$ 2,499,000
220 North Hoover Street Los Angeles, CA 90004
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Listed by Elizabeth Ramirez • Bricxone Realty, Inc.
$ 2,499,000
Est. payment /mo
New
220 North Hoover Street Los Angeles, CA 90004
4,150 SqFt
UPDATED:
11/11/2024 04:19 AM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,150 sqft
Price per Sqft $602
MLS Listing ID PW-24067859
Style Modern
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 nearby parks and entertainment options, this dynamic neighborhood offers endless opportunities for leisure and exploration.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Ductless
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile
Fireplaces Type Kitchen
Laundry Inside
Exterior
Garage Gated
Garage Spaces 3.0
Pool None
Community Features Curbs, Street Lights
View Y/N Yes
View City Lights
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer