1542 N Hoover Street

Buy new and enjoy the benefits of this freshly constructed and 100% LEASED triplex at premium market rental rates. Take advantage of no rent control restrictions, individually-metered utilities, brand new systems, minimal maintenance inside and out, various included warranties, and so much more.Welcome to Los Feliz's most recent new construction development, a remarkable and uniquely luxurious property offering an exceptional opportunity for investors, ideally situated just a few blocks from Los Feliz' and Silver Lake's restaurant & retail offerings, allowing residents to experience the best of both vibrant communities. This multi-family gem consists of 2 luxurious townhomes and 1 spectacular upper flat, each boasting meticulous contemporary design by a national award-winning architect, including custom improvements typically only found in custom homes which drove the market setting rental rates.The three unit project is comprised of two nearly identical townhomes (a 4BR/4BA and a 3BR/3.5 BA with a dedicated office) and a 2BR/2BA upper flat each providing ample space for comfortable living. Upon entering these stunning units, you'll be greeted by a sense of style and sophistication. The interior spaces have been thoughtfully designed to create a welcoming atmosphere and maximize both natural light and the unobstructed views from all three units' second story windows and balconies. All three units feature ample private and usable outdoor space. The townhomes each feature private back and side yards, while the upper flat has a dedicated roof deck. Parking for each townhome is located in a private tandem garage, while the upper flat has a dedicated covered surface space.The attention to detail is evident throughout the property, with high-end finishes, top-of-the-line Bosch appliances in the kitchens, and custom improvements. These modern amenities not only enhance the functionality of the space but also add a touch of luxe to everyday living.One of the standout features of the upper flat is its massive private rooftop deck with an easily retractable shade canopy, serving as the perfect spot for shaded daytime entertaining, or enjoying a quiet evening under the stars. The deck offers breathtaking and unobstructed views of the surrounding neighborhood, downtown Los Angeles, the Hollywood Sign, and the Griffith Park Observatory.Location is key, and this property truly shines in that regard. Situated in trendy Los Feliz, the Gateway to Los Angeles' burgeoning East Side, the property is adjacent to Silver Lake, and in close proximity to Eagle Rock, and The Parks communities (Echo, Glassell, and Highland) providing residents with easy access to an array of shops, restaurants, cafes, and entertainment options. Immerse yourself in the exciting local culture or take advantage of the nearby outdoor spaces such as Griffith Park and Barnsdall Park.An attractive price per SqFt, Cap Rate, GRM and ACTUAL rents solidify this rare opportunity as a sound investment.