8639 S Hoover Street, Los Angeles, CA 90044

About this property

8639 S Hoover Street is quadraplex offering all 1 bed / 1 bath units located in Los Angeles, CA. Built in 1928, this +/-2,116 SF + 607 SF ADU building sits atop a +/-6,045 SF lot. With three (units 8639, 8639 1/4, and 8639 1/2)of the four units vacant, a savvy investor has the opportunity to capture market rents with little-to-no additional capital needed in the existing units and an opportunity to utilize thirty year financing for five units upon the completion of the 607 SF, 3 bed / 2 bath garage conversion accessory dwelling unit.This freshly painted Spanish style building is secure and gated with a wrought iron fence. Each unit features a private entrance and has additional open parking behind the building. This property's location and zoning make it a prime asset for investment.This property is adjacent to Inglewood, Huntington Park and Gardena in South Los Angeles. With easy access to the 110 Freeway and a short 16 minute drive to the University of Southern California, this building is the perfect location for students or commuters. This building is located near many major markets such as Ralph's, Superior Grocers and Smart and Final and surrounded by lo \cal grocers and takeout options on both Western Ave and Manchester Ave.THE SF REPRESENTED INCLUDES THE GARAGE CONVERSION ACCESSORY DWELLING UNIT

Listing description from the October 2021 sale, as reported to CRMLS.

Sale history

$839,500

Sold October 2021 · listed $839,000, orig. $849,500, on market July 2021 · MLS #P1-5831 · Source: CRMLS

Listing Agent: Casey Picard · Listing Office: Keller Williams Realty · Contact: (626) 204-3300 · Bought with: Adir Zarian · Keller Williams Encino-Sherman Oaks

$560,000

Sold March 2021 · listed $699,900, on market October 2020 · MLS #PW20224753 · Source: CRMLS

Listing Agent: Eduardo Morales · Listing Office: Berkshire Hathaway H.S.C.P. · Contact: 714-527-9011 · Bought with: Eduardo Morales · Berkshire Hathaway H.S.C.P.

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