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Listed by: Eric Hecht (888) 243-2604 DRE #01838199 | Eric Hecht (323) 488-4469
$2,099,999
Monthly Est:$10,452
10 Beds
9 Baths
6,342sqft
4504 S Hoover St, Los Angeles, CA 90037
$2,099,999
$10,452/moEst:
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Multi Family
Built in 1908
$-- HOA
6,540 sqft lot
$331/sq.ft
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.
- Houzeo last checked: 5 minutes ago
- Listing updated: October 5, 2026 at 5:13 pm
- Source: California Regional MLS-CA | MLS#: 26986497
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1908
HOA Fees
-
Finished Area
6,342 sqft
Lot Size
6,540 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26986497
MLS Status
Active
Days on Market
50
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 10
Bathrooms: 9
Interior
Flooring
Tile
Appliances
Gas Range, Refrigerator, Vented Exhaust Fan
Interior Features
Ceiling Fans
Sewer
Sewer Tap Paid
Window Features
Blinds, Drapes, French Mullioned, Screens
Construction
Year Built
Year Built: 1908
Home type
Multi Family
Architectural Style
Spanish
Construction Materials
Stucco
Property Condition
Updated Remodeled
Roof
Bitumen, Composition, Shingle
Utilities & Energy
Laundry Features
Common Area
Parking Features
Driveway, On Street
Pool Features
None
Fireplace Features
None
Other Features
Patio And Porch Features
None
Disclosures
Familial Relation, Principal Is Real Estate Licensed, Rent Control
Tenant Pays
Electricity, Gas, Trash Collection
Price History
| Date | Event | Price |
|---|---|---|
09/14/2026 Source: | Listed for Sale | $2,300,000 +9.52% $363/sqft |
09/14/2026 Source: | Price Increased | $2,099,999 +7.69% $331/sqft |
01/20/2022 Source: | Price Increased | $1,950,000 +99.18% $307/sqft |
08/11/2018 Source: | Sold | $979,000 $154/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 04, 2026, 05:45AM and /or other sources. 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. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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