Renovated Retail Storefront
2323 S Hoover St Los Angeles, CA 90007
2323 S Hoover St, Los Angeles, CA, 90007
Contact for pricing
For Sale
Contact for pricing
Renovated retail center with high ceilings and large display windows for flexible storefront uses.
Property Size6,933 SF
Price / SF$411.08
Days on Market100
Property Features for 2323 S Hoover St
General Information
- Standard status
- Active
- Size
- 6,933 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1968
Listing agency
Colliers - Los Angeles - Downtown, California
(213) 532-3284
Listed by
James Rodriguez · License #CA 01164377
Source
Crexi
Added: Apr 13 Updated: Jul 21 at 3:47AM Checked: Jul 21 at 3:47AM
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 Colliers - Los Angeles - Downtown, California
Investment Insights
Based on property information with market context.
2323 S. Hoover St presents a retail storefront center that was recently renovated with a focus on building systems and presentation. Improvements include a new roof, storefront updates, plumbing and electrical work, and upgraded HVAC. Interior features include high ceilings and large display windows designed to support retail, service, and food-oriented uses.
The property is situated along the Hoover Street corridor in Los Angeles, just blocks from the University of Southern California. It also benefits from proximity to Exposition Park and the Los Angeles Memorial Coliseum.
The offering includes the opportunity for an investor or owner-user to realize income from adjacent units, with owner-users able to occupy a portion of the building; SBA financing is referenced in the seller’s remarks.
The property is situated along the Hoover Street corridor in Los Angeles, just blocks from the University of Southern California. It also benefits from proximity to Exposition Park and the Los Angeles Memorial Coliseum.
The offering includes the opportunity for an investor or owner-user to realize income from adjacent units, with owner-users able to occupy a portion of the building; SBA financing is referenced in the seller’s remarks.
Key Highlights
- 2323 S. Hoover St, Los Angeles retail center built in 1968
- Recently renovated with $500,000 in improvements, including new roof, storefront, plumbing, electrical, and upgraded HVAC
- High ceilings and large display windows designed for retail, service, and food‑oriented uses
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $256.2k | $36.96 |
| − Vacancy | −$26.4k | −$3.81 |
| EGI | $229.9k | $33.15 |
| − OpEx | −$69.0k | −$9.95 |
| NOI | $160.9k | $23.21 |
6,933 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.30M
$2.01M – $2.68M
NOI $160,895 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$140.46M
$122.90M – $163.87M
NOI $9,832,089 @ 7.0% cap · market cap 344.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Amazon Hub Counter ...
Courier Service
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FAQs
What type of property is this?
Shopping center - Renovated retail center with high ceilings and large display windows for flexible storefront uses.
Where is this shopping center located?
The property is located at 2323 S Hoover St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 2323 S. Hoover St, Los Angeles retail center built in 1968; Recently renovated with $500,000 in improvements, including new roof, storefront, plumbing, electrical, and upgraded HVAC; High ceilings and large display windows designed for retail, service, and food‑oriented uses
