CA > Los Angeles
Los Angeles, CA 90004,543 N Hoover St
Los Angeles, CA 90004,543 N Hoover St
Los Angeles, CA 90004,543 N Hoover St
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$1,720,000
Est. payment /mo
10 Beds
8 Baths
4,736 SqFt
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UPDATED:

11/06/2024 05:47 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,736 sqft

Price per Sqft $363

MLS Listing ID 24-460735

Bedrooms 10

Year Built 1958

Lot Size 7,499 Sqft

Acres 0.1722

Property Description

DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. We are pleased to present 543-545 North Hoover Street, an eight-unit apartment community located just minutes from the vibrant Sunset Junction neighborhood. Nestled in one of Los Angeles' most walkable neighborhoods, this area has experienced a surge in popularity and rental demand, driven by an array of artisanal coffee shops, cafes, local retailers and bars. Constructed in 1958 and 1962, the property features both one and two-bedroom units, with eight on-site parking spaces. Currently, tenants are paying below-market rents compared to similar properties in the area. By renovating the units and aligning rents with market rates, a savvy investor could realize an impressive 83% rental upside, unlocking significant long-term appreciation potential. 543-545 North Hoover Street offers substantial potential rental upside and appreciation in a thriving neighborhood.

Location

State CA

County Los Angeles

Area Silver Lake - Echo Park

Zoning LAR3

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Garage None

Garage Spaces 8.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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Listed by Marcus & Millichap

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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