5618 Hoover St is a renovated, high cashflowing
4-Plex located in South Los Angeles,
90037. Offering a strong 6.08% CAP and 11.46
GRM, 5614 Hoover St is being sold along side
5614 Hoover St (can be sold together or
separately).
The subject property is comprised of (4) 1-
Bed/1-bath units with the opportunity to build
(2) Studio/1-Bath units above the garage
space. (3) Of the 1-Bed/1-Bath units are
renovated. Once ADUs are built, buyer will
have an additional $4,264/month in income.
Beneficial to the new buyer, all units have
been renovated and are operating near
market. There are also 4 garage parking spots
on site for potential added monthly income.