7.75% In-Place CAP Rate – ±11.16% Cash-on-Cash Return! 15-Unit Turnkey Investment with 2 Brand New ADUs & RTI Expansion Plans. Heavily Upgraded Single-Story Spanish Mission Style Apartment. Ideal 1031 Exchange Property.
Turnkey 15-unit (10 Renovated Units + 2 brand new ADUs) Single-Story apartment building cash flowing at a whopping 7.75% In-place CAP Rate providing over 11% Cash-on-cash return. The Spanish Mission Style property has been completely upgraded with many significant CapEx such as: brand new gate, new exterior paint, 2 brand new ADUs (Not subject to rent control), new dual pane windows throughout, and new minimal landscaping, 10 out of the 13 units have been completely upgraded with high-end finishes. It offers significant upside to 9.38% Proforma CAP Rate upon the remaining 3 non-upgraded units turnover. Combine this high return + its newer year built + ease of maintenance, this offering is perfect for a 1031 exchange buyer or an experienced investor looking for high cash flow + easy to maintain assets.
The main property was built in 1923 and completely renovated with permits in 2023. Major capital improvements completed including new roofs, new electrical, new plumbing, new double pane windows throughout, new exterior paint, new entrance gate, new landscaping, and 10 of the units have been completely upgraded + 2 New ADUs in the back. The building offers efficient unit mix for the area, consisting of ten (10) 1bed+1bath and five (5) Studio units. The property sits on a large 10,554 SF C2 zoned lot and includes RTI plans to convert 2 brand new ADUs into 6 ADUs, adding additional 4 units.
It is centrally located in a highly desirable area just minutes away from the home of LAFC our city’s premier professional soccer team, BMO Stadium, USC, Crypto Arena, Home of the Lakers, Clippers, and LA Kings.) Expo Park and the Metro Green Line. These properties are in a high density and high demand area which provides a consistent flow of renters for future vacancies.
The units are individually metered for electricity and gas and tenants pay for trash therefore minimizing the operating expenses.
Turnkey 15-unit (10 Renovated Units + 2 brand new ADUs) Single-Story apartment building cash flowing at a whopping 7.75% In-place CAP Rate providing over 11% Cash-on-cash return. The Spanish Mission Style property has been completely upgraded with many significant CapEx such as: brand new gate, new exterior paint, 2 brand new ADUs (Not subject to rent control), new dual pane windows throughout, and new minimal landscaping, 10 out of the 13 units have been completely upgraded with high-end finishes. It offers significant upside to 9.38% Proforma CAP Rate upon the remaining 3 non-upgraded units turnover. Combine this high return + its newer year built + ease of maintenance, this offering is perfect for a 1031 exchange buyer or an experienced investor looking for high cash flow + easy to maintain assets.
The main property was built in 1923 and completely renovated with permits in 2023. Major capital improvements completed including new roofs, new electrical, new plumbing, new double pane windows throughout, new exterior paint, new entrance gate, new landscaping, and 10 of the units have been completely upgraded + 2 New ADUs in the back. The building offers efficient unit mix for the area, consisting of ten (10) 1bed+1bath and five (5) Studio units. The property sits on a large 10,554 SF C2 zoned lot and includes RTI plans to convert 2 brand new ADUs into 6 ADUs, adding additional 4 units.
It is centrally located in a highly desirable area just minutes away from the home of LAFC our city’s premier professional soccer team, BMO Stadium, USC, Crypto Arena, Home of the Lakers, Clippers, and LA Kings.) Expo Park and the Metro Green Line. These properties are in a high density and high demand area which provides a consistent flow of renters for future vacancies.
The units are individually metered for electricity and gas and tenants pay for trash therefore minimizing the operating expenses.
Property Details
Price:
$3,500,000
MLS #:
AR26075542
Status:
Active
Beds:
0
Baths:
0
Address:
5928 S Hoover ST
Type:
Single Family
Subtype:
Apartment
Neighborhood:
c34losangelessouthwest
City:
Los Angeles
Listed Date:
Apr 8, 2026
State:
CA
Total Sq Ft:
6,709
ZIP:
90044
Lot Size:
10,557 sqft / 0.24 acres (approx)
Year Built:
1923
Schools
Interior
Appliances
R F, G R, H O D
Cooling
W W
Flooring
L A M, V I N Y, W O O D
Heating
W L
Laundry Features
N O
Exterior
Architectural Style
S P N
Community Features
U R B
Construction Materials
S T C
Roof
F L T R
Financial
Taxes
$41,558
Map
Contact Us
Mortgage Calculator
Similar Listings Nearby
- 1444 W 37th ST
Los Angeles, CA$4,500,000
2.50 miles away
- 606 E 6th ST
Los Angeles, CA$4,500,000
4.49 miles away
- 1286 W 35th PL
Los Angeles, CA$4,350,000
2.62 miles away
- 6334 Brynhurst AV
Los Angeles, CA$4,200,000
2.69 miles away
- 2405 W 18th ST
Los Angeles, CA$4,100,000
4.09 miles away
- 1857 Crenshaw BL
Los Angeles, CA$4,000,000
4.51 miles away
- 3025 Walton AV
Los Angeles, CA$3,999,000
2.80 miles away
- 1625 W 37th PL
Los Angeles, CA$3,998,888
2.60 miles away
- 4906 August ST
Los Angeles, CA$3,995,000
4.33 miles away
- 1271 W 39th PL
Los Angeles, CA$3,900,000
2.06 miles away
Courtesy of Growth Investment Group Pasade. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 5928 S Hoover ST
Los Angeles, CA
LIGHTBOX-IMAGES