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Image 1 - 6209 S Hoover St, Los Angeles, California, 90044 - House for sale
Image 2 - 6209 S Hoover St, Los Angeles, California, 90044 - House for sale
Image 3 - 6209 S Hoover St, Los Angeles, California, 90044 - House for sale
Image 4 - 6209 S Hoover St, Los Angeles, California, 90044 - House for sale
Image 5 - 6209 S Hoover St, Los Angeles, California, 90044 - House for sale
Image 6 - 6209 S Hoover St, Los Angeles, California, 90044 - House for sale
Home For Sale In Los Angeles, California
6209 S Hoover St, Los Angeles, California, 90044

Home For Sale In Los Angeles, California

house for sale
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Listed: 05/21/24

6209 S Hoover St, Los Angeles, California, 90044

13 Bed:
7 Bath:
3,736 Sq Ft Living Area:
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Price
$ 1,4M

About This House

We are pleased to present6209 SHoover St, a 7-unit apartment community located in South Los Angeles, CA. The property is comprised of a 6-unit apartment building and a fully permitted detached ADU built in 2022. The building has an excellent unit mix of (6) 2 Bed, 1 Bath units and (1) 1 Bed, 1 Bath unit. This rare investment opportunity offers very strong cash flow and immediate upside with 3 current vacancies (all 2-bedroom units), allowing for an investor to achieve a 7%+ cap rate upon lease up at$2, 300.Section 8 Voucher Payment Standards (per HACLA) are currently up to$3, 052for 2-bedroom units as of2/2024.The property also sits on a6, 600square feet lot zonedC2-1VL-CPIOwith ED1 eligibility. The gated apartment community …  Full description

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Vermont-Slauson Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.