5316 S Hoover St Los Angeles, CA 90037

$750,000
Los Angeles, CA   90037
0 Beds, 0.0 Baths, 0 sq ft, 7,233 sq ft lot, Built in 1921
5316 S Hoover St, Los Angeles, CA 90037 Photo 0
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5316 S Hoover St, Los Angeles, CA 90037 Photo 16
0 Beds,
0.0 Baths,
0 sq ft,
7,233 sq ft lot
Built in 1921

Description

MLS# IG18289494

DEVELOPERS SPECIAL! GREAT LOCATION! CAP RATE 5.4%! Located 2 miles from the coliseum and 4 miles to staples center in a growing area of Los Angeles. This property is a MIXED USE RESIDENTIAL & COMMERCIAL PROPERTY. You can BUILD up to 18 UNITS ( does not need low income) or more with the right plan that has to include low income housing. Current ANNUAL INCOME $55,200. 4 residential units with a commercial unit store front ( currently used as a 4 bedroom) . There are so many uses for this Property zoned LAC2. It can be used as all residential, all commercial or mixed use. TOTAL OF 5 UNITS! All the units are currently RENTED . Seller may be interested in doing a joint venture of development. Hurry now before this property is GONE. This area is growing fast and the properties are getting snatched up quickly for re development. Perfect opportunity for investor, long time investment or business.(buyer to verify all info with city). tenants to remain Listed by Tonja Bambrook, Keller Williams Realty.

Description

MLS# IG18289494

DEVELOPERS SPECIAL! GREAT LOCATION! CAP RATE 5.4%! Located 2 miles from the coliseum and 4 miles to staples center in a growing area of Los Angeles. This property is a MIXED USE RESIDENTIAL & COMMERCIAL PROPERTY. You can BUILD up to 18 UNITS ( does not need low income) or more with the right plan that has to include low income housing. Current ANNUAL INCOME $55,200. 4 residential units with a commercial unit store front ( currently used as a 4 bedroom) . There are so many uses for this Property zoned LAC2. It can be used as all residential, all commercial or mixed use. TOTAL OF 5 UNITS! All the units are currently RENTED . Seller may be interested in doing a joint venture of development. Hurry now before this property is GONE. This area is growing fast and the properties are getting snatched up quickly for re development. Perfect opportunity for investor, long time investment or business.(buyer to verify all info with city). tenants to remain Listed by Tonja Bambrook, Keller Williams Realty.

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  • Headshot
    Mike Misquez, MBA

    NMLS# 1662824

    Direct: (909) 251-2560
    Email: mike@colonialres.com

Area
AREA: C42 - Downtown L.A.
COUNTY: LA
Building Info
STORIES: 2
COOLING: None
HEATING: Wall Heater, Natural Gas
LAUNDRY: None
Exterior Features
SECURITY: Carbon Monoxide Detector(s), Smoke Detector, Window Bars
FENCING: Chain Link
LOT: 2-5 Units/Acre, Level with Street, Lot Shape-Rectangular, Lot-Level/Flat, Near Public Transit
ROOFING: Flat
CONSTRUCTION: Frame, Stucco
Garage & Parking
PARKING SPACES: 8.00
UNCOVERED SPACES: 8.00
Community
UNITS TOTAL: 5
STORIES TOTAL: 2
Land
WATER: Public
ZONE: lac2
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