7620 S Hoover, Los Angeles, CA 90044

Description

Calvary Realty is pleased to present a Section 8–backed multifamily investment located at 7620 Hoover Street, Los Angeles, CA, within
the Los Angeles–Long Beach–Anaheim MSA, the second-largest metropolitan area in the nation with a population of 12.9 million. The
property is offered at $950,000, representing an existing cap rate of 5.38% and a price per square foot of $256.90, positioning it as an
accessible entry point into a highly coveted Los Angeles submarket.
Originally built in 1955 with updates in 1965, the asset sits on 0.16 acres and consists of a single two-story concrete building totaling
3,698 rentable square feet across four units. Current physical ...