$2,050,000

Estimated payment $13,220/month

Total Views 2,595
9 Beds
7 Baths
5,048 Sq Ft
$406 Price per Sq Ft

About This Home

Welcome to 1145 N. Hoover St, a fully-leased 7-unit apartment building located in the prime East Hollywood/Silver Lake area. Situated in a vibrant neighborhood renowned for its diverse community, hip culture, and artistic vibe, this property offers a unique blend of artistic expression, outdoor beauty, community spirit, and urban convenience, making it a desirable place to call home for many residents. Some of the benefits of living in East Hollywood/Silver Lake include its close proximity to downtown Los Angeles, providing easy access to major freeways, public transportation, and cultural attractions. The property is also conveniently located near Sunset Junction, Erewhon Market, and the Vermont/Santa Monica Metro, offering residents a mix of urban living and a laid-back atmosphere. Built in 1963, this exceptional commercial real estate opportunity boasts several key attributes: 7 units consisting of 2 two-bedroom, one-bathroom units and 5 one-bedroom, one-bathroom units, 2 floors, Zoning: LAR2 and 7 designated parking spaces available on the premises, total living area of 5,048 sq feet, and Soft-Story Retrofitted. This well-maintained property presents a variety of desirable unit configurations, ensuring a versatile rental income stream. The property's convenient location and ample parking spaces contribute to its appeal to potential tenants, ensuring consistent occupancy levels. Ideal for investors seeking a lucrative real estate opportunity.

Listing Agent

Timothy Xu

Compass License #01703821 Listed on: 04/16/2025

Compass

Co-Listing Agent

Jaime Garcia

Compass License #02051294

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,004 Sq Ft Lot

Interior Spaces

  • 5,048 Sq Ft Home
  • 2-Story Property
  • Gas And Electric Dryer Hookup

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Parking

  • 7 Parking Spaces
  • Assigned Parking

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 5542-024-028

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 5048
  • Lot Acreage: 0.1378
  • Stories: 2
  • Year Built: 1963
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 7.00
  • Equipment: Refrigerator, Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 406.10

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 7

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 80.95
  • Assessed Improvement Value: 214474
  • Assessed Land Percent: 19.05
  • Assessed Land Value: 50480
  • Total Assessed Value: 264954
  • Assessor Parcel Number: 5542-024-028
  • Lot Size Area: 6004

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.20
  • Number Of Units: 7
  • Total Annual Expense: 29813
  • Type Of Units: 7
  • Vacancy Rate: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2025 04/16/25 For Sale $2,050,000 -- $406 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25523781

The MLS