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Duplex with Separate ADU
New
For Sale
$1,649,000

1247 N Hoover St, Los Angeles, CA 90029

Two furnished-in-description residences are tenant-occupied, with leases running through January 2027.

Property Size1,517 SF
Price / SF$1,087
Days on Market3

Property Features for 1247 N Hoover St

General Information

Standard status Active
Size 1,517 SF
Property subtype MULTI_FAMILY
Occupancy 100%

Units

Unit Mix 1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units 2

Additional Details

Gross Income $108,000

Building Details

Building Size 1,517 SF
Year Built 1905
Tenancy Multi
Listing Agency: Nourmand & Associates-HW
Listed By: Levi Freeman · License #01926993
Source: Carolinakramer
Added: Sep 29 Changed: Oct 1 Last Checked: Oct 1 at 12:34PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nourmand & Associates-HW

Investment Insights

Based on property information with market context.

This two-residence property pairs a 3-bedroom, 2-bath main house with a separate 1-bedroom, 1-bath ADU. The main home has hardwood and tile flooring, a front porch, and a second porch opening to a redwood deck and backyard. Improvements include a foundation brace-and-bolt retrofit, updated electrical, copper plumbing, central HVAC, and a tankless water heater. The ADU has its own HVAC, washer and dryer, and dishwasher. The property was built in 1905.

Both residences are leased through January 2027. The property is in Silver Lake, near restaurants, cafes, boutiques, and vintage shops, as well as Intelligentsia, Tartine, Erewhon, Kismet, and Sweetgreen. It is tenant-occupied, and interior tours are arranged for qualified buyers after receipt of an offer.

Key Highlights

  • Main house includes 3 bedrooms and 2 bathrooms
  • Separate ADU has 1 bedroom and 1 bathroom
  • Both current leases extend through January 2027

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Travel Agency Butcher Veterinary Clinic (Bike/Boat/Book/etc) Store Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

4,372
Businesses Nearby

Demographics for 90029, CA

34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two furnished-in-description residences are tenant-occupied, with leases running through January 2027.
Where is this duplex located?
The property is located at 1247 N Hoover St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: Main house includes 3 bedrooms and 2 bathrooms; Separate ADU has 1 bedroom and 1 bathroom; Both current leases extend through January 2027
More about this property
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