220 North Hoover Street
$2,499,000
15
4,150
4,150
$602
Description
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...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.
- Listed by Elizabeth Ramirez • DRE #01328744 • Brokerage DRE #02213427 • Bricxone Realty, Inc.
Property Details for 220 North Hoover Street
Architectural Style
Modern
ViewCity Lights
Parking Spaces Total3
Private PoolNo
Cooling TypeWall/Window
Total Units6.0
Building TypeDetached
Lot Size SourceAssessor
LISTING UPDATED: 05/23/2024 08:57 AM
Property Details for 220 North Hoover Street
Status | Active |
---|---|
MLS # | PW24067859 |
Days on Market | 243 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1914 |
County | Los Angeles County |
Building Information for 220 North Hoover Street
Building/Complex220 N Hoover StFloor-Stories2Residences-Pet Policy-Year Built1914Building Size-
Property Information for 220 North Hoover Street
Property History for 220 North Hoover Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 220 North Hoover Street
Taxable ValueLand$1,530,000Additions$179,380Total$1,709,380
Tax Record2024$21,402 ($1,783 / month)
Home Facts
Total Finished SqFt4,150 SqFtAbove Grade Finished SqFt4,150 SqFtLot Size5,044 SqFtStyleMulti-Family Res (5+ Units)Year Built1914ZoningLAR3CountyLOS ANGELESAPN5156-003-022
Schools near 220 North Hoover Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Commonwealth Avenue Elementary School PublicK to 5 | ||
Virgil Middle School Public6 to 8 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 | ||
Academic Leadership Community School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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