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… Read More 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 major employment and entertainment hubs, and long-term housing demand fundamentals, this
offering represents a compelling opportunity to acquire a stabilized income-producing asset with upside potential in one of the most
resilient rental markets in the country. Read Less
Property listed by CALVARY REALTY INC, Ta Mara Jones 760-534-8135
Listing Snapshot
Days Online
1
Last Updated
Property Type
Quadruplex
Lot Size
0.16 Acres
Year Built
1955
MLS Number
CV25281839
Additional Details
Appliances & Equipment
GasOven
Building
Built in 1955, 1 building, 2 stories, Entry level: 1, Entry location: Gate
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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