6214 Hooper Avenue
Los Angeles, CA, 90001 $ 959,000
Bedrooms8 Baths2.0 Sq 2,544 Monthly Estimate*
$ 6,055
for $959,000 with 8 bedrooms and 2 full baths. This 2,544 square foot home was built in 1959 on a lot size of 0.1346.
Exceptional Value-Add Fourplex in the Heart of South Los Angeles!Pride of ownership shines throughout this well-maintained four-unit investment property, offered for sale for the first time in many years by the same family. Featuring four spacious 2-bedroom, 1-bath units, this fully occupied asset offers immediate, reliable cash flow with long-term tenants who have an excellent history of on-time rent payments.The property offers outstanding curb appeal with a freshly painted exterior, secure gated entry, covered parking, and attractive drought-tolerant landscaping, all situated directly across from a neighborhood park that enhances the tenant experience.Two units have been tastefully maintained, while two offer an excellent opportunity for cosmetic improvements, allowing the next owner to increase value and maximize future rental income. Separate gas and electric meters minimize operating expenses, with the seller currently responsible for only water and trash.Located on an LCR3YY-zoned lot, this property presents exciting long-term upside, including the potential to add an Accessory Dwelling Unit (ADU) or further enhance the site (buyer to independently verify all development possibilities with the City of Los Angeles).Conveniently located near schools, shopping, public transportation, major freeways, and Downtown Los Angeles, this is an outstanding opportunity for investors seeking stable income today with significant future appreciation and value-add potential.Property Highlights:* Four spacious 2-bedroom, 1-bath units* Fully occupied with long-term, reliable tenants* Strong history of on-time rent payments* Freshly painted exterior with excellent curb appeal* Secure gated entry and covered parking* Separate gas and electric meters* Seller pays only water * Directly across from a neighborhood park* LCR3YY zoning with potential ADU/development opportunities (buyer to verify)Please do not disturb tenants. Drive-by only. Interior inspection subject to an accepted offer. Buyer to independently verify all information, including square footage, zoning, permits, rent control status, development potential, and all aspects of the property.
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FeaturesGeneralLiving Area 2544
Sewer Sewer Tap Paid
Heating Natural Gas
Cooling None
Roof Shingle
Zoning LCR3YY
Garage Spaces 0
Architectural Style Traditional
Pool Features None
Security Features Gated Community
Construction Materials Stucco
Year Built 1959
Tenant Pays Electricity Gas
Stories Count 2
Levels Two
Gross Income 67944
Community Features Gated
County Los Angeles
Net Operating Income 57933
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 1500
Facing Direction West
Garage Y/N false
Full Baths 0
Special Listing Conditions Standard
Status Active
Buyer Financing Conventional Private
Directions South of Slauson and North of Gage.
City Los Angeles
Senior Community Y/N false
Open Parking Spaces 4
Number Of Units Total 4
MLS Area C42 - Downtown L.A.
Lot Size Units Square Feet
Lot Size Square Feet 5864
Carport Spaces 4
Carport Y/N true
Listing Terms Trust Deed
Spa Features None
Land Lease Y/N false
Property Condition Repairs Cosmetic
Water Sewer Expense 1200
Additional Parcels Y/N false
Rent Control Y/N true
Standard Status Active
Occupancy Type Tenant
Taxes 7311
Cap Rate 6.04
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InteriorTotal Stories 0
Air Conditioning Y/N false
Heating Y/N true
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Laundry Features None
Total Bedrooms 8
Total Baths 4
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ExteriorParking Features Carport
Lot Features Rectangular Lot
Water Source Public
Total Parking 8
Lot Size Area 5864
Foundation Details Slab
Number of Buildings 1
Spa false
Building Area Total 2544
Lot Size Acres 0.1346
Private Pool false
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* Excluded FeaturesList Byvaniarincon@vr-team.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,055
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,901,234
Percent of Sale Price 98%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/28/2026 | $959,000 | | Listed Price |