$1,470,000
$1M PRICE DROP

Estimated payment $9,603/month

Total Views 1,116
6 Beds
10 Baths
8,080 Sq Ft
$182 Price per Sq Ft

About This Home

AUCTION STYLE BIDDING BEGINS!!!! ORIGINALLY LISTED AT $2,570,000!!! MINIMUM ACCEPTABLE OPENING BID IS $1,470,000 SUBJECT TO SELLERS NON DISCLOSED RESERVE PRICE. AMAZING OPPORTUNITY with starting bid price at only $181/sf!!!! Unique and rare opportunity in the heart of Koreatown ideal for owner-users, investors, and developers! 830 S Hoover Street is listed at $1,470,000 and features a 6-unit commercial building in the front (with 3 units currently vacant perfect for an owner-user) and a 4-unit residential building in the rear, with separate rear access. The property offers 8,080 SF of interior space on a combined lot size of 11,314 SF, which includes the adjacent parcel at 840 S Hoover Street (off-market, offered at $1.83M). Both parcels are zoned C2 with TOC Tier 3, allowing for increased density, mixed-use, or multifamily development (buyer to verify with the City). Properties can be developed together or 840 can serve as a dedicated parking lot for 830. This versatile site is perfect for medical, dental, acupuncture, retail, salon, barbershop, car dealership, executive office, or creative studio. Located in a high-traffic Koreatown corridor, minutes from DTLA, major transit, and amenities. So much potential and upside! Drive-by only do not disturb tenants. Property to be sold as-is. Buyer to conduct their own due diligence. Submit offers with proof of funds. Contact listing agent for full details.

Listing Agent

John C. Pak

Philco Realty License #01898649 Listed on: 06/23/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,653

Year Built

  • Built in 1966

Lot Details

  • 6,310 Sq Ft Lot

Interior Spaces

  • 8,080 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 10 Bathrooms

Parking

  • 6 Parking Spaces
  • Assigned Parking

Utilities

  • Central Air
  • Window Unit Cooling System
  • Heating System Uses Natural Gas

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 5141-026-007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,653

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 8080
  • Lot Acreage: 0.1449
  • Year Built: 1966
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Wood Laminate
  • Bedrooms: 6
  • Total Bathrooms: 10.00
  • Price Per S Q F T: 181.93

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 6

Utilities

  • Cooling: Window Unit(s), Central
  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Percent: 36.33
  • Assessed Improvement Value: 534808
  • Assessed Land Percent: 63.67
  • Assessed Land Value: 937420
  • Total Assessed Value: 1472228
  • Assessor Parcel Number: 5141-026-007
  • Lot Size Area: 6310

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Number Of Units: 10
  • Total Annual Expense: 0
  • Type Of Units: MIXED-USE
  • Vacancy Rate: 30%

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $18,653 $1,501,672 $956,168 $545,504
2024 $18,653 $1,472,228 $937,420 $534,808
2023 $18,306 $1,443,362 $919,040 $524,322
2022 $17,479 $1,415,062 $901,020 $514,042
2021 $17,226 $1,387,316 $883,353 $503,963
2020 $17,392 $1,373,092 $874,296 $498,796
2019 $16,722 $1,346,169 $857,153 $489,016
2018 $16,555 $1,319,775 $840,347 $479,428
2017 $16,206 $1,293,898 $823,870 $470,028
2016 $15,768 $1,268,528 $807,716 $460,812
2015 $15,542 $1,249,475 $795,584 $453,891
2014 $11,506 $888,354 $548,689 $339,665
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 Price Changed $1,470,000 -40.5% $182 / Sq Ft
07/08/2025 07/08/25 Price Changed $2,470,000 -3.9% $306 / Sq Ft
06/23/2025 06/23/25 For Sale $2,570,000 -- $318 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,225,012 Fidelity National Title Co
Grant Deed $650,006 Pacific Coast Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $530,000 Seller Take Back
Source: Public Records

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Source: The MLS

MLS Number: 25556523

The MLS

APN: 5141-026-007