5614-5618 Hoover St is a renovated, high cashflowing
8 Unit located in South Los Angeles,
90037. Offering a strong 5.95% CAP and 11.21
GRM, 5614-5618 Hoover St has 2 separate APN's. Property can be sold together or separate.
The subject property is comprised of (8) 1-
Bed/1-bath units with the opportunity to build
(4) Studio/1-Bath units above the garage
space. (7) Of the 1-Bed/1-Bath units are
renovated. Once ADUs are built, buyer will
have an additional $8,528/month in income.
Beneficial to the new buyer, all units have
been renovated and are operating near
market. There are also 8 garage parking spots
on site for potential added monthly income.