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Listed by Ta Mara Jones • CALVARY REALTY INC
$950,000
Est. payment /mo
6,764 Sqft Lot
Active
7620 S Hoover Los Angeles, CA 90044
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV25281839
Year Built 1955
Lot Size 6,764 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Calvary Realty is pleased to present a Section 8-backed multifamily investment located at 7620 Hoover Street, Los Angeles, CA, within the Los Angeles-Long Beach-Anaheim MSA, the second-largest metropolitan area in the nation with a population of 12.9 million. The property is offered at $950,000, representing an existing cap rate of 5.38% and a price per square foot of $256.90, positioning it as an accessible entry point into a highly coveted Los Angeles submarket. Originally built in 1955 with updates in 1965, the asset sits on 0.16 acres and consists of a single two-story concrete building totaling 3,698 rentable square feet across four units. Current physical occupancy is 75%, with stable Section 8 income providing downs ide protection and the opportunity for rental upside through improved operations and lease-up. The property is strategically located near the intersection of S Hoover Street and W 77th Street, offering excellent accessibility just adjacent to Interstate 110, which carries a daily traffic count of approximately 14,011 vehicles. Its central location places it minutes from major demand drivers, including SoFi Stadium, Intuit Dome, LA Live, the Memorial Coliseum, BMO Stadium, 4 miles south of USC, and 10 miles east of LAX. With strong visibility, proximi
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Rooms
Kitchen Oven - Gas
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Laundry Gas Hookup, 30
Exterior
Garage Spaces 6.0
Pool None
Building
Water District - Public
Others
Tax ID 6020019026
Special Listing Condition Not Applicable

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