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Listed by: Armin Soleimani (310) 666-2246 DRE #01846872, Julio Ruiz DRE #01911261 | Global Platinum Properties, Inc. (424) 394-1030
$3,700,000
10 Beds
15 Baths
6,709sqft
5926 S Hoover St, Los Angeles, CA 90044
$3,700,000
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Multi Family
Built in 1923
$-- HOA
10,557 sqft lot
$551/sq.ft
Description
Huge 500k Price Reduction! Existing 15-unit building with 12 Gut-Renovated & Brand New Units cash flowing at an amazing 7.25% Cap Rate and 10.1 GRM from day 1. The units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, as well as major exterior capital improvements. On top of that, the major systems have been updated including brand new roofs, electrical, plumbing, HVAC, etc. and even a brand-new fire sprinkler system for all the units that will save you tons of money on insurance costs in California! Amazing upside to 10.4% Cap Rate & 7.4 GRM on the proforma. Additionall...
Continue Reading- Houzeo last checked: 2 Hours ago
- Listing updated: December 11, 2025 at 8:21 am
- Source: California Regional MLS-CA | MLS#: 25625149
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1923
HOA Fees
-
Finished Area
6,709 sqft
Lot Size
10,557 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25625149
MLS Status
Active
Days on Market
12
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