Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90004 220 N Hoover Street

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Presented By: Elizabeth Ramirez with Bricxone Realty, Inc.;
  • MLS# PW24067859
  • 04/22/2024
  • Request Tour
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  • Beds • 15
  • Baths • 10
  • SQFT • 4,150
  • Garage • 3
  • Year Built • 1914

Home Details

Nestled within the vibrant hills of Echo Park, this distinctive 6-unit building presents an enticing opportunity for both homeowners and investors, boasting captivating vistas of the Downtown Skyline. With a total of 15 bedrooms, 11 bathrooms, and 4150 sq ft of living space, this expansive property is a rare gem, offering a desirable cap rate exceeding 5%. The unit breakdown includes two units featuring 2 bedrooms and 1 bath each, two additional units offering 2 bedrooms and 2 baths each, one unit comprising 3 bedrooms and 2 baths, and a back house unit providing 4 bedrooms and 3 baths. Each unit showcases generous kitchens with an inviting open layout. Recently renovated, the property boasts new flooring, kitchens, bathrooms, fixtures, recessed lighting, appliances, and fresh paint throughout, ensuring modern comfort and style. With separate electrical meters for each unit and parking available for some, this investment promises ample cash flow. Ideally located just minutes away from Downtown Los Angeles, Silver Lake, and Koreatown, residents enjoy easy access to a plethora of amenities and attractions, including Dodger Stadium and the scenic trails of Elysian Park. Enhancing convenience, the complex is gated, while ample parking is provided at the rear of the property. With nearby parks and entertainment options, this dynamic neighborhood offers endless opportunities for leisure and exploration.
Presented By: Elizabeth Ramirez with Bricxone Realty, Inc.;

Interior Features for 220 N Hoover Street

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesKitchen
Fireplace Y/NYes
FlooringLaminate, Tile
Heating Y/NYes
Laundry FeaturesInside
Total Stories2

Other Rooms

Entry Level1

General for 220 N Hoover Street

Additional Parcels Y/NNo
Architectural StyleModern
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesCurbs, StreetLights
CoolingWallWindowUnits
CountyLos Angeles
DirectionsProperty is off of Temple and Council
Electric Expense8550.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense1200.0
Garage Spaces3.0
Garage Y/NYes
Gross Income0.0
HOANo
HOA Fee$0.0
HeatingDuctless
Home Warranty Y/NNo
Insurance Expense4368.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Conventional, Exchange1031, Submit
Lot Size Square Feet5044.0
Lot Size UnitsSquareFeet
MLS AreaC21 - Silver Lake - Echo Park
MaintenanceExpense2060.0
MobileHomeRemainsYNNo
Net Operating Income259237.0
New ConstructionNo
Number Of Units Total6
Operating Expense25163.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot19
Tenant PaysNone
Trash Expense4275.0
ViewCityLights
Water Sewer Expense4275.0
Year Built1914
Year Built SourceAssessor
ZoningLAR3

Exterior for 220 N Hoover Street

Building Area Total4150.0
Crops Included Y/NNo
FencingVinyl, Wood
Foundation DetailsRaised
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1158
Lot Size Area5044.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
Pool Charge0.0
Private PoolNo
SpaNo
Total Parking3.0
Water SourcePublic
WaterfrontY/NNo

Additional Details

Price History

Clayton Bond

Sales Associate
Price $2,499,000
MLS#PW24067859
List Date 04/22/2024
Property Type Multi-Family
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