4-UNIT MULTIFAMILY BUNGALOWS
8639 S HOOVER STREET
Los Angeles, CA 90044
OFFERING METRICS WITHOUT ADU CONVERSION
LISTING PRICE
$839,500
ZONING
LARD2
LAND SF
±6,045 SF
PRICE PER SF
$396.73
PRICE PER UNIT
$209,875
PROPERTY OVERVIEW
8639 S Hoover Street is a quadraplex offering all 1 bed / 1 bath units located in Los Angeles, CA. Built in 1928, this ±2,116 SF building sits atop a ±6,045 SF lot. With three 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 located near many major markets such as Ralph's, Superior Grocers and Smart and Final and surrounded by local grocers and takeout options on both Western Ave and Manchester Ave.
OPPORTUNITY HIGHLIGHTS
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Spanish-style 4 unit-1 Bedroom / 1 Bathroom property with "ready-to-issue" plans for a garage conversion ADU for a total of five units
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±2,116 SF building with ±607 SF accessory dwelling unit atop a ±6,046 SF lot
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Ample lot availability to park cars even with utilization of the garage conversion accessory dwelling unit
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Great opportunity for an investor to utilize thirty year residential financing while having five units
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Freshly painted with gated access and private entrances
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Easy access to the 10 Freeway with a 16-minute drive to USC for convenient commute
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Three of the four units are to be delivered vacant with two of the vacant units undergoing interior renovations
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Surrounded by major grocers such as Ralph's, Superior Grocers and Smart and Final markets and takeout options: Jack and the Box, Domino's Pizza, Tam's Burgers and Popeye's Louisiana Kitchen