220 N Hoover ST Active

Los Angeles,CA 90004

$ 2499000

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW24067859

Style Contemporary

Originating Board California Regional MLS

Year Built 1914

Lot Size 5,044 Sqft

Property Description

Nestled within the vibrant hills of Echo Park, this distinctive 6-unit building presents an enticing opportunity for both homeowners and investors, boasting captivating vistas of the Downtown Skyline. With a total of 15 bedrooms, 11 bathrooms, and 4150 sq ft of living space, this expansive property is a rare gem, offering a desirable cap rate exceeding 5%. The unit breakdown includes two units featuring 2 bedrooms and 1 bath each, two additional units offering 2 bedrooms and 2 baths each, one unit comprising 3 bedrooms and 2 baths, and a back house unit providing 4 bedrooms and 3 baths. Each unit showcases generous kitchens with an inviting open layout. Recently renovated, the property boasts new flooring, kitchens, bathrooms, fixtures, recessed lighting, appliances, and fresh paint throughout, ensuring modern comfort and style. With separate electrical meters for each unit and parking available for some, this investment promises ample cash flow. Ideally located just minutes away from Downtown Los Angeles, Silver Lake, and Koreatown, residents enjoy easy access to a plethora of amenities and attractions, including Dodger Stadium and the scenic trails of Elysian Park. Enhancing convenience, the complex is gated, while ample parking is provided at the rear of the property. With nea

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Interior

Cooling Window / Wall Unit

Flooring Laminate

Laundry Other

Exterior

Garage Spaces 3.0

Pool 31,None

View City Lights

Building

Foundation Raised

Water District - Public

Architectural Style Contemporary

Others

Tax ID 5156003022

Special Listing Condition Not Applicable

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