Property profile

5329 Hoover St Los Angeles, CA 90037

OFF-MARKET
Auto shops
Property ID
US09-7228704
792 SF 0.1 ac lot Built 1970
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 792 square foot auto shop, located at 5329 S Hoover St, Los Angeles, CA 90037, presents a lucrative investment opportunity. The property boasts a strong 6.55% cap rate and is priced at $585,000 ($738.64/sq ft). Built in 1970, this NNN-leased retail space sits on a sizable 4,560 square foot corner lot, offering significant development potential. Currently operating as a multi-unit auto shop with 32 units, the property is zoned C2-1VL-CPIO, allowing for expansion. The location is highly desirable, within minutes of USC, the Lucas Museum, and BMO Stadium. This property offers a covered land play with the potential for 11 units by right and an additional 21 units with the Transit Occupancy Density (TOC) bonus. The property's strong cash flow, prime location, and development upside make it an ideal investment for owner-users or those seeking SBA financing. The Assessor's Parcel Number (APN) is 5001-006-031. This is a rare opportunity to acquire a high-performing asset in a rapidly growing area of Los Angeles.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1970
Construction TILT-UP CONCRETE
Total area 792 SF
Lot 0.1 ac (4,560 SF)
Zoning code LAC2
APN 5001-006-031
UPID US09-7228704

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5329 Hoover St Los Angeles, CA 90037
Los Angeles metro Census 232701 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2025
4 recorded transactions
2025
Price N/A
2025
Price N/A
2025
$510,000
2012
Price N/A

Zoning & alternative use

LAC2 · Los Angeles, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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