map Map favorite Favorite share Share image 6 Photos print Print
Photo
Photo Photo

6209 S Hoover Street

Los Angeles, CA 90044

$1,395,000

List Price

13

bed Beds

7

shower Baths

3,736 sqft

straighten / sqft

1951

calendar_month Built

Property Description

We are pleased to present 6209 S Hoover St, a 7-unit apartment community located in South Los Angeles, CA. The property is comprised of a 6-unit apartment building and a fully permitted detached ADU built in 2022. The building has an excellent unit mix of (4) 2 Bed, 1 Bath units and (3) 1 Bed, 1 Bath unit. This rare investment opportunity offers very strong cash flow with 5 Section 8 tenants in-place and a monthly income of $13,276.92. Section 8 Voucher Payment Standards (per HACLA) are currently up to $3,052 for 2-bedroom units as of 2/2024. The property also sits on a 6,600 square feet lot zoned C2-1VL-CPIO with ED1 eligibility. The gated apartment community offers ample parking for up to 10 vehicles.6209 S Hoover St is centrally located just 3 miles from USC and Downtown with convenient access to the 110 freeway and walkability to Superior Grocers, CVS, Augustus Hawkins High School, John Muir Middle School, and Budlong Avenue Elementary School. South Los Angeles has seen significant rent growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past few years with average 2-bedroom market rents reaching $2,300-$2,600 and Section 8 Voucher Payment Standards rising up to $3,052. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.

Listing Information

List Price $1,395,000
Status Active
MLS 24391891
Type Residential Income
Year Built 1951
Lot Size 6,603
Structure Size 3,736
DOM 117
Courtesy Of Rosano Partners
Listing Agent Brandon Evans DRE#02058494

Interior Features

Total Bedroom
Bedrooms 13
Total Bathroom
Bathrooms 7
Flooring Information
Material Laminate
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

home_work Nearby Properties

Image

$998,000

king_bed N/A
shower N/A
straighten N/A
straighten 6,930
821 W 62Nd Street,

Los Angeles, CA 90044
Image

$795,000

king_bed N/A
shower N/A
straighten N/A
straighten 4,904
837 W Gage Avenue,

Los Angeles, CA 90044
Image

$1,450,000

king_bed N/A
shower N/A
straighten N/A
straighten 6,838
725 W 60Th Street,

Los Angeles, CA 90044
Image

$2,995/month

king_bed 3
shower 2
straighten 825
straighten 6,351
841 W 64Th Street, #843.5,

Los Angeles, CA 90044
Image

$995,000

king_bed N/A
shower N/A
straighten N/A
straighten 6,116
927 W Gage Avenue,

Los Angeles, CA 90044

Listing information courtesy of: Brandon Evans, Rosano Partners . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 17th, 2024 at 6:14 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.