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4504 S Hoover Street Los Angeles, CA $ 2,300,000
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$ 2,300,000 Get more info
4504 S Hoover Street
$ 2,300,000
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4504 S Hoover Street

Los Angeles, CA, 90037
$ 2,300,000
Bedrooms10 Baths2.0 Sq 6,342

Monthly Estimate*

$ 14,522

Listed by Eric Hecht
4504 S Hoover Street, Los Angeles, CA 90037 - Image 1
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4504 S Hoover Street, Los Angeles, CA 90037 - Image 12
4504 S Hoover Street, Los Angeles, CA 90037 - Image 13
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4504 S Hoover Street, Los Angeles, CA 90037 - Image 19
4504 S Hoover Street, Los Angeles, CA 90037 - Image 20

Multi-Family Home for sale in Los Angeles, CA

for $2,300,000 with 10 bedrooms and 2 full baths. This 6,342 square foot home was built in 1908 on a lot size of 0.1501.

Rare 9-unit value-add opportunity on the southeast corner of Hoover and W 45th, minutes from USC, Exposition Park, and the 110. Three buildings on one corner lot: two 2-story Spanish-style fourplexes plus a detached rear home, in all 8 one-bedroom units and 1 two-bedroom, 100% occupied. Approximately $107,300 in documented capital improvements since 2022, including new cool roofs on both fourplex buildings (2026), two full unit renovations, upgraded kitchens and baths, flooring, paint, water heaters, and electrical and plumbing repairs throughout. Four units are Section 8 with reliable HACLA-paid rents. Significant rental upside: most one-bedrooms rent well below the current HACLA payment standard of $1,793. Strong current cash flow with a clear path to a 6%+ cap rate at market rents. Additional income potential from an on-site laundry room with owner-owned machines. Units separately metered for gas and electricity. A clean, well-documented asset with detailed financials and improvement history available. Seller will cooperate with buyer's 1031 exchange.

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Multi-Family Active

Price

$ 2,300,000

Bedrooms

10

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1501

Year Built

1908

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

26986497

Days on Market

4
Features
General
Living Area 6342
Sewer Sewer Tap Paid
Roof Bitumen Composition Shingle
Appliances Gas Range Refrigerator Vented Exhaust Fan
Zoning LAC2
Patio/Porch Features None
Architectural Style Spanish
Pool Features None
Construction Materials Stucco
Year Built 1908
Tenant Pays Electricity Gas Trash Collection
Stories Count 2
Levels Two Multi/Split
Gross Income 183101
Accessibility None
County Los Angeles
Net Operating Income 115819
Insurance Expense 12085
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 5500
Full Baths 0
Special Listing Conditions Standard
Status Active
Buyer Financing Conventional
Directions Southeast corner of Hoover St & W 45th St. From the 110 exit Vernon Ave west to Hoover north to property.
City Los Angeles
Disclosures Familial Relation Principal is Real Estate Licensed Rent Control
Senior Community Y/N false
Open Parking Spaces 2
Number Of Units Total 9
MLS Area C42 - Downtown L.A.
Lot Size Units Square Feet
Lot Size Square Feet 6540
Listing Terms Cash Conventional
Spa Features None
Property Attached Y/N true
Property Condition Updated/Remodeled
Trash Expense 500
Water Sewer Expense 9800
Rent Control Y/N true
Standard Status Active
Occupancy Type Tenant
Year Built Source Assessor
Taxes 28750
Cap Rate 5.04
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Interior
Interior Amenities Ceiling Fan(s)
Flooring Tile
Fireplace Features None
Total Stories 2
Common Walls 1 Common Wall
Window Features Blinds Drapes French/Mullioned Screens
Fireplace Y/N false
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Laundry Features Common Area
Total Bedrooms 10
Total Baths 9
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Exterior
Parking Features Driveway On Street
Total Parking 2
Lot Size Area 6540
Number of Buildings 3
Spa false
Building Area Total 6342
Lot Dimensions 150x44
Lot Size Acres 0.1501
Private Pool false
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* Excluded Features
List By
Eric Hecht

Broker

eric@hmmycorp.com

Email

Affordability Calculator

$14,522
Per Month
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Monthly Principal & Interest
$14,522
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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.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/14/2026$2,300,000 Listed Price

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4504 S Hoover Street, Los Angeles, CA, 90037 is a Multi-Family Home for sale at $2,300,000 with 6,342 sqft and a lot size of 0.1501. 4504 S Hoover Street has 10 bedrooms, 2.0 baths, and was built in 1908. The property's zip code is 90037 which is in Los Angeles, CA

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