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171 S Hoover St
Los Angeles, CA 90004
Multifamily Property For Sale
·
6 Units
Executive Summary
171 S Hoover St is a FULLY LEASED, ultra-premium 2025 built 6-unit located in ultra trendy Silver Lake Adj., just 5 minutes from countless shops and restaurants and conveniences on Sunset Blvd.
This prime 6-unit will be delivered fully leased at a real 5.81% cap rate: a dream come true for 1031 exchange buyers! 171 S Hoover St is made up of three large 4-bedroom, two 2-bedroom, and one 3-bedroom tri-level townhome style unit! The property boasts 10 parking spots, all conveniently organized in carports (highly desirable by tenants) plus two bonus spots accessed by the front driveway. The excellent location, paired with the upscale modern units will make for quick, easy rentals time and time again!
These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to designer tiles, all kitchen appliances included, large waterfall islands, modern glossy cabinets, high ceilings, huge closets, countless windows everywhere you look allowing for maximum light, natural wood waterproof vinyl, and more! In addition to the high return, buyers will enjoy other perks including tons of parking, tastefully designed drought tolerant landscaping, a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas and electric and water (tenants pay all utilities), and extreme desirability amongst renters for years to come. This one-of-a-kind opportunity will not last long!
This prime 6-unit will be delivered fully leased at a real 5.81% cap rate: a dream come true for 1031 exchange buyers! 171 S Hoover St is made up of three large 4-bedroom, two 2-bedroom, and one 3-bedroom tri-level townhome style unit! The property boasts 10 parking spots, all conveniently organized in carports (highly desirable by tenants) plus two bonus spots accessed by the front driveway. The excellent location, paired with the upscale modern units will make for quick, easy rentals time and time again!
These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to designer tiles, all kitchen appliances included, large waterfall islands, modern glossy cabinets, high ceilings, huge closets, countless windows everywhere you look allowing for maximum light, natural wood waterproof vinyl, and more! In addition to the high return, buyers will enjoy other perks including tons of parking, tastefully designed drought tolerant landscaping, a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas and electric and water (tenants pay all utilities), and extreme desirability amongst renters for years to come. This one-of-a-kind opportunity will not last long!
Property Facts
| Price Per Unit | $768,402 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.81% | Lot Size | 0.17 AC |
| Sale Condition | Build to Suit | Building Size | 6,170 SF |
| Gross Rent Multiplier | 13.3 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 0.97/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling | ||
| Price Per Unit | $768,402 CAD |
| Sale Type | Investment |
| Cap Rate | 5.81% |
| Sale Condition | Build to Suit |
| Gross Rent Multiplier | 13.3 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 6,170 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 0.97/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Washer/Dryer
- Hardwood Floors
- Views
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 2 | $4,067 CAD | 950 |
| 3+2.5 | 1 | $5,023 CAD | 1,247 |
| 4+3 | 1 | $5,432 CAD | 1,347 |
| 4+2.5 | 2 | $5,154 CAD | 1,247 |
Property Taxes
| Parcel Number | 5501-018-016 | Improvements Assessment | $445,550 CAD |
| Land Assessment | $1,232,688 CAD | Total Assessment | $1,678,238 CAD |
Property Taxes
Parcel Number
5501-018-016
Land Assessment
$1,232,688 CAD
Improvements Assessment
$445,550 CAD
Total Assessment
$1,678,238 CAD
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