Home | Los Angeles County | Los Angeles | 90044 | 5928 S Hoover St
MLS: CRAR26075542 | Status: | Price: $3,500,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 10,557 | 1923 |
Renovated 15-unit building (13 Units + 2 Brand New ADUs) cash flowing at a whopping 7.75% In-place CAP Rate providing over 11% Cash-on-cash return. Major capital improvements completed including new roofs, new electrical, new plumbing, new double pane windows throughout, new exterior paint, new entrance gate, new landscaping, and 10 of the 13 units have been completely upgraded + 2 New ADUs in the back (Not Subject to rent control). It offers significant upside to a 9.38% Proforma CAP Rate upon the remaining 3 non-upgraded units turnover. Combine this high return + its newer year built + ease of maintenance, this offering is perfect for a 1031 exchange buyer or an experienced investor looking for high cash flow + easy to maintain assets. The main property was built in 1923 and completely renovated with permits in 2023. The building offers single-story spanish style units with an efficent mix for the area, consisting of ten (10) 1bed+1bath and five (5) Studio units. The property sits on a large 10,554 SF C2 zoned lot and includes RTI plans to convert 2 brand new ADUs into 6 ADUs, adding additional 4 units. It is centrally located in a highly desirable area just minutes away from the home of LAFC our city’s premier professional soccer team, BMO Stadium, USC, Crypto Arena, Home of t
| Field | Value |
|---|---|
| MLS # | CRAR26075542 |
| MLS Source | California Regional MLS |
| Days on Site | 34 |
| Feature | Details |
|---|---|
| Appliances | Hood Over Range, Oven Range - Gas |
| Flooring | Laminate |
| Laundry | None |
| Cooling | Window/Wall Unit |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Flat |
| Style | Spanish |
| Feature | Details |
|---|---|
| Garage/Parking | No Parking, Garage: 0 Car(s) |
| HOA Fee | $0 |
Handoko Chen
Growth Investment Group Pasade
License #: 01749321
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 15 | – |
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This listing information is up-to-date as of May 04, 2026. For the most current information, please contact Handoko Chen.