4504 S Hoover Street, Los Angeles, CA 90037

Los Angeles
Local realty services provided by:ERA Donahoe Realty
4504 S Hoover Street,Los Angeles, CA 90037
$2,300,000
  • 10 Beds
  • 9 Baths
  • 6,342 sq. ft.
  • Multi-family
  • Active
Listed by: eric hecht
Office: eric hecht323-488-4469
MLS#:26986497
Source:CRMLS

Price summary

  • Price:$2,300,000
  • Price per sq. ft.:$362.66

About this home

Rare 9-unit value-add opportunity on the southeast corner of Hoover and W 45th, minutes from USC, Exposition Park, and the 110. Three buildings on one corner lot: two 2-story Spanish-style fourplexes plus a detached rear home, in all 8 one-bedroom units and 1 two-bedroom, 100% occupied. Approximately $107,300 in documented capital improvements since 2022, including new cool roofs on both fourplex buildings (2026), two full unit renovations, upgraded kitchens and baths, flooring, paint, water heaters, and electrical and plumbing repairs throughout. Four units are Section 8 with reliable HACLA-paid rents. Significant rental upside: most one-bedrooms rent well below the current HACLA payment standard of $1,793. Strong current cash flow with a clear path to a 6%+ cap rate at market rents. Additional income potential from an on-site laundry room with owner-owned machines. Units separately metered for gas and electricity. A clean, well-documented asset with detailed financials and...

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Home facts

  • Year built:1908
  • Listing ID #:26986497
  • Added:12 day(s) ago
  • Updated:September 26, 2026 at 10:50 AM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:9
  • Flooring:Tile
  • Kitchen Description:Gas Range, Refrigerator, Vented Exhaust Fan
  • Living area:6,342 sq. ft.

Structure and exterior

  • Roof:Bitumen, Composition, Shingle
  • Year built:1908
  • Building area:6,342 sq. ft.
  • Lot area:0.15 Acres
  • Architectural Style:Spanish
  • Construction Materials:Stucco
  • Levels:2 Story

Utilities

  • Sewer:Sewer Tap Paid

Finances and disclosures

  • Price:$2,300,000
  • Price per sq. ft.:$362.66

Features and amenities

  • Amenities:Ceiling Fans, Drapes

Parking

  • Total parking spaces:2
  • Parking description:Driveway, On Street
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