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Listed by Ta Mara Jones • CALVARY REALTY INC
$950,000
Est. payment /mo
3,698 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,698 sqft
Price per Sqft $256
MLS Listing ID CRCV25281839
HOA Y/N No
Year Built 1955
Lot Size 6,764 Sqft
Property Sub-Type Quadruplex
Source Datashare California Regional
Property Description
Calvary Realty is pleased to present a Section 8–backed multifamily investment located at 7620 Hoover Street, Los Angeles, CA, within the Los Angeles–Long Beach–Anaheim MSA, the second-largest metropolitan area in the nation with a population of 12.9 million. The property is offered at $950,000, representing an existing cap rate of 5.38% and a price per square foot of $256.90, positioning it as an accessible entry point into a highly coveted Los Angeles submarket. Originally built in 1955 with updates in 1965, the asset sits on 0.16 acres and consists of a single two-story concrete building totaling 3,698 rentable square feet across four units. Current physical occupancy is 75%, with stable Section 8 income providing downs ide protection and the opportunity for rental upside through improved operations and lease-up. The property is strategically located near the intersection of S Hoover Street and W 77th Street, offering excellent accessibility just adjacent to Interstate 110, which carries a daily traffic count of approximately 14,011 vehicles. Its central location places it minutes from major demand drivers, including SoFi Stadium, Intuit Dome, LA Live, the Memorial Coliseum, BMO Stadium, 4 miles south of USC, and 10 miles east of LAX. With strong visibility, proximity to
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring Laminate
Fireplace No
Laundry Gas Dryer Hookup, Other
Building
Lot Description Corner Lot
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