4504 S Hoover St, Los Angeles, CA 90037
4504 S Hoover St, Los Angeles, CA 90037
4504 S Hoover St, Los Angeles, CA 90037
20
See all 20 photos
$2,300,000
Est. payment /mo
Save
10 Beds
9 Baths
6,342 SqFt
New

4504 S Hoover St Los Angeles, CA 90037

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
John Fiore

John Fiore

+1(702) 290-9053

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,342 sqft

Price per Sqft $362

MLS Listing ID 26986497

Style Spanish

Bedrooms 10

Construction Status Updated/Remodeled

Year Built 1908

Lot Size 6,540 Sqft

Acres 0.1501

Property Sub-Type Multi-Family

Property 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.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAC2

Rooms

Other Rooms None

Dining Room 0

Kitchen Quartz Counters, Remodeled, Counter Top

Interior

Heating Wall Gas

Cooling Ceiling Fan, Window Unit(s)

Flooring Tile, Wood Laminate

Fireplaces Type None

Equipment Ceiling Fan, Range/Oven, Refrigerator, Vented Exhaust Fan

Laundry Community, Laundry Area

Exterior

Parking Features Driveway, On street

Garage Spaces 2.0

Pool None

Roof Type Bitumen, Composition, Flat, Shingle

Handicap Access None

Building

Story 2

Sewer In Connected and Paid

Water Meter on Property, Public

Architectural Style Spanish

Level or Stories Multi/Split, Two

Structure Type Stucco

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Eric Hecht

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

John Fiore

John Fiore

Realtor® RE.S.0190225

+1(702) 290-9053

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from John Fiore, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

4504 S Hoover St