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    7427 S Hoover St Los Angeles, CA 90044

    For Sale
    $859,000

    Income-producing 4-unit property in a transforming Los Angeles area.

    Lot size:
    0.13 Acres

    Property Features for 7427 S Hoover St

    General Information

    Lot size
    0.13 Acres

    Building Details

    Year built
    1940

    Source: Keller Williams Palos Verdes Agent Sandra Guevara

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Occupied Investment Property

    This is a fully occupied, income-producing 4-unit property situated on a corner lot in a rapidly transforming area of Los Angeles. Each unit includes 1 bedroom and 1 bathroom, complemented by a dedicated 1-car garage and washer and dryer hookups. The landlord is currently responsible for covering the water utility. The property is positioned to generate high rental income based on current payment standards, offering a strong return on investment. Its location is in a booming development area of Los Angeles, providing convenient access to major attractions such as LA Live, SoFi Stadium, the new Intuit Dome, The Kia Forum, BMO Stadium, USC, and Downtown Los Angeles. This property is suitable for investors seeking steady, passive income and consistent cash flow.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.28725
    Latitude
    33.97189

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    FAQs

    What type of property is this?
    Quadplex - Income-producing 4-unit property in a transforming Los Angeles area.
    Where is this quadplex located?
    The property is located at 7427 S Hoover St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $859,000.
    What are key features of this property?
    This property features: - Fully occupied 4-unit property generating immediate income.; - Each unit includes a dedicated 1-car garage and washer/dryer hookups.; - High rental income potential based on current payment standards.
    (310) 963-3782
    Request Owner's contact information
    7427 S Hoover St Los Angeles, CA 90044
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    Los Angeles, CA 90044
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7427 S Hoover St Los Angeles, CA 90044
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