2321 Hooper Avenue

Los Angeles, CA 90011

$2,090,000
Price
2
Beds
1
Bath
6,494 Sq. Ft.
$322 / Sq. Ft.
6,494
Sq. Ft.
$322
per Sq. Ft.

Description

Perfect for investment or 1031 Exchange building in a fast growing area of downtown LA. Great opportunity to own a huge upside potential 9 units mixed use income property, comprised of 3 retails, 1 single family house, and 5 one bedroom apts. Separate meters for gas and electric. Owner only pays for water bill of 5 one bedroom units. High cash flow property. Look for adress 2321-2331 Hooper & 1273-1275 E. 25th St. Huge corner lot. Please ask for rent roll by email. Property to be sold AS IS. Buyer...Perfect for investment or 1031 Exchange building in a fast growing area of downtown LA. Great opportunity to own a huge upside potential 9 units mixed use income property, comprised of 3 retails, 1 single family house, and 5 one bedroom apts. Separate meters for gas and electric. Owner only pays for water bill of 5 one bedroom units. High cash flow property. Look for adress 2321-2331 Hooper & 1273-1275 E. 25th St. Huge corner lot. Please ask for rent roll by email. Property to be sold AS IS. Buyer to verify permits and room counts.
  1. Listed by Chris Kee Um • DRE #01127787 • Brokerage DRE #01299519 • Omni Realty & Investment Group

Property Details for 2321 Hooper Avenue

Zoning
LARD2
Parcel Number
5119025019
Total Units
9.0
Living Area
6494
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
0
Lot Size Area
11456
LISTING UPDATED: 10/07/2024 12:02 PM

Property Details for 2321 Hooper Avenue

StatusActive
MLS #24-404337
Days on Market147
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.26 AC / 11,456 SF
CountyLos Angeles County

Building Information for 2321 Hooper Avenue

Stories-Residences-Year Built1925Building Size-Lot Size0.26 AC / 11,456 SF

Property Information for 2321 Hooper Avenue

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 3
  • Type Of Units: Mixed Use
  • Security Features: Gated
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $161,964
  • Net Operating Income: $117,884.00
  • Gross Income: $161,964
  • Cap Rate: 5.60%
  • Gross Rent Multiplier: $13.00
  • Actual Annual Gross Rent: $161,940.00
  • Total Annual Expense: 44080
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.263
  • Lot Size Square Feet: 11456
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 0
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • Pool: Yes
  • Pool Description: Fenced
  • Pool Features: Fenced
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 06-24-2024
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $13,497.00
  • Unit Actual Rent: $13,497.00
  • Unit Projected Rent: $17,406.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $401,929.00
  • Assessed Improvement Percent: 31.58
  • Assessed Land Value: $870,855.00
  • Assessed Land Percent: 68.42
  • Assessed Total Value: $1,272,784.00

Property History for 2321 Hooper Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2321 Hooper Avenue

Taxable ValueLand$888,272Additions$409,967Total$1,298,239
Tax Record2024$17,101 ($1,425 / month)
Home Facts
Total Finished SqFt6,494 SqFtAbove Grade Finished SqFt6,494 SqFtStories1Lot Size11,465 SqFtStyleOffice BuildingYear Built1925ZoningLARD2CountyLOS ANGELESAPN5119-025-019

Schools near 2321 Hooper Avenue

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
Nevin Avenue Elementary School
PublicK to 5

Nava College Preparatory Academy
Public9 to 12

Santee Education Complex
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.

2321 Hooper Avenue is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on June 24, 2024 by Omni Realty & Investment Group, it's currently listed at $2,090,000. It has been on the market for a total of 147 days and was last sold on June 10, 2005. This listing's school district is Los Angeles Unified School District. Nearby schools include Nevin Avenue Elementary School, Dr. Julian Nava Learning Academies-School Of Business And Technology and Nava College Preparatory Academy. 2321 Hooper Avenue is a 2-bed, 1-bath, 6,494 sqft multi-family home built in 1925.

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 Omni Realty & Investment Group, Chris Kee Um, DRE #01127787

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.