Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1955
Sq.Footage
N/A
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Wall Furnace
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
Yes
-
Pool Features
None
Area & Lot
-
Lot Features
Corner Lot
-
Lot Size(acres)
0.1553
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$950,000
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
250
-
Water Source
Public
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Ta Mara Jones , CALVARY REALTY INC
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