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5926 S Hoover, Los Angeles, CA 90044
5
beds
4
baths
5760
ft2
· 10554
ft2 lot
$1,650,000
$286 / ft2
Listing provided courtesy of Jorge Lopez, Intero Real Estate Services.
Source CRMLS.
"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."
HOA
$—/month
On market
3 months
Year built
1923
Property type
Multi-Family
Parking
MLS
DW21018066
Price / Sq.Ft.
$286 / ft2
Status
Active
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Property Details
Interior Features & Layout
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
•   
Average2 Bed Area: 800
Interior Size
•   
Building Area Total: 5760.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: See Remarks
•   
Garage Spaces: 0.00
Building Info
•   
Building Area Units: Square Feet
•   
Stories Total: 1
•   
Num Stories: One
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: Lot 10000-19999 Sqft
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.2423
•   
Lot Size Area: 10554.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 4
•   
Total Units: 8
Property Features
•   
Common Walls: No Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 8
•   
Number Of Separate Gas Meters: 8
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 5600.00
•   
Cap Rate: 7.40
•   
Trash Expense: 0.00
•   
New Taxes Expense: 19800.00
•   
Insurance Expense: 2592.00
•   
Professional Management Expense: 4800.00
•   
Total Expenses: 35392.00
•   
Gross Scheduled Income: 161824.00
•   
Operating Expense: 40247.00
•   
Gross Multiplier: 10.20
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 161824.00
•   
Tax Year: 2019
•   
Taxes: 6738.0
Lease Info
•   
Net Operating Income: 121577.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 711.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 711.00
Unit 2 Information
•   
Unit 2 Actual Rent: 2263.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 5
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 11315.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 653.00
•   
Unit 1 Total Rent: 653.00
Unit 4 Information
•   
Unit 4 Actual Rent: 748.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 748.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 0.00
•   
Unit 4 Bedrooms: 1
Multi Unit Information
•   
# Of Units: 4
School Neighborhood & Directions
Location
•   
Community Features: Street Lights, Urban
School Info
•   
Directions: Hoover & Slouson
Other
Calculation
•   
Dom: 1
•   
Cdom: 1
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 20, 2021 10:10am
Neighborhood snapshot
116
Properties for sale
13
Median days on market
$420.67
Median sold price/sqft
98.98%
Sold/List %
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Property History
01/27/2021
01/27/2021
CRMLS #DW21018066
active
CRMLS #DW21018066
$1,650,000
+3.13%
01/27/2021
01/27/2021
CRMLS #DW21018066
active
CRMLS #DW21018066
$1,600,000
+68.42%
10/02/2019
10/02/2019
Public Record
sold
Public Record
$950,000
+413.51%
06/26/2001
06/26/2001
Public Record
sold
Public Record
$185,000
--31.48%
04/01/1999
04/01/1999
Public Record
sold
Public Record
$269,986
+1.88%
See more property history
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