Calvary Realty is pleased to present a Section 8–backed multifamily investment located at 7620 Hoover Street, Los Angeles, CA, within
the Los Angeles–Long Beach–Anaheim MSA, the second-largest metropolitan area in the nation with a population of 12.9 million. The
property is offered at $950,000, representing an existing cap rate of 5.38% and a price per square foot of $256.90, positioning it as an
accessible entry point into a highly coveted Los Angeles submarket.
Originally built in 1955 with updates in 1965, the asset sits on 0.16 acres and consists of a single two-story concrete building totaling
3,698 rentable square feet across four units. Current physical occupancy is 75%, with stable Section 8 income providing downs ide
protection and the opportunity for rental upside through improved operations and lease-up.
The property is strategically located near the intersection of S Hoover Street and W 77th Street, offering excellent accessibility just
adjacent to Interstate 110, which carries a daily traffic count of approximately 14,011 vehicles. Its central location places it minutes from
major demand drivers, including SoFi Stadium, Intuit Dome, LA Live, the Memorial Coliseum, BMO Stadium, 4 miles south of USC, and 10
miles east of LAX.
With strong visibility, proximity to major employment and entertainment hubs, and long-term housing demand fundamentals, this
offering represents a compelling opportunity to acquire a stabilized income-producing asset with upside potential in one of the most
resilient rental markets in the country.