714-745-2708

4504 S Hoover Street, Los Angeles, CA 90037

$2,300,000 Approx. USD 10 beds, 9 baths
6,342 sqft

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Eric Hecht | eric@hmmycorp.com
Lic#: 01838199
Broker: Courtesy of Eric Hecht
Phone: 3234884469

Agent Remarks

Rare 9-unit value-add opportunity on the southeast corner of Hoover and W 45th, minutes from USC, Exposition Park, and the 110. Three buildings on one corner lot: two 2-story Spanish-style fourplexes plus a detached rear home, in all 8 one-bedroom units and 1 two-bedroom, 100% occupied. Approximately $107,300 in documented capital improvements since 2022, including new cool roofs on both fourplex buildings (2026), two full unit renovations, upgraded kitchens and baths, flooring, paint, water heaters, and electrical and plumbing repairs throughout. Four units are Section 8 with reliable HACLA-paid rents. Significant rental upside: most one-bedrooms rent well below the current HACLA payment standard of $1,793. Strong current cash flow with a clear path to a 6%+ cap rate at market rents. Additional income potential from an on-site laundry room with owner-owned machines. Units separately metered for gas and electricity. A clean, well-documented asset with detailed financials and improvement history available. Seller will cooperate with buyer's 1031 exchange.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26986497

Price: $2,300,000

Beds: 10

Baths: 9

None fireplaces

Built in 1908

6,342 sqft

2 stories

0.15 acres

Lot size: 0.1501

County: Los Angeles

Property style: Spanish

Zoning: LAC2

Construction: Stucco

Interior features: Ceiling Fan(s)

Appliances: Gas Range,Refrigerator,Vented Exhaust Fan

Parking description: Driveway,On Street

MLS area: C42 - Downtown L.A.

Last Updated: 9/22/2026

Days On Market (DOM): 12

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

The style of this listing is Spanish.
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Lat/Long: 34.002440, -118.286917.
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