220 North Hoover Street

Los Angeles, CA 90026

$2,499,000
Price
15
Beds
10
Baths
4,150 Sq. Ft.
$602 / Sq. Ft.
4,150
Sq. Ft.
$602
per Sq. Ft.

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.
  1. Listed by Elizabeth Ramirez • DRE #01328744 • Bricxone Realty, Inc.

Property Details for 220 North Hoover Street

Zoning
LAR3
Style
Modern
Living Area
4150
Area
Silver Lake (671)
Lot Size Area
5044
Home owner Dues
$0
Assessor Parcel Number
5156-003-022
Directions
Property is off of Temple and Council
LISTING UPDATED: 05/23/2024 05:04 PM

Property Details for 220 North Hoover Street

StatusActive
MLS #PW24067859MR
Days on Market321
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1914
CountyLos Angeles County

Building Information for 220 North Hoover Street

Building/Complex220 N Hoover StFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1914Building Size-

Property Information for 220 North Hoover Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Community Features: Curbs, Street Lights
Structure Info
Structure Info
  • Building Type: Detached
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Unit Floor In Building: 1
  • View: Yes
  • View Description: City Lights
  • Guest House: None
  • Entry Floor Number: 1
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Water: Public
  • Sewer: Public Sewer
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $259,237.00
  • Total Annual Expense: 25163
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Lot Acreage: 0.0
  • Telephone: 0.0
  • Cable: 0.0
Parking Details
Parking Details
  • Total Parking: 3
  • Garage Spaces Total: 3
  • Carport Spaces Total: 0
  • Number Of Remote Controls: 0.0
Interior Features
Interior Features
  • Fireplace Rooms: Kitchen
  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Ductless
  • Common Walls: Detached/No Common Walls
  • Laundry: Inside
Exterior Features
Exterior Features
  • Pool: No
  • Pool Description: None
  • Spa: No
  • Spa: None
  • Fence: Vinyl, Wood
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, Exchange/Trade, Submit
  • Rent Control: No
  • Tenant Pays: None
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $3,450.00
  • Unit Actual Rent: $3,450.00
  • Unit Projected Rent: $3,450.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $3,450.00
  • Unit Actual Rent: $3,450.00
  • Unit Projected Rent: $3,450.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $3,900.00
  • Unit Actual Rent: $3,900.00
  • Unit Projected Rent: $3,900.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $3,450.00
  • Unit Actual Rent: $3,450.00
  • Unit Projected Rent: $3,450.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: Yes
  • Unit Rent: $6,150.00
  • Unit Actual Rent: $6,150.00
  • Unit Projected Rent: $6,150.00
  • Like Units: 1
Unit Details
  • Number of Disposal: 6
  • Number of Electric Meters: 6
  • Number of Gas Meters: 6
  • Number Patio: 0
  • Number Range: 6
  • Number Rented Garages: 3
  • Number Wall AC: 6
  • Number Water Meters: 1

Property History for 220 North Hoover Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

220 North Hoover Street is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on April 22, 2024 by Bricxone Realty, Inc., it's currently listed at $2,499,000. It has been on the market for a total of 321 days and was last sold on August 15, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Commonwealth Avenue Elementary School, Virgil Middle School and Contreras Learning Center-School Of Social Justice. 220 North Hoover Street is a 15-bed, 10-bath, 4,150 sqft multi-family home built in 1914.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Bricxone Realty, Inc., Elizabeth Ramirez, DRE #01328744

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.