Yvette Watson - Coldwell Banker Commercial Real Estate Solutions Logo
New Listing
$2,300,000
 $12,347 est/mo Sourced by Back At You

4504 S Hoover Street,Los Angeles, CA 90037

Los Angeles, CA 90037

Share:

PreviousNext

Description

Rare 9-unit value-add opportunity on the southeast corner of Hoover and W 45th, minutes from USC, Exposition Park, and the 110. Three buildings on one corner lot: two 2-story Spanish-style fourplexes plus a detached rear home, in all 8 one-bedroom units and 1 two-bedroom, 100% occupied. Approximately $107,300 in documented capital improvements since 2022, including new cool roofs on both fourplex buildings (2026), two full unit renovations, upgraded kitchens and baths, flooring, paint, water heaters, and electrical and plumbing repairs throughout. Four units are Section 8 with reliable HACLA-paid rents. Significant rental upside: most one-bedrooms rent well below the current HACLA payment standard of $1,793. Strong current cash flow with a clear path to a 6%+ cap rate at market rents. Additional income potential from an on-site laundry room with owner-owned machines. Units separately metered for gas and electricity. A clean, well-documented asset with detailed financials and improvement history available. Seller will cooperate with buyer's 1031 exchange.

Details

MLS #26986497
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1908
Days On Site6
Listing Provided ByEric Hecht | Eric Hecht

Features

Bed(s)10
Bath(s)9
SQ Feet6,342
Story(s)2
Units9
Building(s)3
ZoningLAC2
Acreage0.15

Interior

Interior FeaturesCeiling Fans
Window FeaturesBlinds, Drapes, French Mullioned, Screens
AppliancesGas Range, Refrigerator, Vented Exhaust Fan
Fireplace Yes / NoNo

Exterior

RoofBitumen, Composition, Shingle
Construction MaterialsStucco

Parking

Parking FeaturesDriveway, On Street

Utilities

SewerSewer Tap Paid

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90037
AreaC42 Downtown L.A.
Listing VS Median (in 90037)
Price:
$2,300,000
low | high
Med:
$1,394,500
89.369565217391% of Average
sqft:
6,342
low | high
Med:
3,725
91.272469252602% of Average
$ / sqft:
$363
low | high
Med:
$382
44.534229394577% of Average
On site:
6
low | high
Med:
75
8% of Average
Sourced by Back At You

Market Activity 90037

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Coldwell Banker Home Source at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

Contact

Learn More About This Property

Yvette Watson

Yvette Watson

Coldwell Banker Home Source

02046244 (909) 489-6340yvette.watson@cbhomesource.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90037
AreaC42 Downtown L.A.
Listing VS Median (in 90037)
Price:
$2,300,000
low | high
Med:
$1,394,500
89.369565217391% of Average
sqft:
6,342
low | high
Med:
3,725
91.272469252602% of Average
$ / sqft:
$363
low | high
Med:
$382
44.534229394577% of Average
On site:
6
low | high
Med:
75
8% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.725M - $2.875M
sqft: 4,500 - 7,500
Nearby Listings Property ImageNearby Listings Details
816 W 47th Street Property Photo 1
$2,079,000
816 W 47th Street
Los Angeles, CA 90037
Listing Updated: September 14, 2026 at 8:35:25 AM PDT

Yvette Watson - Coldwell Banker Commercial Real Estate Solutions