5324 S Hoover, Los Angeles, CA 90037
List Price: $650K
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1921
Lot Size: 5,228 sq ft
Garage Spaces: 4
Private Pool: Yes
MLS Number: SR26186494
About This Property
Mixed-use value-add opportunity in South Los Angeles consisting of six units, including five residential units and one commercial space. The property contains approximately 4,268 SF of net rentable building area on a 5,227 SF lot and offers a combination of existing income and significant potential for future rent growth. The current unit mix includes two studios, two 1-bedroom/1-bath units, one 2-bedroom/1-bath unit, and one commercial space. The property also includes four garage/parking spaces, creating additional potential for income or possible ADU conversion, subject to applicable zoning, permitting, code requirements, and feasibility. The commercial component may also present an opportunity for conversion to residential use, subject to applicable approvals. Located in a central South Los Angeles location with convenient access to Downtown Los Angeles, USC, Inglewood, major freeways, and public transportation. The property's mixed-use configuration, existing residential units, garage area, and potential for increased rental income provide multiple avenues for long-term value creation.
Listing provided by: Christopher Martinez Diaz DRE #01917060 323-303-3410 chris@vvrealtygroup.com, Vinco Vinco Realty & Investments Inc
Source: CRMLS, MLS #: SR26186494
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