543 N Hoover Street, Los Angeles, CA 90004
-
Listed Price :
$1,720,000
-
Beds :
10
-
Baths :
8
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Property Size :
4,736 sqft
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Year Built :
1958
Property Description
DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. We are pleased to present 543-545 North Hoover Street, an eight-unit apartment community located just minutes from the vibrant Sunset Junction neighborhood. Nestled in one of Los Angeles' most walkable neighborhoods, this area has experienced a surge in popularity and rental demand, driven by an array of artisanal coffee shops, cafes, local retailers and bars. Constructed in 1958 and 1962, the property features both one and two-bedroom units, with eight on-site parking spaces. Currently, tenants are paying below-market rents compared to similar properties in the area. By renovating the units and aligning rents with market rates, a savvy investor could realize an impressive 83% rental upside, unlocking significant long-term appreciation potential. 543-545 North Hoover Street offers substantial potential rental upside and appreciation in a thriving neighborhood.
Interior Features
| Bedroom Information |
| Bedrooms |
10 |
| Bathroom Information |
| Bathrooms |
8 |
Listing Information
| Address |
543 N Hoover Street |
| City |
Los Angeles |
| State |
CA |
| Zip |
90004 |
| County |
Los Angeles |
| Listing Agent |
Sean Rosenzweig DRE #01406343 |
| Courtesy Of |
Marcus & Millichap |
| List Price |
$1,720,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
4,736 |
| Lot Size |
7,499 |
| Year Built |
1958 |
Listing information courtesy of: Sean Rosenzweig, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 6th, 2024 at 6:53 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
