Building Details

Year Built 2024

Units 6

Listing Agency: Myunits.com e***@myunits.com Show Phone

Listed By: Elizabeth Maddox · License #CA 01921425

Source: Crexi

Added: Jan 21 Changed: Aug 8 Last Checked: Jul 31 at 1:19PM

Report an Issue

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 Myunits.com

Investment Insights

Based on property information with market context.

Key Highlights

• Fully leased 6‑unit building built in 2024, providing immediate rental income.
• Real 5.81% cap rate, ideal for 1031 exchange buyers.
• Located in a highly desirable area near Sunset Blvd shops and restaurants.

Property Analytics

Property Profile

Current Use

1031 exchange properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Catering Service Carpet & Flooring Store Furniture & Home Goods Pet Store & Service

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

Location Intelligence

Trade Area within ½ mile

6,766

Businesses Nearby

Explore this area Business Placement

Demographics for 90004, CA

58,585

Population

26,046

Households

2.2

Avg Household Size

37

Median Age

40%

College-Educated

78%

High-School Grad

3.1 sq mi

ZIP Area

18,898

Density / Sq Mi

$62,655

Median Household Income

$39,359

Median Earnings

$1,752

Median Rent

$1,457,200

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Flex Space With Live-Work Area

5388 5396 Alhambra, Los Angeles, CA 90032

$1,416,960

5,248 SF

View details

Vacant Flex Space with Showroom

3408 Trinity, Los Angeles, CA 90011

$1,650,000

4,710 SF

View details

Occupied Streetfront Retail Strip

15143 Ventura Boulevard, Los Angeles, CA 91403

$5,395,000

7,500 SF

View details

Freestanding Historic Office Building

5625 Melrose Avenue, Los Angeles, CA 90038

$5,600,000

14,760 SF

View details

Corner and In-Line Retail Portfolio

Los Angeles, CA 90022

$2,595,000

16,430 SF

View details

Freestanding Storefront Building

3651 Beverly Blvd, Los Angeles, CA 90004

$1,200,000

4,434 SF

View details

Mixed-Use Building with Office Space

220 N Oxford Ave, Los Angeles, CA 90004

$1,300,000

2,717 SF

View details

Hollywood Storefront Property

6670 Hollywood Boulevard, Los Angeles, CA 90028

$2,699,000

6,885 SF

View details

Fashion District Investment Opportunity

1212 S San Pedro St, Los Angeles, CA 90015

$2,600,000

10,600 SF

View details

Prime Automotive Land in Los Angeles

125 E Florence Ave, Los Angeles, CA 90003

$3,990,000

8,688 SF

View details

Retail Warehouse Showroom Opportunity

963 965 S Western Ave, Los Angeles, CA 90016

$6,950,000

7,950 SF

View details

Two-Story Office Building with Parking

5723 Whittier, Los Angeles, CA 90022

$1,749,000

6,888 SF

View details

Frequently Asked Questions

Where is this apartment building located?

The property is located at 171 S Hoover St Los Angeles, CA.

What is the asking price?

The asking price for this property is $3,395,000.

What are key features of this property?

This property features: Fully leased 6‑unit building built in 2024, providing immediate rental income.; Real 5.81% cap rate, ideal for 1031 exchange buyers.; Located in a highly desirable area near Sunset Blvd shops and restaurants.