6209 Hoover Street, Los Angeles
Los Angeles Home For Sale
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 (4) 2 Bed, 1 Bath units and (3) 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 $13,276.92. 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.
Property Details
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90044
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- MLS® #:
- 24391891
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- Bedrooms:
- 5
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- Bathrooms:
- 3
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- Square Ft:
- 3,736
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- Lot Size:
- 0.15
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- Levels:
- Two
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- HOA Dues:
- $
Price Change History for 6209 Hoover Street, Los Angeles, (MLS® #24391891)
| Date | Details | Price | Change |
|---|---|---|---|
| Active | – | – | |
| Pending (from Active) | – | – |
Based on information from California Regional Multiple Listing Service, Inc. as of August 13th, 2024 at 12:53pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.