Fully Remodeled 9-Unit
For Sale
Contact for pricing
5842 S Hoover St, Los Angeles, CA 90044
Turnkey nine-unit property with remodeled interiors and a newly constructed ADU, delivered fully leased.
Property SizeContact for details
Days on Market121
Property Features for 5842 S Hoover St
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
100%
Financials
Cap Rate
5.26%
Business Included
Yes
Additional Details
Multifamily Units
9
Building Details
Tenancy
Multi
Listing Agency:
Tiao Properties
Listed By:
Will Tiao · License #CA 01918965
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 20 at 6:20PM
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 Tiao Properties
Investment Insights
Based on property information with market context.
This fully remodeled, turnkey multifamily property consists of nine units, including one newly constructed ADU. The unit mix features six 2BR units, two 3BR units, and one 1BR stand-alone unit. All units have been updated with new floors, new appliances, and in-unit washer/dryer. The property is presented as delivered fully leased at market rents.
Public remarks note the property is not subject to LA city rent control, with eligibility tied to AB 1482 (buyer to confirm). The property also includes parking for residents, with remarks indicating space for future development.
Located at 5842 S Hoover St in Los Angeles, the offering is described as being adjacent to USC (approximately 10 minutes) and within about 15 minutes of SoFi Stadium and Exposition Park. Easy access is described via the 10 and 110 Freeways, as well as the Silver Line and a coming-soon Metro Crenshaw/LAX line. SF based/estimated details are noted as buyer to verify, and information is deemed reliable but not guaranteed.
Public remarks note the property is not subject to LA city rent control, with eligibility tied to AB 1482 (buyer to confirm). The property also includes parking for residents, with remarks indicating space for future development.
Located at 5842 S Hoover St in Los Angeles, the offering is described as being adjacent to USC (approximately 10 minutes) and within about 15 minutes of SoFi Stadium and Exposition Park. Easy access is described via the 10 and 110 Freeways, as well as the Silver Line and a coming-soon Metro Crenshaw/LAX line. SF based/estimated details are noted as buyer to verify, and information is deemed reliable but not guaranteed.
Key Highlights
- Fully remodeled 9‑unit property with one newly constructed ADU, delivered fully leased at market rents
- Unit mix: six 2BR units, two 3BR units, and one 1BR newly constructed stand‑alone unit
- Remodeled interiors with new floors, appliances, and in‑unit washer/dryer in all units
Property Analytics
Current Use
Lease Details
9
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,334
Businesses Nearby
Explore this area
Business Placement
Demographics for 90044, CA
94,354
Population
28,770
Households
3.3
Avg Household Size
33
Median Age
11%
College-Educated
64%
High-School Grad
5.1 sq mi
ZIP Area
18,501
Density / Sq Mi
$51,433
Median Household Income
$32,426
Median Earnings
$1,427
Median Rent
$588,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey nine-unit property with remodeled interiors and a newly constructed ADU, delivered fully leased.
Where is this apartment building located?
The property is located at 5842 S Hoover St Los Angeles, CA.
What are key features of this property?
This property features: Fully remodeled 9‑unit property with one newly constructed ADU, delivered fully leased at market rents; Unit mix: six 2BR units, two 3BR units, and one 1BR newly constructed stand‑alone unit; Remodeled interiors with new floors, appliances, and in‑unit washer/dryer in all units
