220 N Hoover Street
Los Angeles, CA, 90004 $ 2,499,000
Bedrooms15 Baths10.0 Sq 4,150 Monthly Estimate*
$ 17,456
Listed by Bricxone Realty, Inc.
for $2,499,000 with 15 bedrooms and 10 full baths. This 4,150 square foot home was built in 1914 on a lot size of 0.1158.
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.
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FeaturesGeneralSewer PublicSewer
Heating Ductless
Cooling WallWindowUnits
Zoning LAR3
HOA 0.0
Garage Spaces 3.0
Architectural Style Modern
Pool Features None
Security Features CarbonMonoxideDetectors SmokeDetectors
Year Built 1914
Tenant Pays None
View CityLights
Stories 2
Levels Two
Property SubType Apartment
Gross Income 0.0
Community Features Curbs StreetLights
County Los Angeles
Net Operating Income 259237.0
Operating Expense 25163.0
Insurance Expense 4368.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions Property is off of Temple and Council
City Los Angeles
Entry Location 1
View Y/N Y
Senior Community Y/N N
Total Units 6
MLS Area C21 - Silver Lake - Echo Park
Lot Size Square Feet 5044.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Hoover
Listing Terms Cash Conventional Item1031Exchange Submit
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 8550.0
Home Warranty Y/N N
Fuel Expense 1200.0
Trash Expense 4275.0
Water Sewer Expense 4275.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 0
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 19
Property Sub Type Additional Apartment
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InteriorFlooring Laminate Tile
Fireplace Features Kitchen
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Street Suffix Street
Laundry Features Inside
Entry Level 1
Electric On Property Y/N N
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ExteriorFencing Vinyl Wood
Lot Features Item01UnitAcre
Water Source Public
Total Parking 3.0
Lot Size Area 5044.0
Foundation Details Raised
Number of Buildings 2
Spa N
Building Area Total 4150.0
Lot Size Acres 0.1158
Lot Size Units SquareFeet
Lot Size Source Assessor
Pool Charge 0.0
Number of Separate Water Meters 1
Number of Separate Gas Meters 6
Number of Separate Electric Meters 6
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByBricxone Realty, Inc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $17,456
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,994,800
Percent of Sale Price 20%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/22/2024 | $2,499,000 | | Listed Price |