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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$545,000

Est. payment - /mo

2 Beds

2 Baths

1,200 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,200 sqft

Price per Sqft $454

MLS Listing ID 26652945

Bedrooms 2

HOA Y/N No

Year Built 1927

Lot Size 5,170 Sqft

Property Description

We are pleased to present a 2-unit mixed-use property located on 6804 S Hoover St in Los Angeles. Situated on S Hoover St, the property offers great foot traffic and store frontage visibility and is also located five blocks west of the 110 Freeway. Strategically positioned in one of the densest rental markets in Los Angeles, the property caters to hundreds of thousands of tenants and potential customers in the neighborhood and is easily accessible to a number of metro bus stops. The property consists of two separate structures, with the front commercial building consisting of 528 SF with a 672 SF two-bedroom one-bathroom house in the rear, built in 1929 and 1927 respectively, situated on a 5,171 SF LAC2 zoned lot. With the front commercial unit VACANT, the property provides a unique opportunity for multiple strategies. Firstly, an owner-user could operate out of the commercial unit and live in the residential unit. Secondly, an owner-user could operate out of the commercial unit and rent out the residential unit. Thirdly, the next owner could also renovate and re-rent the commercial and residential unit and operate at a 7.10% cap rate. Contact the listing broker for additional information.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAC2

Interior

Fireplace No

Exterior

Parking Features Driveway

Total Parking Spaces 4

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6013020028

Special Listing Condition Standard

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Listed by Casey Lins Kidder Mathews of California, Inc. #01902650

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6804 S Hoover ST Los Angeles, CA 90044