220 N Hoover Street
Los Angeles, CA, 90004
$2,499,000
Beds
0 Baths
SqFt
0.12 Acres
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Nestled within the vibrant hills of Echo Park, this distinctive 6-unit building presents an enticing opportunity for both homeowners and investors, boasting captivating vistas of the Downtown Skyline. With a total of 15 bedrooms, 11 bathrooms, and 4150 sq ft of living space, this expansive property is a rare gem, offering a desirable cap rate exceeding 5%. The unit breakdown includes two units featuring 2 bedrooms and 1 bath each, two additional units offering 2 bedrooms and 2 baths each, one unit comprising 3 bedrooms and 2 baths, and a back house unit providing 4 bedrooms and 3 baths. Each unit showcases generous kitchens with an inviting open layout. Recently renovated, the property boasts new flooring, kitchens, bathrooms, fixtures, recessed lighting, appliances, and fresh paint throughout, ensuring modern comfort and style. With separate electrical meters for each unit and parking available for some, this investment promises ample cash flow. Ideally located just minutes away from Downtown Los Angeles, Silver Lake, and Koreatown, residents enjoy easy access to a plethora of amenities and attractions, including Dodger Stadium and the scenic trails of Elysian Park. Enhancing convenience, the complex is gated, while ample parking is provided at the rear of the property. With nearby parks and entertainment options, this dynamic neighborhood offers endless opportunities for leisure and exploration.

Property Details

Price:
$2,499,000
MLS #:
PW24067859
Status:
Active
Baths:
0
Address:
220 N Hoover Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
c21silverlakeechopark
City:
Los Angeles
Listed Date:
Apr 22, 2024
State:
CA
ZIP:
90004
Lot Size:
5,044 sqft / 0.12 acres (approx)
Year Built:
1914
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Schools

Interior

Cooling
Wall/ Window Unit(s)
Fireplace Features
Kitchen
Flooring
Laminate, Tile
Heating
Ductless

Exterior

Community Features
Curbs, Street Lights
Fencing
Vinyl, Wood
Foundation Details
Raised
Garage Spaces
3.00
Lot Features
0-1 Unit/ Acre
Parking Spots
3.00
Pool Features
None
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
City Lights
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
None

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Community

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220 N Hoover Street
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