
4302 S Hoover St Los Angeles, CA 90037
Vermont Square NeighborhoodEstimated payment $10,634/month
About This Home
Prime USC investment! This 8-unit apartment building hits the market with over an 8% day-one cap rate plus huge rental upside. Featuring five oversized 2BR/1BA units and three 1BR/1BA units, plus 1.5 parking spaces per unit (three additional carports for extra income or easy ADU conversion), the property offers both strong cash flow and future flexibility. Just steps from USC, BMO Stadium, and the Coliseum, it sits on an oversized 8,419 SF C-2 lot in a Tier 3 TOC zone, unlocking incredible long-term development potential. With a brand-new roof (2025) and no deferred maintenance, this is the ultimate land bank with income—priced to sell and won’t last long!
Listing Agent
Edgestone Real Estate, Inc. Brokerage Phone: 818-464-5707 License #01705003 Listed on: 08/18/2025
Co-Listing Agent
Edgestone Real Estate, Inc. Brokerage Phone: 818-464-5707 License #01328684
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1925
Lot Details
- 8,419 Sq Ft Lot
- Two or More Common Walls
Parking
- 12 Open Parking Spaces
- 3 Car Garage
Home Design
- Apartment
Interior Spaces
- 5,632 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 13 Bedrooms
- 8 Bathrooms
Listing and Financial Details
- Tax Lot 121
- Assessor Parcel Number 5019012031
Community Details
Overview
- 8 Units
Building Details
- 8 Leased Units
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $8,000
- Other Expense $7,454
- Water Sewer Expense $14,418
- New Taxes Expense $21,125
- Operating Expense $50,996
- Gross Income $200,827
- Net Operating Income $144,232
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/18/2025 08/18/25 | For Sale | $1,649,000 | -- | $293 / Sq Ft |
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