for five units upon the completion of the 607 SF, 3 bed / 2 bath garage conversion accessory dwelling unit.This freshly painted Spanish style building is secure and gated with a wrought iron fence. Each unit features a private entrance and has additional open parking behind the building. This property's location and zoning make it a prime asset for investment.This property is adjacent to Inglewood, Huntington Park and Gardena in South Los Angeles. With easy access to the 110 Freeway and a short 16 minute drive to the University of Southern California, this building is the perfect location for students or commuters. This building is located near many major markets such as Ralph's, Superior Grocers and Smart and Final and surrounded by lo \cal grocers and takeout options on both Western Ave and Manchester Ave
    Exterior Features

    Entry Location Each Private Fence YN Yes Fencing Excellent ConditionWrought Iron Levels One Lot Features Sprinklers None Lot Size Area 6045.0000 Parking Features Garage - Single DoorOff Street Parking Total 4.00 Parking YN Yes View None View YN No

    Interior Features

    Appliances None Appliances YN No Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Heating None Heating YN No Laundry Features None Laundry YN No

    Property Features

    Community Features Street LightsUrban Fuel Expense 0.00 Gross Income 72252.00 Gross Multiplier 11.76 Gross Scheduled Income 72252.00 Insurance Expense 1058.00 Land Lease YN No Maintenance Expense 2400.00 Net Operating Income 51171.00 New Taxes Expense 10655.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 1 Operating Expense 18913.00 Pool Features None Pool Private YN No Property Attached YN No Rent Control YN Yes Senior Community YN No Spa Features None Spa YN No Special Listing Conditions Standard Subdivision Name Other Not Applicable Tenant Pays ElectricityGas Total Expenses 18913.00 Trash Expense 0.00 Water Sewer Expense 3600.00 Zoning Lard2

    Listing provided courtesy of Casey Picard, CA DRE# , of Keller Williams Realty.


    Based on information from CRISNet MLS as of 2021-08-02T20:56:28.077. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-08-02T20:56:28.077. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    The Parsons Team | Keller Williams Realty
    251 S. Lake Ave #150
    Pasadena CA, 91101