1337 S Hoover Street, Los Angeles, CA 90006

Local realty services provided by:ERA North Orange County Real Estate
1337 S Hoover Street,Los Angeles, CA 90006
$12,000,000
  • 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:$12,000,000
  • Price per sq. ft.:$182.75

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 71%. 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:176 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

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:$12,000,000
  • Price per sq. ft.:$182.75
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