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Listed by Elizabeth Ramirez • Bricxone Realty, Inc.
$2,499,000
Est. payment /mo
5,044 Sqft Lot
Active
220 N Hoover ST Los Angeles, CA 90004
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW24067859
Style Contemporary
Originating Board California Regional MLS
Year Built 1914
Lot Size 5,044 Sqft
Property Description
Nestled within the vibrant hills of Echo Park, this distinctive 6-unit building presents an enticing opportunity for both homeowners and investors, boasting captivating vistas of the Downtown Skyline. With a total of 15 bedrooms, 11 bathrooms, and 4150 sq ft of living space, this expansive property is a rare gem, offering a desirable cap rate exceeding 5%. The unit breakdown includes two units featuring 2 bedrooms and 1 bath each, two additional units offering 2 bedrooms and 2 baths each, one unit comprising 3 bedrooms and 2 baths, and a back house unit providing 4 bedrooms and 3 baths. Each unit showcases generous kitchens with an inviting open layout. Recently renovated, the property boasts new flooring, kitchens, bathrooms, fixtures, recessed lighting, appliances, and fresh paint throughout, ensuring modern comfort and style. With separate electrical meters for each unit and parking available for some, this investment promises ample cash flow. Ideally located just minutes away from Downtown Los Angeles, Silver Lake, and Koreatown, residents enjoy easy access to a plethora of amenities and attractions, including Dodger Stadium and the scenic trails of Elysian Park. Enhancing convenience, the complex is gated, while ample parking is provided at the rear of the property. With nea
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Interior
Cooling Window / Wall Unit
Flooring Laminate
Laundry Other
Exterior
Garage Spaces 3.0
Pool 31, None
View City Lights
Building
Foundation Raised
Water District - Public
Architectural Style Contemporary
Others
Tax ID 5156003022
Special Listing Condition Not Applicable
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