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$2,099,999

FOR SALE
Active

4504 S Hoover Street

Los Angeles, CA

MLS# 26986497

6,342 Sq Ft10bd • 9ba
53 days on marketNalren refreshed

Listing Agent

Eric Hecht

Listing Agent

Eric Hecht

DRE #: 01838199

(323) 488-4469

Brokerage: Eric Hecht

Property Details

10

Bedrooms

9

Bathrooms

6,342 sqft

Square Feet

1908

Year Built

6,540 sqft

Lot Size

$331

Price/Sq Ft

N/A

Garage Spaces

N/A

HOA

N/A

Property Type

Description

Rare 9-unit value-add opportunity on the southeast corner of Hoover and W 45th, minutes from USC, Exposition Park, and the 110. Three buildings on one corner lot: two 2-story Spanish-style fourplexes plus a detached rear home, in all 8 one-bedroom units and 1 two-bedroom, 100% occupied. Approximately $107,300 in documented capital improvements since 2022, including new cool roofs on both fourplex buildings (2026), two full unit renovations, upgraded kitchens and baths, flooring, paint, water heaters, and electrical and plumbing repairs throughout. Four units are Section 8 with reliable HACLA-paid rents. Significant rental upside: most one-bedrooms rent well below the current HACLA payment standard of $1,793. Strong current cash flow with a clear path to a 6%+ cap rate at market rents. Additional income potential from an on-site laundry room with owner-owned machines. Units separately metered for gas and electricity. A clean, well-documented asset with detailed financials and improvement history available. Seller will cooperate with buyer's 1031 exchange.

Facts & Features

Interior

Fireplace
No
Laundry Features
Community Laundry
Appliances
Gas Range, Refrigerator, Vented Exhaust Fan
Flooring
Tile
Interior Features
Ceiling Fans
Window Features
Blinds, Drapes, French Mullioned, Screens

Exterior

Private Pool
No
Roof
Bitumen, Composition, Shingle
Patio And Porch Features
None

Building

Year Built
1908
Living Area
6,342 sqft
Architectural Style
Spanish
Building Area Total
6,342
Levels
Multi Split, Two
Property Condition
Updated Remodeled
Stories Total
2

Utilities

Sewer
Sewer Tap Paid

Parking

Parking Features
Driveway, On Street
Parking Total
2

Community / HOA

HOA
No

Accessibility / Green

Accessibility Features
None

Sale history for 4504 S Hoover Street

  • Sold $1,950,000 in January 2022 · MLS #21799738 · Source: CRMLS
  • Sold $979,000 in August 2018 · MLS #DW18134470 · Source: CRMLS

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CRMLS

MLS# 26986497

Listed:

Nalren refreshed:

Last updated

© 2026 California Regional Multiple Listing Service, Inc. Based on information from the California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Eric Hecht

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.