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California Regional Multiple Listing Service

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Home / Los Angeles / 5928 S Hoover Street
5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 5928 S Hoover Street Los Angeles, CA 90044 View All Photos

$3,300,000

| Active

5928 S Hoover Street

Los Angeles, CA 90044

0.24
Acres
131
Days on Market
AR26191591
MLS#
Multi-Family
Type
House
Structure
Residential
Zone
Contact
Listing OfficeGrowth Investment Group Pasade

2ND Price Reduction! Renovated 15-unit building (13 Units + 2 Brand New Non-RSO ADUs) cash flowing at a whopping 8% In-place CAP Rate providing over 12% Cash-on-cash return. Major capital improvements completed including new roofs, new electrical, new plumbing, new double pane windows throughout, new exterior paint, new entrance gate, new landscaping, and 10 of the 13 units have been completely upgraded + 2 New ADUs in the back (Not Subject to Rent Control). It offers significant upside to a 9.7% Proforma CAP Rate upon the remaining 3 non-upgraded units turnover. Combine this high return + its newer year built + ease of maintenance, this offering is perfect for a 1031 exchange buyer or an experienced investor looking for high cash flow + easy to maintain assets. The main property was built in 1923 and completely renovated with permits in 2023. The building offers single-story spanish style units with an efficent mix for the area, consisting of ten (10) 1bed+1bath and five (5) Studio units. The property sits on a large 10,554 SF C2 zoned lot and includes RTI plans to convert 2 brand new ADUs into 6 ADUs, adding additional 4 units. It is centrally located in a highly desirable area just minutes away from the home of LAFC our city’s premier professional soccer team, BMO Stadium, USC, Crypto Arena, Home of the Lakers, Clippers, and LA Kings. ) Expo Park and the Metro Green Line. These properties are in a high density and high demand area which provides a consistent flow of renters for future vacancies. The units are individually metered for electricity and gas and tenants pay for trash therefore minimizing the operating expenses.

Property Details
Cooling
1
Heating
Wall Furnace
Cooling Features
Wall Window Units
Lot Features
Level, Near Public Transit, Rectangular Lot, Street Level
Stories
1
Lot Description
Level, Near Public Transit, Rectangular Lot, Street Level
Acres
0.242
Lot Size (sqft)
10557.0
Parking Spaces
0.0
Parking Garage Spaces
0.0
Parking Carport Spaces
0.0
Property Type
Multi-Family
Style
Spanish
Property Subtype Additional
Apartment
Year Built
1923
Roof
Flat
Sewer Information
Public Sewer
Utility Source
Public
Utility Features
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Not Available, Sewer Connected, Water Connected
Appliances
Gas Range, Refrigerator, Range Hood
Community Features
Urban
County
Los Angeles
Region
Los Angeles
Original List Price
$3,300,000
Days on Market (Cumulative)
131
Taxes Annual
$41,558
HOA Fees
0.0
MLS #
AR26191591
Property Subtype
Apartment
Fence
1
Parcel Number
6004031040
MLS #
AR26191591
Property Condition
Repairs Cosmetic, Updated Remodeled
Date Listed
September 01, 2026
Address
5928 S Hoover Street
Location
Legal

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Provided By
Listed by Handoko Chen (#AR45550)
Listing Office: Growth Investment Group Pasade (#31317)

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