1337 S Hoover Street, Los Angeles, CA 90006

Local realty services provided by:ERA Excel Realty
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1337 S Hoover Street,Los Angeles, CA 90006
$15,000,000
  • 132 Beds
  • 72 Baths
  • 65,664 sq. ft.
  • Multi-family
  • Active
Listed by:neema ahadian
Office:marcus & millichap
MLS#:25523091
Source:CRMLS

Price summary

  • Price:$15,000,000
  • Price per sq. ft.:$228.44

About this home

We are pleased to present the Siejay Apartments, a 72-unit multifamily investment opportunity located at 1337S Hoover St. in the Pico-Union neighborhood of Los Angeles. The subject property was originally a HUD Project-Based Section 8 property and was opted out of the HUD program in December 2009. Situated on a large 80,888-square-foot lot, the property offers a rare opportunity for additional value creation, with a significant rental upside of over 68%. There is also potential to add 40 to 50 accessory dwelling units (ADUs), subject to HCD and city approval (Buyer to verify). The existing unit mix includes 12 one-bedroom and 60 two-bedroom apartments, supported by 74 parking spaces. Siejay Apartments is well positioned for a Naturally Occurring Affordable Housing (NOAH) conversion, as 43% of the current tenants are voucher holders, while the remaining units rent for below approximately 80% of the area's median income (AMI). This favorable rent structure enhances the property's

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Home facts

  • Year built:1967
  • Listing Id #:25523091
  • Added:133 day(s) ago
  • Updated:August 21, 2025 at 01:30 PM

Rooms and interior

  • Bedrooms:132
  • Total bathrooms:72
  • Living area:65,664 sq. ft.

Structure and exterior

  • Year built:1967
  • Building area:65,664 sq. ft.
  • Lot area:1.86 Acres

Finances and disclosures

  • Price:$15,000,000
  • Price per sq. ft.:$228.44
Based on information from California Regional Multiple Listing Service, Inc. as of August 21, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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