719 S Hoover St
Los Angeles, CA 90005
Multifamily Property For Sale · 38 Units

Introducing a newly constructed multifamily investment opportunity at 719 S Hoover Street in Los Angeles’ Westlake neighborhood. This high-visibility property consists of 43 condo-quality units and one ground-floor retail suite, delivering modern design and substantial investment appeal. Offered below replacement cost and positioned within an Opportunity Zone, the asset qualifies for significant tax incentives to enhance long-term returns.
Each spacious apartment features in-unit washers and dryers, light wood vinyl plank flooring, and elegant finishes, including Italian cabinetry and quartz countertops. Residents benefit from contemporary amenities and efficient systems, such as separately metered utilities and tankless water heaters, which reduce operating expenses.
Centrally located between Downtown Los Angeles and Koreatown, the property enjoys access to major employment hubs and cultural attractions. The Westlake submarket continues to show robust fundamentals, with 95%+ occupancy and projected rent growth of more than 12% over the next five years. With a stabilized cap rate nearing 7% and attractive condominium sellout potential, 719 S Hoover represents an exceptional opportunity for investors focused on cash flow, depreciation benefits, and capital appreciation.