$1,720,000
543 Hoover Street, Los Angeles 90004
10
Beds
8
Baths
4,736
Square feet
7,499
Lot Size
8
# Of Units
Listing Agent
Sean Rosenzweig - Marcus & MillichapDO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. We are pleased to present 543-545 North Hoover Street, an eight-unit apartment community located just minutes from the vibrant Sunset Junction neighborhood. Nestled in one of Los Angeles' most walkable neighborhoods, this area has experienced a surge in popularity and rental demand, driven by an array of artisanal coffee shops, cafes, local retailers and bars. Constructed in 1958 and 1962, the property features both one and two-bedroom units, with eight on-site parking spaces. Currently, tenants are paying below-market rents compared to similar properties in the area. By renovating the units and aligning rents with market rates, a savvy investor could realize an impressive 83% rental upside, unlocking significant long-term appreciation potential. 543-545 North Hoover Street offers substantial potential rental upside and appreciation in a thriving neighborhood.
Facts & Features
| MLS® # | 24460735 |
|---|---|
| Price | $1,720,000 |
| Bedrooms | 10 |
| Bathrooms | 8.00 |
| Square Footage | 4,736 |
| Lot Size | 7,499 |
| Year Built | 1958 |
| Type | Residential Income |
| Status | Active |
| # Of Units | 8 |
Community Information
| Address | 543 Hoover Street |
|---|---|
| Area | C21 - Silver Lake - Echo Park |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90004 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Parking | None |
| Garages | None |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Additional Information
| Date Listed | November 6th, 2024 |
|---|---|
| Days on Market | 27 |
| Zoning | LAR3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Sean Rosenzweig |
|---|---|
| Office | Marcus & Millichap |