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CA
Los Angeles
Los Angeles
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
Newly Listed
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$3,500,000

5928 S Hoover Street, Los Angeles, CA, 90044

ACTIVE
21 Photos
Virtual Tour
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
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Save
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
Listing Agent: Handoko Chen
Listing Office: Growth Investment Group Pasade
Attribution contact:

han.chen@growthinvestmentgroup.com

Information

Price: $3,500,000
Days On Market: 3
Year Build: 1923
MLS ID: AR26075542
Status: Active

Details

Address: 5928 S Hoover Street
County: Los Angeles
City: Los Angeles
Zip: 90044
State: California

Taxes

Property Taxes: $41,558
Tax Amount: $41,558

Description

7.75% In-Place CAP Rate - ±11.16% Cash-on-Cash Return! 15-Unit Turnkey Investment with 2 Brand New ADUs & RTI Expansion Plans. Heavily Upgraded Single-Story Spanish Mission Style Apartment. Ideal 1031 Exchange Property. Turnkey 15-unit (10 Renovated Units + 2 brand new ADUs) Single-Story apartment building cash flowing at a whopping 7.75% In-place CAP Rate providing over 11% Cash-on-cash return. The Spanish Mission Style property has been completely upgraded with many significant CapEx such as: brand new gate, new exterior paint, 2 brand new ADUs (Not subject to rent control), new dual pane windows throughout, and new minimal landscaping, 10 out of the 13 units have been completely upgraded with high-end finishes. It offers significant upside to 9.38% 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. 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 units have been completely upgraded + 2 New ADUs in the back. The building offers efficient unit 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.

Location

Listed By

Listing Agent

Handoko Chen

han.chen@growthinvestmentgroup.com
Growth Investment Group Pasade

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The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 17th April, 2026 8:15 PM (UTC)

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The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 17th April, 2026 8:15 PM (UTC)