6500 S Hoover, Los Angeles, CA 90044
6500 S Hoover, Los Angeles, CA 90044
6500 S Hoover, Los Angeles, CA 90044
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Alexandro Colombo, DRE #01927702 • Keller Williams Coastal Prop.
$730,000
Est. payment /mo
6,571 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW26098653

Year Built 1921

Lot Size 6,571 Sqft

Property Sub-Type Triplex

Source California Regional MLS

Property Description

NOW $730,000. Mixed-use property consisting of a retail storefront, detached 3BR/2BA residence and two storage spaces. Current gross income is $76,800/year, with the retail tenant paying $2,700/month on a month-to-month basis, the residence at $3,100/month and one storage space at $600/month. The second storage space has been fully remodeled and is currently vacant, creating an immediate lease-up opportunity with a target rent of $750/month. Leasing the vacant storage increases gross income to $85,800/year, with full pro forma gross income of $99,600/year. The month-to-month retail tenancy gives a buyer flexibility to retain the existing tenant, re-lease the storefront or pursue owner occupancy. Property includes 11 on-site parking spaces, ±2,854 SF of improvements on a ±6,569 SF lot and LAC2 zoning. $119,000 price reduction from the original asking price. Existing income, immediate lease-up and control of the retail component at a $730,000 entry price.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Interior

Laundry None

Exterior

Pool None

Building

Water District - Public

Others

Tax ID 6013015009

Special Listing Condition Not Applicable

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Sharad Gupta
Sharad Gupta

Broker License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA 95054, USA

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6500 S Hoover

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