171 S Hoover, Los Angeles, CA 90004
171 S Hoover, Los Angeles, CA 90004
171 S Hoover, Los Angeles, CA 90004
171 S Hoover, Los Angeles, CA 90004
171 S Hoover, Los Angeles, CA 90004
171 S Hoover, Los Angeles, CA 90004
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Zach Arrington

Zach Arrington

+1(619) 374-5339
$ 3,495,000
Est. payment | /mo

13 Beds

11 Baths

7,484 Sqft Lot

Save Virtual Tour
$ 3,495,000
Est. payment | /mo
Save Virtual Tour

13 Beds

11 Baths

7,484 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB26208194

Bedrooms 13

Lot Size 7,484 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

171 S Hoover St is a 2025-built, NON-RENT-CONTROLLED luxury 6-unit investment opportunity located between Silver Lake, Echo Park, Koreatown and Downtown Los Angeles. The property is 100% leased at market rents and delivers a strong 5.73% real cap rate with $251,760 in annual gross potential income, offering an investor immediate, stabilized cash flow from day one. Spanning nearly 7,200 square feet, Hoover features an exceptional oversized unit mix with three large 4-bedroom units, one 3-bedroom unit and two spacious 2-bedroom units. The residences boast tenant-friendly floorplans that live more like private homes than traditional apartments. Each unit offers high-end modern finishes including large kitchen islands, floor-to-ceiling windows, walk-in closets, central HVAC, in-unit washers and dryers, and expansive private balconies. The location provides tenants with convenient access to major entertainment, healthcare and employment centers, including Netflix, Paramount Studios, Kaiser Permanente Los Angeles Medical Center and Sunset Gower Studios. Centrally positioned near Hollywood, Koreatown, Los Feliz and Silver Lake, providing residents with easy access to some of Los Angeless best shopping, dining, nightlife and entertainment. With newer construction, no rent control, fully stabilized market rents, oversized units, and strong day-one income, 171 S Hoover offers a rare opportunity to acquire a turnkey multifamily asset in one of LAs most active rental markets.

Location

State CA

County Los Angeles

Zoning Builder

Direction From the 101 Freeway, exit at Alvarado Street and head south. Turn right on Beverly Boulevard, then left on S Dillon Street. Con

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 3

Level or Stories 3

Others

Senior Community No

Tax ID 5501018016

Virtual Tour https://www.myunits.com/buy/171hoover

MLS Router / San Diego MLS
Listed by Lauren Cearley, DRE#02146823 Myunits.com Inc. 
Co-listed byCheyenne Womack • Myunits.com Inc.

Nearby Locations

Zach Arrington

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 374-5339

zach@zarealtygroup.com

1420 Kettner Blvd suite 100, San Diego, California 92101, USA

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171 S Hoover