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6209 Hoover Street

Los Angeles, CA 90044

$1,395,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $373 / sqft

1951

calendar_month Built

Property Description

We are pleased to present 6209 S Hoover St, a 7-unit apartment community located in South Los Angeles, CA. The property is comprised of a 6-unit apartment building and a fully permitted detached ADU built in 2022. The building has an excellent unit mix of (6) 2 Bed, 1 Bath units and (1) 1 Bed, 1 Bath unit. This rare investment opportunity offers very strong cash flow with 5 Section 8 tenants in-place and a monthly income of $13,270. Section 8 Voucher Payment Standards (per HACLA) are currently up to $3,052 for 2-bedroom units as of 2/2024. The property also sits on a 6,600 square feet lot zoned C2-1VL-CPIO with ED1 eligibility. The gated apartment community offers ample parking for up to 10 vehicles.6209 S Hoover St is centrally located just 3 miles from USC and Downtown with convenient access to the 110 freeway and walkability to Superior Grocers, CVS, Augustus Hawkins High School, John Muir Middle School, and Budlong Avenue Elementary School. South Los Angeles has seen significant rent growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past few years with average 2-bedroom market rents reaching $2,300-$2,600 and Section 8 Voucher Payment Standards rising up to $3,052. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Laminate
Interior Information
Cooling Type Wall/Window Unit(s)

Listing Information

Address 6209 Hoover Street
City Los Angeles
State CA
Zip 90044
County Los Angeles
Listing Agent Brandon Evans DRE#02058494
Courtesy Of Rosano Partners
MLS 24391891
List Price $1,395,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 6,603
Year Built 1951
DOM 29

Exterior Information

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Listing information courtesy of: Brandon Evans, Rosano Partners . *Based on information from the Association of REALTORS/Multiple Listing as of Jun 11th, 2024 at 11:03 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.