- 10 Beds
- 13 Baths
- 6,709 Sqft
- .24 Acres
5926 Hoover Street
Huge Price Reduction! Existing 15-unit building with 12 Gut-Renovated & Brand New Units cash flowing at an amazing 7% Cap Rate and 10.4 GRM from day 1. The units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, as well as major exterior capital improvements. On top of that, the major systems have been updated including brand new roofs, electrical, plumbing, HVAC, etc. and even a brand-new fire sprinkler system for all the units that will save you tons of money on insurance costs in California! Amazing upside to 10% Cap Rate & 7.7 GRM on the proforma. Additionally, there are preliminary plans to convert the 2 existing brand-new detached ADUs into 6 detached ADUs (4 additional) to improve the numbers even further. Excellent up and coming location minutes from Banc of California Stadium, USC, & Inglewood. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency. Large ~10,554 SF TOC Tier 3 lot zoned C2 with future redevelopment potential.
Essential Information
- MLS® #25580217
- Price$3,850,000
- Bedrooms10
- Bathrooms13.00
- Square Footage6,709
- Acres0.24
- Year Built1923
- TypeResidential Income
- StyleBungalow
- StatusActive
Community Information
- Address5926 Hoover Street
- AreaC42 - Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90044
Amenities
- ParkingNone
- GaragesNone
Interior
- Interior FeaturesCeiling Fan(s)
- AppliancesMicrowave, Refrigerator
- HeatingElectric
- # of Stories1
- StoriesOne
Additional Information
- Date ListedAugust 18th, 2025
- Days on Market40
- ZoningLAC2
Listing Details
- AgentArmin Soleimani
Office
Global Platinum Properties, Inc.
Price Change History for 5926 Hoover Street, Los Angeles, (MLS® #25580217)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $3,995,000 to $3,850,000 |
Armin Soleimani, Global Platinum Properties, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of September 27th, 2025 at 8:55am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.