5928 S Hoover ST
Los Angeles, CA, 90044
$3,400,000
Beds
0 Baths
0 SqFt
0.24 Acres
Add
MLS #AR26137954 image #0
Price Reduction! Renovated 15-unit building (13 Units + 2 Brand New Non-RSO ADUs) cash flowing at a whopping 8% In-place CAP Rate providing over 12% Cash-on-cash return. Major capital improvements completed including new roofs, new electrical, new plumbing, new double pane windows throughout, new exterior paint, new entrance gate, new landscaping, and 10 of the 13 units have been completely upgraded + 2 New ADUs in the back (Not Subject to Rent Control). It offers significant upside to a 9.4% Proforma CAP Rate upon the remaining 3 non-upgraded units turnover. Combine this high return + its newer year built + ease of maintenance, this offering is perfect for a 1031 exchange buyer or an experienced investor looking for high cash flow + easy to maintain assets. The main property was built in 1923 and completely renovated with permits in 2023. The building offers single-story spanish style units with an efficent mix for the area, consisting of ten (10) 1bed+1bath and five (5) Studio units. The property sits on a large 10,554 SF C2 zoned lot and includes RTI plans to convert 2 brand new ADUs into 6 ADUs, adding additional 4 units. It is centrally located in a highly desirable area just minutes away from the home of LAFC our city’s premier professional soccer team, BMO Stadium, USC, Crypto Arena, Home of the Lakers, Clippers, and LA Kings. ) Expo Park and the Metro Green Line. These properties are in a high density and high demand area which provides a consistent flow of renters for future vacancies. The units are individually metered for electricity and gas and tenants pay for trash therefore minimizing the operating expenses.

Property Details

Price:
$3,400,000
MLS #:
AR26137954
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
c34losangelessouthwest
Listed Date:
Jun 24, 2026
Total Sq Ft:
6,709
Lot Size:
10,557 sqft / 0.24 acres (approx)
Year Built:
1923
SpanishC34 – Los Angeles SouthwestC34losangelessouthwestNone

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Schools

Interior

Appliances
RF, GR, HOD
Cooling
WW
Flooring
LAM, VINY, WOOD
Heating
WL
Laundry Features
NO
Levels
A

Exterior

Architectural Style
SPN
Common Walls
_2CW
Community Features
URB
Construction Materials
STC
Direction Faces
W
Fencing
WI
Roof
FLTR
Spa Features
NO
View
NO

Financial

Gross Operating Income
$355,730
Net Operating Income
$272,085
Taxes
$41,558

Map

Community

Market Summary

Current real estate data for Single Family in Los Angeles as of Jul 11, 2026
7,438
Single Family Listed
81
Avg DOM
440
Avg $ / SqFt
$1,649,779
Avg List Price

Property Summary

    5928 S Hoover ST Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90044. It is listed for $3,400,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1923. The average price per square foot for Single Family listings in Los Angeles is $440. The average listing price for Single Family in Los Angeles is $1,649,779.

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