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517 Hoover Street
Los Angeles, CA 90004
Sold
THE MARKET HAS MET THIE PRICE FOR THESE 2 LOT PRIME DEVELOPMENT SITES: R3 TIER 3 TWO LOTS 15k SF! TWO LOTS, THIS IS ONE OF THEM, BOTH R3 DEVELOPMENT SITES!! DO NOT DISTURB OCCUPANTS! The HOOVER DEVELOPMENT SITE is a Remarkable Opportunity for 2 SIDE BY SIDE LOTS, approximately 15,000 Sq.Ft. Total for Both Lots (must be sold concurrently). Zoned LAR3, TOC TIER 3. Both Lots are: 511 N. Hoover (APN 5539-028-014) and 517 N. Hoover (APN 5539-028-013). Currently 2 Craftsman Homes, both Owner Occupied. Nothing under Rent Control! Located in the Los Angeles City Transit Oriented Communities Affordable Housing Incentive Guidelines (TOC Guidelines) in a TIER 3 Area! Our Hypothetical Analysis assumes a Developer might be able to Entitle the Development for possibly 33 to hopefully 40 Residential Units, subject to City approval. Located close to a Wide Variety of Dining & Hot Spots, as well as Private and Public Schools. Priced to Sell NOW at UNDER $300 Per Square Foot!
PROPERTY INFORMATION
| MLS # | 19442388 | Lot Size | 7,499 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 2,175,000
Price Per SqFt: $ 1,990 |
DOM | 2299 Days |
| Address | 517 Hoover Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 1,093 Sq. Ft. |
| Postal Code | 90004 | Garage | N/A |
| County | Los Angeles | Year Built | 1910 |
| Bed / Bath | 2 / 0 | Parking | 1 |
| Built In | 1910 | Status | Closed |
| Sold Date | 2023-12-14 |
INTERIOR FEATURES
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,320
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 12/14/2023 | Sold | $1,817,500 |
| 10/29/2019 | Pending | $2,175,000 |
| 03/09/2019 | Listed | $2,175,000 |
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Listing provided courtesy of Bruce Jay, Bruce Jay Associates. 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.
