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220 Hoover Street
Los Angeles, CA 90004
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.
PROPERTY INFORMATION
| MLS # | PW24067859 | Lot Size | 5,044 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 2,499,000
Price Per SqFt: $ 602 |
DOM | 430 Days |
| Address | 220 Hoover Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 4,150 Sq. Ft. |
| Postal Code | 90004 | Garage | 3 |
| County | Los Angeles | Year Built | 1914 |
| Bed / Bath | 15 / 0 | Parking | 3 |
| Built In | 1914 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Inside |
| Has Fireplace | Yes |
| Fireplace Information | Kitchen |
| Has Heating | Yes |
| Heating Information | Ductless |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
| Flooring Information | Laminate, Tile |
| EntryLocation | 1 |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
| SecuritySafety | Carbon Monoxide Detector(s), Smoke Detector(s) |
EXTERIOR FEATURES
| FoundationDetails | Raised |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Vinyl, Wood |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,666
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 04/22/2024 | Listed | $2,499,000 |
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Listing provided courtesy of Elizabeth Ramirez, Bricxone Realty, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
