4302 S Hoover Street, Los Angeles, CA 90037
Property
Sold January 2026
Listing Agent: Matias Stofenmacher (DRE #01705003) · Listing Office: Edgestone Real Estate, Inc. · Contact: 818-464-5707 · Bought with: Margie Khajehkian · Visionaire Real Estate · MLS #PW25268986 · Source: CRMLS
About this property
We are pleased to present this well-maintained 8-unit asset delivering exceptionally high day-one cash flow, with an over 9% CAP rate and an ultra-low 7.78 GRM—a true turnkey, low-touch investment. This prime USC property features five oversized 2BR/1BA units and three 1BR/1BA units, along with 1.5 parking spaces per unit, including three additional carports ideal for extra income or an easy ADU conversion. Located just steps from USC, BMO Stadium, and the LA Memorial Coliseum, the building sits on an oversized 8,419 SF C-2 lot in a Tier 3 TOC zone, offering exceptional long-term development potential. With a brand-new 2025 roof, strong in-place income, and no deferred maintenance, this is the ultimate “land bank with cash flow” opportunity—priced to sell and sure to move quickly.
Listing description from the January 2026 sale, as reported to CRMLS.
Sale history