5926 S Hoover Street, Los Angeles, CA 90044 - Berkshire Hathaway HomeServices California Properties

5926 S Hoover Street, Los Angeles, CA 90044

$3,995,000 Approx. USD 10 beds, 15 baths
6,709 sqft

Reduced by $200,000 on 7/14/2025

Listing Agent


Armin Soleimani | arminsoleimani@gmail.com
Lic#: 01846872
Broker: Courtesy of Global Platinum Properties, Inc.

Co Listing Agent


Julio Ruiz | ziuroiluj@gmail.com
Lic#: 01911261
Broker: Courtesy of Global Platinum Properties, Inc.

Agent Remarks

Price Reduction! 15-unit building with 12 Gut-Renovated & Brand New Units cash flowing at an amazing 6.6% Cap Rate and 11 GRM from day 1. The units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, as well as major exterior capital improvements. On top of that, the major systems have been updated including brand new roofs, electrical, plumbing, HVAC, etc. and even a brand-new fire sprinkler system for all the units that will save you tons of money on insurance costs in California! Amazing upside to 9.6% Cap Rate & 8 GRM on the proforma. Additionally, there are preliminary plans to convert the 2 existing brand-new detached ADUs into 6 detached ADUs (4 additional) to improve the numbers even further. Excellent up and coming location minutes from Banc of California Stadium, USC, & Inglewood. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency. Large ~10,554 SF TOC Tier 3 lot zoned C2 with future redevelopment potential.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25547103
List price is $3,995,000 Reduced by $200,000 on 7/14/2025
Price: $3,995,000
Beds: 10
Baths: 15
Built in 1923
6,709 sqft
1 story
0.24 acres
Lot size: 0.2424
County: Los Angeles
Property style: Bungalow
Zoning: LAC2
Interior features: Ceiling Fan(s)
Appliances: Microwave,Refrigerator
Parking description: None
Heating description: Electric
MLS area: C42 - Downtown L.A.

Last Updated: 7/14/2025

 Days On Market (DOM): 43

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This listing belongs to the C42 - Downtown L.A. MLS area

The style of this listing is Bungalow.
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Lat/Long: 33.986509, -118.286690.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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