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5926 S Hoover Street Los Angeles, CA 90044
$4,195,000 10 beds, 15 baths
6, 709 sqft
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Agent Remarks

15-unit building with 12 Gut-Renovated & Brand New Units cash flowing at an amazing 6.25% Cap Rate and 11.5 GRM from day 1. The units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, as well as major exterior capital improvements. On top of that, the major systems have been updated including brand new roofs, electrical, plumbing, HVAC, etc. and even a brand-new fire sprinkler system for all the units that will save you tons of money on insurance costs in California! Amazing upside to 9% Cap Rate & 8.4 GRM on the proforma. Preliminary plans to convert the 2 existing detached ADUs into 6 detached ADUs (4 additional) to improve the numbers even further. Excellent up and coming location minutes from Banc of California Stadium, USC, & Inglewood. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency. Large ~10,554 SF TOC Tier 3 lot zoned C2 with future redevelopment potential.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25547103
List price is $4,195,000
Beds: 10
Baths: 15
Built in 1923
6,709 sqft
1 story
0.24 acres
Lot size: 0.2424
County: Los Angeles
Property style: Bungalow
Zoning: LAC2
Interior features: Ceiling Fan(s)
Appliances: Microwave,Refrigerator
Parking description: None
Heating description: Electric
MLS area: C42 - Downtown L.A.

Last Updated: 6/5/2025

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This listing belongs to the C42 - Downtown L.A. MLS area

The style of this listing is Bungalow.
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Lat/Long: 33.986509, -118.286690.
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Listing Agent: Armin Soleimani
Co Listing Agent: Julio Ruiz
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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Population by Gender

Hispanic/Non-Hispanic Population

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Lic#: 01276603

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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