830 S Hoover St
Los Angeles, CA 90005
6 Beds
10 Baths
8,080 Sq Ft
27 Days on Market
For Sale $2,790,000
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Save
Courtesy of Compass

Listing Agent & Comments

Compass
310-230-5478michael.yue@compass.com License #02083986
Discover the potential of this exceptional mixed-use property located at 830 S. Hoover Street, nestled in the vibrant heart of Los Angeles's Korea Town. This versatile property features a blend of commercial, office, and residential units, making it an ideal investment for savvy investors or business owners looking to diversify their portfolio. The property includes three commercial retail units, each generating solid rental income, with two units at $2,180 per month and a third unit at $2,380. Above, there are three office units, two of which are currently vacant, providing additional opportunities for rental growth. The occupied office unit is leased at $1,650, while the vacant units offer potential rents of $2,000 and $3,000. The residential component includes four apartments: a spacious three-bedroom, two-bathroom unit at $2,000, a studio at $1,400, a one-bedroom at $1,500, and another studio at $1,300. With a total rent potential of $19,590 per month, this property generates a Net Operating Income (NOI) of $176,310 annually, translating to a favorable cap rate of 6.1% and a Gross Rent Multiplier (GRM) of 12.3. Positioned in a prime location with high visibility and foot traffic, this property not only offers strong rental demand but also presents an incredible opportunity for value-add renovations in the vacant units. Whether you're looking to expand your real estate portfolio or step into a lucrative investment, 830 S. Hoover Street is a remarkable chance to capitalize on the dynamic local market. Don't miss out; contact us today to schedule a viewing or for more information!

MLS# 24445057 • Data provided by CRMLS
Additional home details
Living Area8,080 Sq.Ft.
Lot Size6,312 Sq.Ft.
Total Rooms--
Bedrooms6
Bathrooms10
Stories2
Year Built1966
Property TypeMulti Family
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year--
Tax Amount--
Property in Flood Zone--
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More Information On This Home
This home's estimated value
$2,889,916
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties
New
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HouseCanary, Inc. Brokerage

830 S Hoover St., Los Angeles, CA 90005

Multi Family
6 Beds
10 Baths
8,080 Sq Ft
27 Days on Market

Listing Agent & Comments

Compass
310-230-5478michael.yue@compass.com License #02083986
Discover the potential of this exceptional mixed-use property located at 830 S. Hoover Street, nestled in the vibrant heart of Los Angeles's Korea Town. This versatile property features a blend of commercial, office, and residential units, making it an ideal investment for savvy investors or business owners looking to diversify their portfolio. The property includes three commercial retail units, each generating solid rental income, with two units at $2,180 per month and a third unit at $2,380. Above, there are three office units, two of which are currently vacant, providing additional opportunities for rental growth. The occupied office unit is leased at $1,650, while the vacant units offer potential rents of $2,000 and $3,000. The residential component includes four apartments: a spacious three-bedroom, two-bathroom unit at $2,000, a studio at $1,400, a one-bedroom at $1,500, and another studio at $1,300. With a total rent potential of $19,590 per month, this property generates a Net Operating Income (NOI) of $176,310 annually, translating to a favorable cap rate of 6.1% and a Gross Rent Multiplier (GRM) of 12.3. Positioned in a prime location with high visibility and foot traffic, this property not only offers strong rental demand but also presents an incredible opportunity for value-add renovations in the vacant units. Whether you're looking to expand your real estate portfolio or step into a lucrative investment, 830 S. Hoover Street is a remarkable chance to capitalize on the dynamic local market. Don't miss out; contact us today to schedule a viewing or for more information!

MLS# 24445057 • Data provided by CRMLS
Additional home details
Living Area8,080 Sq.Ft.
Lot Size6,312 Sq.Ft.
Total Rooms--
Bedrooms6
Bathrooms10
Stories2
Year Built1966
Property TypeMulti Family
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year--
Tax Amount--
Property in Flood Zone--
We’ll connect you with top agents in your area.
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $2,790,000
Request tour
Save
Courtesy of Compass
830 S Hoover St
Los Angeles, CA 90005
6 Beds
10 Baths
8,080 Sq Ft
27 Days on Market

Listing Agent & Comments

Compass
310-230-5478michael.yue@compass.com License #02083986
Discover the potential of this exceptional mixed-use property located at 830 S. Hoover Street, nestled in the vibrant heart of Los Angeles's Korea Town. This versatile property features a blend of commercial, office, and residential units, making it an ideal investment for savvy investors or business owners looking to diversify their portfolio. The property includes three commercial retail units, each generating solid rental income, with two units at $2,180 per month and a third unit at $2,380. Above, there are three office units, two of which are currently vacant, providing additional opportunities for rental growth. The occupied office unit is leased at $1,650, while the vacant units offer potential rents of $2,000 and $3,000. The residential component includes four apartments: a spacious three-bedroom, two-bathroom unit at $2,000, a studio at $1,400, a one-bedroom at $1,500, and another studio at $1,300. With a total rent potential of $19,590 per month, this property generates a Net Operating Income (NOI) of $176,310 annually, translating to a favorable cap rate of 6.1% and a Gross Rent Multiplier (GRM) of 12.3. Positioned in a prime location with high visibility and foot traffic, this property not only offers strong rental demand but also presents an incredible opportunity for value-add renovations in the vacant units. Whether you're looking to expand your real estate portfolio or step into a lucrative investment, 830 S. Hoover Street is a remarkable chance to capitalize on the dynamic local market. Don't miss out; contact us today to schedule a viewing or for more information!

MLS# 24445057 • Data provided by CRMLS
Additional home details
Living Area8,080 Sq.Ft.
Lot Size6,312 Sq.Ft.
Total Rooms--
Bedrooms6
Bathrooms10
Stories2
Year Built1966
Property TypeMulti Family
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year--
Tax Amount--
Property in Flood Zone--
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$2,889,916
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $2,790,000
Request tour
Save
Courtesy of Compass