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Koreatown Mixed-Use Value-Add & Dev Opport 830 S Hoover St 5,022 SF 100% Leased Retail Building Los Angeles, CA 90005 $3,761,560 CAD ($749.02 CAD/SF)
Investment Highlights
- Opportunity Zone
- Through Lot with Dual Street Access
- C2 Zoning TOC Tier 3
- Mixed-Use Investment: 4-Unit Residential Apartment (Rear) with Front Commercial Units
Executive Summary
Prime Mixed-Use Development & Value-Add Opportunity | Through Lot | TOC Tier 3 | Opportunity Zone
Strategically located near Koreatown and Downtown Los Angeles, this rare mixed-use asset offers immediate income with significant long-term development upside.
The property consists of a front commercial building and a rear 4-unit residential structure. All residential units are fully occupied, providing stable in-place cash flow, while the commercial portion includes two vacant second-floor units, allowing for immediate lease-up or repositioning.
The site benefits from a rare through lot configuration with dual street access from both Hoover Street and S Coronado Street—ideal for future redevelopment efficiency and design flexibility.
Surrounded by active development, including a newly constructed apartment building next door, the property sits in a rapidly transforming urban corridor. The adjacent parcel at 840 S Hoover Street is also available for purchase, creating a unique assemblage opportunity for a larger-scale development footprint.
Zoned LAC2 and eligible for TOC Tier 3 incentives (buyer to verify), the property offers significant density upside and entitlement flexibility.
Additionally, the property is located within a designated Opportunity Zone (buyer to verify), providing potential tax advantages for qualified investors.
This is a rare opportunity for investors and developers seeking income stability today with strong repositioning and redevelopment potential for tomorrow.
Strategically located near Koreatown and Downtown Los Angeles, this rare mixed-use asset offers immediate income with significant long-term development upside.
The property consists of a front commercial building and a rear 4-unit residential structure. All residential units are fully occupied, providing stable in-place cash flow, while the commercial portion includes two vacant second-floor units, allowing for immediate lease-up or repositioning.
The site benefits from a rare through lot configuration with dual street access from both Hoover Street and S Coronado Street—ideal for future redevelopment efficiency and design flexibility.
Surrounded by active development, including a newly constructed apartment building next door, the property sits in a rapidly transforming urban corridor. The adjacent parcel at 840 S Hoover Street is also available for purchase, creating a unique assemblage opportunity for a larger-scale development footprint.
Zoned LAC2 and eligible for TOC Tier 3 incentives (buyer to verify), the property offers significant density upside and entitlement flexibility.
Additionally, the property is located within a designated Opportunity Zone (buyer to verify), providing potential tax advantages for qualified investors.
This is a rare opportunity for investors and developers seeking income stability today with strong repositioning and redevelopment potential for tomorrow.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,022 SF
Building Class
C
Year Built
1966
Price
$3,761,560 CAD
Price Per SF
$749.02 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.44
Lot Size
0.26 AC
Opportunity Zone
Yes
Zoning
C2 - C-2 Zone, Neighborhood Commercial
Parking
4 Spaces (0.8 Spaces per 1,000 SF Leased)
Frontage
55’ on Hoover St
Amenities
- Bus Line
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,036,474 CAD | |
| Land Assessment | $2,948,151 CAD | Total Assessment | $3,984,625 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$2,948,151 CAD
Improvements Assessment
$1,036,474 CAD
Total Assessment
$3,984,625 CAD
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Koreatown Mixed-Use Value-Add & Dev Opport | 830 S Hoover St
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