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830 S Hoover Street Los Angeles CA 90005 MLS #24445057

There are multiple listings for this address:
Discover the potential of this exceptional mixed-use property located at 830 S. Hoover Street, nestled in the vibrant heart of Los Angeles’s Korea Town. This versatile property features a blend of commercial, office, and residential units, making it an ideal investment for savvy investors or business owners looking to diversify their portfolio. The property includes three commercial retail units, each generating solid rental income, with two units at $2,180 per month and a third unit at $2,380. Above, there are three office units, two of which are currently vacant, providing additional opportunities for rental growth. The occupied office unit is leased at $1,650, while the vacant units offer potential rents of $2,000 and $3,000. The residential component includes four apartments: a spacious three-bedroom, two-bathroom unit at $2,000, a studio at $1,400, a one-bedroom at $1,500, and another studio at $1,300. With a total rent potential of $19,590 per month, this property generates a Net Operating Income (NOI) of $176,310 annually, translating to a favorable cap rate of 6.1% and a Gross Rent Multiplier (GRM) of 12.3. Positioned in a prime location with high visibility and foot traffic, this property not only offers strong rental demand but also presents an incredible opportunity for value-add renovations in the vacant units. Whether you’re looking to expand your real estate portfolio or step into a lucrative investment, 830 S. Hoover Street is a remarkable chance to capitalize on the dynamic local market. Don’t miss out; contact us today to schedule a viewing or for more information!

Property Details

Price:
$2,600,000
MLS #:
24445057
Status:
Active
Baths:
0
Address:
830 S Hoover Street
Type:
Residential Income
Subtype:
Business
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Sep 30, 2024
State:
CA
ZIP:
90005
Lot Size:
6,310 sqft / 0.14 acres (approx)
Year Built:
1966

Schools

Interior

Cooling
None
Heating
Central

Exterior

Parking Features
Carport
Parking Spots
4.00
Stories Total
2
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City Lights

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830 S Hoover Street
Los Angeles, CA
Discover the potential of this exceptional mixed-use property located at 830 S. Hoover Street, nestled in the vibrant heart of Los Angeles’s Korea Town. This versatile property features a blend of commercial, office, and residential units, making it an ideal investment for savvy investors or business owners looking to diversify their portfolio. The property includes three commercial retail units, each generating solid rental income, with two units at $2,180 per month and a third unit at $2,380. Above, there are three office units, two of which are currently vacant, providing additional opportunities for rental growth. The occupied office unit is leased at $1,650, while the vacant units offer potential rents of $2,000 and $3,000. The residential component includes four apartments: a spacious three-bedroom, two-bathroom unit at $2,000, a studio at $1,400, a one-bedroom at $1,500, and another studio at $1,300. With a total rent potential of $19,590 per month, this property generates a Net Operating Income (NOI) of $176,310 annually, translating to a favorable cap rate of 6.1% and a Gross Rent Multiplier (GRM) of 12.3. Positioned in a prime location with high visibility and foot traffic, this property not only offers strong rental demand but also presents an incredible opportunity for value-add renovations in the vacant units. Whether you’re looking to expand your real estate portfolio or step into a lucrative investment, 830 S. Hoover Street is a remarkable chance to capitalize on the dynamic local market. Don’t miss out; contact us today to schedule a viewing or for more information!

Property Details

Price:
$3,000
MLS #:
PW24230730
Status:
Active
Baths:
0
Address:
830 S Hoover Street
Type:
Commercial
Subtype:
Business
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Nov 8, 2024
State:
CA
ZIP:
90005
Lot Size:
6,310 sqft / 0.14 acres (approx)
Year Built:
1966

Schools

Interior

Cooling
None
Heating
Central

Exterior

Parking Spots
4.00
Stories Total
2

Financial

Map

Contact Us

Send
  

Mortgage Calculator

 

Similar Listings Nearby