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JAG REAL ESTATE

hello@jaglifestyle.com +1(619) 273-3180

$ 950,000

Est. payment -/mo

Save

Active

7620 S Hoover Los Angeles, CA 90044

12 Beds

4 Baths

6,764 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25281839

Bedrooms 12

Lot Size 6,764 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Calvary Realty is pleased to present a Section 8backed multifamily investment located at 7620 Hoover Street, Los Angeles, CA, within the Los AngelesLong BeachAnaheim MSA, the second-largest metropolitan area in the nation with a population of 12.9 million. The property is offered at $950,000, representing an existing cap rate of 5.38% and a price per square foot of $256.90, positioning it as an accessible entry point into a highly coveted Los Angeles submarket. Originally built in 1955 with updates in 1965, the asset sits on 0.16 acres and consists of a single two-story concrete building totaling 3,698 rentable square feet across four units. Current physical occupancy is 75%, with stable Section 8 income providing downs ide protection and the opportunity for rental upside through improved operations and lease-up. The property is strategically located near the intersection of S Hoover Street and W 77th Street, offering excellent accessibility just adjacent to Interstate 110, which carries a daily traffic count of approximately 14,011 vehicles. Its central location places it minutes from major demand drivers, including SoFi Stadium, Intuit Dome, LA Live, the Memorial Coliseum, BMO Stadium, 4 miles south of USC, and 10 miles east of LAX. With strong visibility, proximity to major employment and entertainment hubs, and long-term housing demand fundamentals, this offering represents a compelling opportunity to acquire a stabilized income-producing asset with upside potential in one of the most resilient rental markets in the country.

Location

State CA

County Los Angeles

Zoning Assessor

Direction From 110 Fwy, Exit Florence Ave. Continue to S Hoover St.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 6020019026

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Ta Mara Jones CALVARY REALTY INC

SCHOOLSPROPERTIES

Elementary Schools 20

8

Global Education Academy

Public | KG - 5
8

Synergy Charter Academy

Public | KG - 5
8

Celerity Dyad Charter

Public | KG - 8
7

New Heights Charter

Public | KG - 8
7

Aspire Juanita Tate Academy

Public | KG - 6
6

Kipp Empower Academy

Public | KG - 4
6

Menlo Avenue Elementary

Public | KG - 5
6

Watts Learning Center

Public | KG - 5
6

99th Street Elementary School

Public | PK - 6
6

Center for Advanced Learning

Public | KG - 5
5

Kipp Academy of Opportunity

Public | 5 - 8
5

74th Street Elementary School

Public | KG - 5
5

Kipp Scholar Academy

Public | 5 - 8
5

La Salle Avenue School

Public | KG - 5
5

Accelerated

Public | KG - 8
5

Accelerated Elementary Charter

Public | KG - 6
5

118th Street Elementary

Public | KG - 5
5

66th Street Elementary School

Public | KG - 6
5

Quincy Jones Elementary

Public | KG - 5
5

Kipp Philosophers Academy

Public | 5 - 8

Middle Schools 20

6

Alliance Ouchi-O'Donovan 6-12 Complex

Public | 6 - 12
6

Alliance College-Ready Middle Academy No. 4

Public | 6 - 8
5

Synergy Kinetic Academy

Public | 6 - 8
4

Alliance Jack H. Skirball Middle School

Public | 6 - 8
4

Thomas Alva Edison Middle School

Public | 6 - 8
4

Dr. Julian Nava Learning Academy - School of Business & Tech

Public | 6 - 8
3

Animo Jefferson Charter Middle School

Public | 6 - 8
2

Albert F. Monroe Elementary School

Public | 6 - 8
2

Bethune Middle School

Public | 7 - 8
2

Animo Charter Middle No. 2

Public | 6 - 8
2

Drew Middle School

Public | 7 - 8
1

Audubon Middle School

Public | 6 - 8
1

View Park Preparatory Accelerated Charter Middle School

Public | 6 - 8
1

Century Academy for Excellence

Public | 6 - 8
1

Horace Mann Junior High School

Public | 6 - 8
1

Barack Obama Global Preparation Academy

Public | 6 - 8
1

John Muir Middle School

Public | 6 - 8
1

Bret Harte Preparatory

Public | 6 - 8
1

Samuel Gompers Middle School

Public | 6 - 8
1

Watts Learning Center Charter Middle School

Public | 6 - 8

High Schools 20

8

Animo Inglewood Charter High School

Public | 9 - 12
8

Middle College High School

Public | 9 - 12
8

Wallis Annenberg High School

Public | 9 - 12
8

Alliance College-Ready Academy High No. 5

Public | 9 - 12
8

Animo Pat Brown

Public | 9 - 12
7

Alliance Judy Ivie Burton Technology Academy High School

Public | 9 - 12
7

Student Empowerment Academy

Public | 9 - 12
6

Crenshaw Arts-Technology Charter High School

Public | 9 - 12
6

Animo Ralph Bunche High School

Public | 9 - 12
5

View Park Preparatory Accelerated High School

Public | 9 - 12
5

Alliance Renee and Meyer Luskin Academy High School

Public | 9 - 12
5

Animo South los Angeles Charter

Public | 9 - 12
5

Public Service Community High School - Diego Rivera Learning Complex

Public | 9 - 12
4

Synergy Quantum Academy

Public | 9 - 12
4

Green Design STEAM Academy - Diego Rivera Learning Complex

Public | 9 - 12
4

Nava College Preparatory Academy

Public | 9 - 12
3

Communication & Technology School - Diego Rivera Learning Complex

Public | 9 - 12
2

Augustus F. Hawkins High School - Critical Design and Gaming

Public | 9 - 12
2

Dymally High School

Public | 9 - 12
2

Performing Arts Community School - Diego Rivera Learning Complex

Public | 9 - 12

School and business data provided by Attom Data.

JAG REAL ESTATE

Brokerage

+1(619) 273-3180

JAG REAL ESTATE

7620 S Hoover Los Angeles, CA 90044

Key Details

Location

Interior

Exterior

Building

Others

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7620 S Hoover