900 N Hoover Street, Los Angeles, CA 90029

About this property

This trophy six-unit income property offering over a 5% CAP rate, 13.6 GRM and not subject to RSO, is ideally located just blocks from Sunset Junction in trendy Silver Lake. Originally constructed in 1926, then converted to apartments in 2013 and has since undergone a complete renovation with updated systems including roof, plumbing, electrical, and heating and air conditioning. The Sanctum Artiste is an exclusive offering featuring stylishly redesigned units. Each two-bedroom, two-bathroom loft-style unit maintains elements of historical features of stained-glass windows and hardwood floors. All kitchens and baths have been modernized with stainless steel appliances. Washer and dryer in each unit. Gated parking with 8 spots. Fully occupied and separately metered, this is a one-of-a-kind and rare opportunity, not to be missed.

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

Sale history

$3,595,000

Sold May 2021 · listed $3,695,000, on market January 2021 · MLS #21684692 · Source: CRMLS

Listing Agent: Jonathan Mogharrabi · Listing Office: The Agency · Contact: 424-400-5900 · Bought with: Eric Smilay · Nourmand & Associates-BH

$2,600,000

Sold July 2018 · listed $2,895,000, orig. $3,200,000, on market November 2017 · MLS #SR17264376 · Source: CRMLS

Listing Agent: Raymond Rodriguez · Listing Office: Keller Williams Realty Calabasas · Contact: 818-657-6500 · Bought with: Paulina Manessi · Keller Williams Beverly Hills

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