4504 S Hoover Street, Los Angeles, CA — listing photo 1
1 / 20
FOR SALENew Listing

4504 S Hoover Street

Los Angeles, CA 90037
10 Beds
9 Baths
6,342 Sq Ft
Built 1908
$2,099,999
Price ReducedWas $2,300,000 — $2,099,999 (-$200,001)

Property Overview

Rare 9-unit value-add opportunity on the southeast corner of Hoover and W 45th, minutes from USC, Exposition Park, and the 110. Three buildings on one corner lot: two 2-story Spanish-style fourplexes plus a detached rear home, in all 8 one-bedroom units and 1 two-bedroom, 100% occupied. Approximately $107,300 in documented capital improvements since 2022, including new cool roofs on both fourplex buildings (2026), two full unit renovations, upgraded kitchens and baths, flooring, paint, water heaters, and electrical and plumbing repairs throughout. Four units are Section 8 with reliable HACLA-paid rents. Significant rental upside: most one-bedrooms rent well below the current HACLA payment standard of $1,793. Strong current cash flow with a clear path to a 6%+ cap rate at market rents. Additional income potential from an on-site laundry room with owner-owned machines. Units separately metered for gas and electricity. A clean, well-documented asset with detailed financials and improvement history available. Seller will cooperate with buyer's 1031 exchange.

Home Details

Property type
Residential Income
Year built
1908
Living area
6,342 sq ft
Lot size
6,540 sq ft
Parking
2 spaces
Stories
2
Days on market
21
MLS status
Active
Architectural style
Spanish
Zoning
LAC2

Features & Amenities

Interior

  • Ceiling Fans

Appliances

  • Gas Range
  • Refrigerator
  • Vented Exhaust Fan

Parking

  • Driveway
  • On Street

Pool

  • None

Community, Schools & Utilities

Utilities

Sewer
SewerTapPaid
Browse more homes for sale in Los Angeles

Location & Neighborhood

4504 S Hoover Street

Los Angeles, CA 90037

Open in Google MapsOpen in Apple Maps

Frequently Asked Questions About 4504 S Hoover Street

Property type: Residential Income

The current asking price is $2,099,999. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 4504 S Hoover Street. Our team will confirm availability and timing.
This 10 bedrooms and 9 bathrooms property offers approximately 6,342 square feet of living space. It was built in 1908. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 21 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

Get More Info

Crown Coastal Support Team

Direct support from our real estate team

Enquiry form loads as you reach this section.

Listing Agent

Name: Eric Hecht
Phone: 3104973835
MLS ID: CLW-X94948

Available property

$2,099,999

CRMLS Logo

Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.