5926 S Hoover St Los Angeles, CA 90044
Vermont-Slauson NeighborhoodEstimated payment $21,661/month
Highlights
- 0.24 Acre Lot
- Zoned Cooling
- Heating Available
- Bungalow
- Ceiling Fan
- 1-Story Property
About This Home
Huge Price Reduction! Existing 15-unit building with 12 Gut-Renovated & Brand New Units cash flowing at an amazing 7% Cap Rate and 10.4 GRM from day 1. The units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, as well as major exterior capital improvements. On top of that, the major systems have been updated including brand new roofs, electrical, plumbing, HVAC, etc. and even a brand-new fire sprinkler system for all the units that will save you tons of money on insurance costs in California! Amazing upside to 10% Cap Rate & 7.7 GRM on the proforma. Additionally, there are preliminary plans to convert the 2 existing brand-new detached ADUs into 6 detached ADUs (4 additional) to improve the numbers even further. Excellent up and coming location minutes from Banc of California Stadium, USC, & Inglewood. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency. Large ~10,554 SF TOC Tier 3 lot zoned C2 with future redevelopment potential.
Listing Agent
Global Platinum Properties, Inc. License #01846872 Listed on: 08/18/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,781
Year Built
- Built in 1923
Lot Details
- 10,557 Sq Ft Lot
Home Design
- Bungalow
Interior Spaces
- 6,709 Sq Ft Home
- 1-Story Property
- Ceiling Fan
Kitchen
- Oven or Range
- Microwave
Bedrooms and Bathrooms
- 10 Bedrooms
- 15 Bathrooms
Utilities
- Zoned Cooling
- Heating Available
Community Details
- 3 Buildings
- 15 Units
Listing and Financial Details
- Assessor Parcel Number 6004-031-040
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,781 | $1,038,959 | $776,487 | $262,472 |
| 2024 | $13,781 | $1,018,588 | $761,262 | $257,326 |
| 2023 | $13,409 | $998,617 | $746,336 | $252,281 |
| 2022 | $12,837 | $979,037 | $731,702 | $247,335 |
| 2021 | $12,660 | $959,841 | $717,355 | $242,486 |
| 2020 | $12,736 | $950,000 | $710,000 | $240,000 |
| 2019 | $6,739 | $459,258 | $168,842 | $290,416 |
| 2018 | $6,511 | $450,254 | $165,532 | $284,722 |
| 2016 | $6,152 | $432,772 | $159,105 | $273,667 |
| 2015 | $6,075 | $426,273 | $156,716 | $269,557 |
| 2014 | $6,122 | $417,924 | $153,647 | $264,277 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/09/2025 09/09/25 | Price Changed | $3,850,000 | -3.6% | $574 / Sq Ft |
| 08/18/2025 08/18/25 | For Sale | $3,995,000 | -- | $595 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Chicago Title Company | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Grant Deed | $950,000 | Fidelity National Title Co | |
| Grant Deed | -- | Landsafe Title | |
| Interfamily Deed Transfer | -- | Landsafe Title | |
| Corporate Deed | -- | Landsafe Title | |
| Corporate Deed | -- | Landsafe Title | |
| Trustee Deed | $269,986 | Landsafe Title | |
| Grant Deed | $265,000 | Southland Title Corporation | |
| Executors Deed | -- | Commonwealth Land Title Co | |
| Trustee Deed | $109,200 | Fidelity National Title Ins |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,660,000 | New Conventional | |
| Previous Owner | $1,582,537 | New Conventional | |
| Previous Owner | $1,050,000 | Commercial | |
| Previous Owner | $1,016,000 | Construction | |
| Previous Owner | $249,745 | FHA | |
| Previous Owner | $103,500 | Purchase Money Mortgage |
Source: The MLS
MLS Number: 25580217
APN: 6004-031-040
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