7427 S Hoover St Los Angeles, CA 90044
Vermont Knolls NeighborhoodEstimated payment $5,166/month
Total Views
3,027
4
Beds
4
Baths
2,531
Sq Ft
$339
Price per Sq Ft
Highlights
- Corner Lot
- Laundry Room
- Wall Furnace
- No HOA
- Carpet
- 1-Story Property
About This Home
Fully Occupied 4-Unit Investment Property on a Corner Lot! Exceptional opportunity to own a fully occupied, income-producing 4-unit property in a rapidly transforming area of Los Angeles! Each unit features 1 bedroom and 1 bathroom, along with its own dedicated 1-car garage and washer and dryer hookups in each unit—a rare and desirable amenity for tenants. The landlord currently covers water. With the potential to generate high rental income based on current payment standards, this property offers a standout return in today's market. Perfect for investors seeking steady, passive income and consistent cash flow. Located in a booming development LA area, just minutes from major attractions including LA Live, SoFi Stadium, the new Intuit Dome, The Kia Forum, BMO Stadium, USC, and Downtown Los Angeles, this property sits in the heart of growth and opportunity. Whether you're expanding your portfolio or entering the market for the first time, this is an investment you won't want to miss.
Listing Agent
Keller Williams Palos Verdes Brokerage Phone: 310-963-3782 License #01305283 Listed on: 05/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,252
Year Built
- Built in 1940
Lot Details
- 5,790 Sq Ft Lot
- No Common Walls
- Corner Lot
- Land Lease
Parking
- 4 Car Garage
Home Design
- Quadruplex
- Shingle Roof
Interior Spaces
- 2,531 Sq Ft Home
- 1-Story Property
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
Utilities
- Wall Furnace
Listing and Financial Details
- Legal Lot and Block 38 / 3
- Tax Tract Number 2531
- Assessor Parcel Number 6020006019
- $545 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,000
- Trash Expense $250
- Water Sewer Expense $1,560
- Operating Expense $3,810
- Gross Income $51,264
- Net Operating Income $48,264
Map
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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 | $6,252 | $485,536 | $335,310 | $150,226 |
| 2024 | $6,252 | $476,017 | $328,736 | $147,281 |
| 2023 | $6,142 | $466,685 | $322,291 | $144,394 |
| 2022 | $5,875 | $457,535 | $315,972 | $141,563 |
| 2021 | $5,792 | $448,565 | $309,777 | $138,788 |
| 2019 | $5,629 | $435,262 | $300,590 | $134,672 |
| 2018 | $5,521 | $426,729 | $294,697 | $132,032 |
| 2016 | $5,268 | $410,160 | $283,254 | $126,906 |
| 2015 | $5,196 | $404,000 | $279,000 | $125,000 |
| 2014 | $5,226 | $395,000 | $278,600 | $116,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/19/2025 08/19/25 | Price Changed | $859,000 | -4.4% | $339 / Sq Ft |
| 05/13/2025 05/13/25 | For Sale | $899,000 | +122.5% | $355 / Sq Ft |
| 12/19/2014 12/19/14 | Sold | $404,000 | +1.3% | $160 / Sq Ft |
| 11/02/2014 11/02/14 | Pending | -- | -- | -- |
| 09/08/2014 09/08/14 | For Sale | $399,000 | -- | $158 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Orange Coast Title Company | |
| Grant Deed | $404,000 | First American Title Insuran | |
| Grant Deed | $437,500 | Fidelity Van Nuys | |
| Interfamily Deed Transfer | -- | Commonwealth Land Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $282,800 | New Conventional | |
| Previous Owner | $350,000 | Purchase Money Mortgage | |
| Previous Owner | $240,000 | New Conventional | |
| Previous Owner | $187,500 | Unknown |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25105283
APN: 6020-006-019
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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