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SOLD 10/12/2021

8639 S Hoover Street, Los Angeles, CA 90044$839,500

7
beds
6
baths
2723
ft2
· 6045
ft2 lot
$308 / ft2

Listing provided courtesy of Listing Broker: Casey Picard, Keller Williams Realty
Source CRMLS;
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8639 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 (units 8639, 8639 1/4, and 8639 1/2)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.THE SF REPRESENTED INCLUDES THE GARAGE CONVERSION ACCESSORY DWELLING UNIT

HOA

$—/month

On market

a month

Year built

1928

Property type

Multi-Family

Parking

4

MLS

P1-5831

Price / Sq.Ft.

$308 / ft2

Status

Closed

Home details for 8639 S Hoover Street

Interior Features & Layout
Rooms Info
•   
Average1 Bed Area Units: Square Feet
•   
Average1 Bed Area: 525
Heating & Cooling
•   
Cooling Details: Wall/Window Unit(s)
Interior Size
•   
Building Area Total: 2723.00
Property, Lot, Community & Exterior Features
Building Info
•   
Entry Location: Each Private
•   
Zoning: LARD2
•   
Num Stories: One
Parking Info
•   
Parking Available: 1
•   
Parking Features: Garage - Single Door, Off Street
•   
Garage Spaces: 4.00
Lot Info
•   
Lot Features: Sprinklers None
•   
Lot Size Source: Public Records
•   
Lot Size Acres: 0.1400
•   
Lot Size Area: 6045.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 4
Property Features
•   
Fencing: Excellent Condition, Wrought Iron
•   
Common Walls: No Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 4
•   
Number Of Separate Gas Meters: 4
•   
Number Of Separate Water Meters: 1
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 3600.00
•   
Maintenance Expense: 2400.00
•   
Cap Rate: 6.21
•   
Total Actual Rent: 72252.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 10655.00
•   
Insurance Expense: 846.00
•   
Vacancy Allowance: 3
•   
Total Expenses: 18913.00
•   
Gross Scheduled Income: 72252.00
•   
Operating Expense: 17975.00
•   
Gross Multiplier: 11.61
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 72252.00
•   
Tax Year: 2020
•   
Taxes: 8333.44
Lease Info
•   
Net Operating Income: 52109.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Area Units: Square Feet
•   
Unit 3 Description: 1 Bed / 1 Bath
•   
Unit 3 Area: 525
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 936.00
Unit 2 Information
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Area Units: Square Feet
•   
Unit 2 Description: 1 Bed / 1 Bath ( Vacant)
•   
Unit 2 Area: 525
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 1695.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Area Units: Square Feet
•   
Unit 1 Description: 1 Bed / 1 Bath (Vacant)
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Area: 525
•   
Unit 1 Garage Spaces: 1.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1695.00
•   
Unit 1 Total Rent: 1695.00
Multi Unit Information
•   
# Of Units: 13
•   
Number Of Units Leased: 1
Unit 5 Information
•   
Unit 5 Area Units: Square Feet
•   
Unit 5 Area: 607
•   
Unit 5 Description: 3 Bed / 2 Bath (Garage Conversion ADU)
•   
Unit 5 Total Rent: 2495.00
•   
Unit 5 Bathrooms: 2
•   
Unit 5 Bedrooms: 3
Unit 4 Information
•   
Unit 4 Area Units: Square Feet
•   
Unit 4 Description: 1 Bed / 1 Bath (Vacant)
•   
Unit 4 Area: 525
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 1695.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Bedrooms: 1
School Neighborhood & Directions
Location
•   
Community Features: Street Lights, Urban
School Info
•   
Directions: Located on Hoover Street just south of Manchester Avenue
Other
Calculation
•   
Dom: 28
•   
Cdom: 28

Neighborhood snapshot

Flyhomes
California
Los Angeles County
Los Angeles
South Central
99
Properties for sale
14
Median days on market
$430.44
Median sold price/sqft
101.26%
Sold/List %
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Property History for 8639 S Hoover Street

10/12/2021
10/12/2021
CRMLS #P1-5831
sold
CRMLS #P1-5831
$839,000
08/11/2021
08/11/2021
CRMLS #P1-5831
active
CRMLS #P1-5831
$839,000
--1.24%
07/21/2021
07/21/2021
CRMLS #P1-5831
active
CRMLS #P1-5831
$849,500
+21.37%
03/05/2021
03/05/2021
CRMLS #PW20224753
sold
CRMLS #PW20224753
$699,900
+24.98%
03/03/2021
03/03/2021
Public Record
sold
Public Record
$560,000
--19.99%
See more property history

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