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Owner-User or Redevelopment Opportunity 2313-2319 S Hoover St 6,933 SF 100% Leased Retail Building Los Angeles, CA 90007 $3,612,752 CAD ($521.10 CAD/SF)

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Investment Highlights

Retail Strip Center With 6 Units
1-Mile North of USC Campus
Ideal for Owner/User or Redevelopment

Heavy Traffic Signalized Corner Location
Current Actual $148,800 Gross Annual Income With 2 Vacancies

Executive Summary

Excellent opportunity to acquire an approximately 6,933-square-foot retail storefront property comprising six units at the signalized northwest corner of Hoover Street and 24th Street. Offering strong potential for an owner-user or redevelopment project, the property currently generates approximately $148,800 in actual gross annual income with two units vacant, providing immediate upside potential. The site benefits from heavy traffic, exceptional visibility, prominent signage opportunities along two street frontages, shared on-site parking, and abundant street parking. Ideally located just three blocks south of the Santa Monica Freeway, seven blocks west of the Harbor Freeway, and approximately one mile north of the USC campus, this well-positioned property offers outstanding access and exposure in a central Los Angeles location.

2319 S Hoover St OM

Financial Summary (Actual - 2025)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$206,761	$29.82
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$206,761	$29.82
Net Operating Income	-	-

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual	$206,761
Annual Per SF	$29.82

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$206,761
Annual Per SF	$29.82

Net Operating Income (CAD)
Annual	-
Annual Per SF	-

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Storefront

Building Size

6,933 SF

Building Class

Year Built

1968

Price

$3,612,752 CAD

Price Per SF

$521.10 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.72

Lot Size

0.22 AC

Zoning

C2-1VL-HPOZ-CPIO - Commercial

Frontage

118’ on Hoover St

Corner Lot
Freeway Visibility

Signage
Signalized Intersection

Tenant Controlled HVAC

Air Conditioning

Major Tenants

Cali Clouds
Retailer
-
-
Triple Net
-

Information
-
-
-
-

Metro by T-Mobile began in 1994 as General Wireless, Inc. and launched service in 2002 before adopting the MetroPCS name and later rebranding as Metro by T-Mobile in 2018. The company focuses on prepaid mobile service with no-contract plans, unlimited talk, text, and data options, and a lineup of phones, tablets, hotspots, and other connected devices. Metro supports account management through online and app-based tools and offers home internet among its plan categories, placing the brand across several consumer wireless verticals. Metro operates as a T-Mobile brand and serves customers nationwide through its wireless distribution and digital channels.

Pinero's Food Market
Retailer
-
-
-
-

Village Cobbler
Wholesaler
-
-
-
-

Tenant	Industry	SF Occupied	Rent/SF	Lease Type	Lease End
Cali Clouds	Retailer	-	-	Triple Net	-
	Information	-	-	-	-
Pinero's Food Market	Retailer	-	-	-	-
Village Cobbler	Wholesaler	-	-	-	-