8905 S. Hoover Street - ADU Potential 8905 S Hoover St Immeuble residentiel 3 lots 734 383 € (244 794 €/Lot) Los Angeles, CA 90044

The unit mix consists of one 1+1 unit, one 2+1 SFR, and one 3+2 unit. The investment consists of approximately 3,415 of rentable square feet and is situated on an approximately 9,225 square foot parcel. Recent property upgrades include a full renovation of the 1+1 unit, new roof on both structures (2022), and new individual hot water heaters in all units. The building amenities include a large parking area with six total spaces as well as two garages. The large parcel and garages provide a new investor with an opportunity to increase cash flow by building three additional ADUs (buyer to verify). The 1+1 & 3+2 unit have a shared gas and electric meter with the costs included the shown expenses.
The subject property is located in the City of Los Angeles. The property is situated south of Manchester Avenue, North of 92nd Street, West of Figueroa Street, and East of Vermont Avenue. 8905 S. Hoover Street is located south of the redeveloping Downtown which is the central business district of Los Angeles as well as USC, one of the worlds largest leading private research universities. The property is also situated directly across the Street from the Algin Sutton Recreation Center, which includes basketball courts, baseball fields, tennis courts, and a swimming pool. This asset is in close proximity to local retail, schools, and the 110 & 105 freeways. Nearby public transportation includes the Metro Blue Line, which runs north and south along the 110 Freeway.