543 North Hoover Street
$1,720,000
10
8
4,736
4,736
$363
Description
Do not walk the property or disrupt tenants. Contact listing team for details. We are pleased to present 543-545 North Hoover Street, an eight-unit apartment community located just minutes from the vibrant Sunset Junction neighborhood. Nestled in one of Los Angeles' most walkable neighborhoods, this area has experienced a surge in popularity and rental demand, driven by an array of artisanal coffee shops, cafes, local retailers and bars. Constructed in 1958 and 1962, the property features both one...Do not walk the property or disrupt tenants. Contact listing team for details. We are pleased to present 543-545 North Hoover Street, an eight-unit apartment community located just minutes from the vibrant Sunset Junction neighborhood. Nestled in one of Los Angeles' most walkable neighborhoods, this area has experienced a surge in popularity and rental demand, driven by an array of artisanal coffee shops, cafes, local retailers and bars. Constructed in 1958 and 1962, the property features both one and two-bedroom units, with eight on-site parking spaces. Currently, tenants are paying below-market rents compared to similar properties in the area. By renovating the units and aligning rents with market rates, a savvy investor could realize an impressive 83% rental upside, unlocking significant long-term appreciation potential. 543-545 North Hoover Street offers substantial potential rental upside and appreciation in a thriving neighborhood.
- Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01238010 • Marcus & Millichap
Property Details for 543 North Hoover Street
Zoning
LAR3
Parcel Number5539028008
Total Units8.0
Living Area4736
Source Living AreaAssessor
AreaSilver Lake (671)
Vacancy Rate0
Lot Size Area7499
LISTING UPDATED: 11/14/2024 12:01 AM
Property Details for 543 North Hoover Street
Status | Active |
---|---|
MLS # | 24-460735 |
Days on Market | 16 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1958 |
Lot Size | 0.17 AC / 7,499 SF |
County | Los Angeles County |
Building Information for 543 North Hoover Street
Stories2Residences-Year Built1958Building Size-Lot Size0.17 AC / 7,499 SF
Property Information for 543 North Hoover Street
Property History for 543 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 543 North Hoover Street
Taxable ValueLand$46,117Additions$135,049Total$181,166
Tax Record2024$3,382 ($282 / month)
Home Facts
Total Finished SqFt4,736 SqFtAbove Grade Finished SqFt4,736 SqFtLot Size7,499 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningLAR3CountyLOS ANGELESAPN5539-028-008
Schools near 543 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 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Dayton Heights Elementary School PublicK to 5 | ||
Thomas Starr King Middle School Public6 to 8 | ||
John Marshall Senior High School Public9 to 12 | ||
Camino Nuevo Dalzell Lance Charter9 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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