NOT LISTED FOR SALE

900 N Hoover St Los Angeles, CA 90029

12 Beds
12 Baths
7,662 Sq Ft
6,510 Sq Ft Lot

Last Sold May 06, 2021

Last sale price $3,595,000 $469 Per Sq Ft

58 Days on Market

Highlights

  • Gated Parking
  • Art Deco Architecture
  • Stained Glass
  • John Marshall Senior High Rated A
  • Wood Flooring
  • Open Patio

About This Home

As of May 2021

This trophy six-unit income property offering over a 5% CAP rate, 13.6 GRM and not subject to RSO, is ideally located just blocks from Sunset Junction in trendy Silver Lake. Originally constructed in 1926, then converted to apartments in 2013 and has since undergone a complete renovation with updated systems including roof, plumbing, electrical, and heating and air conditioning. The Sanctum Artiste is an exclusive offering featuring stylishly redesigned units. Each two-bedroom, two-bathroom loft-style unit maintains elements of historical features of stained-glass windows and hardwood floors. All kitchens and baths have been modernized with stainless steel appliances. Washer and dryer in each unit. Gated parking with 8 spots. Fully occupied and separately metered, this is a one-of-a-kind and rare opportunity, not to be missed.

Last Agent to Sell the Property

Jonathan Mogharrabi

Carolwood Estates License #02009871 Listed on: 01/25/2021

Carolwood Estates

Co-Listed By

Marci Kays

Carolwood Estates License #01397539

Last Buyer's Agent

Eric Smilay

Nourmand & Associates-BH License #01710731

Nourmand & Associates-BH

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926 | Remodeled

Lot Details

  • 6,510 Sq Ft Lot
  • Gated Home

Home Design

  • Art Deco Architecture

Interior Spaces

  • 7,662 Sq Ft Home
  • 3-Story Property
  • Stained Glass
  • Wood Flooring
  • Microwave

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Gated Parking

Additional Features

  • Open Patio
  • Central Heating and Cooling System

Community Details

  • 6 Units

Listing and Financial Details

  • The owner pays for gardener
  • Assessor Parcel Number 5427-004-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1926 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Art Deco
  • Street Number Display: Yes
  • Complex Name: Sanctum Artiste
  • Living Area: 7662
  • Lot Acreage: 0.1495
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 3
  • Year Built: 1926
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 12
  • Common Walls: Attached
  • Laundry: In Unit
  • Total Bathrooms: 12.00
  • Equipment: Washer, Dryer, Refrigerator, Hood Fan, Microwave
  • Price Per S Q F T: 482.25
  • Windows: Stained or Leaded

Exterior Features

  • Other Structures: None
  • Patio: Patio Open
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Other Spaces: 8
  • Parking Garage: Gated
  • Total Parking: 8

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated

Lot Info

  • Assessed Improvement Percent: 47.95
  • Assessed Improvement Value: 1030376
  • Assessed Land Percent: 52.05
  • Assessed Land Value: 1118399
  • Total Assessed Value: 2148775
  • Assessor Parcel Number: 5427-004-007
  • Lot Size Area: 6510

Rental Info

  • Owner Pays: Gardener
  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 13.60
  • Number Of Units: 6
  • Total Annual Expense: 82543
  • Type Of Units: Attached
  • Vacancy Rate: 0

Range of Values:

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Average Value
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List Price
Sold Price
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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
05/06/2021 05/06/21 Sold $3,595,000 -2.7% $469 / Sq Ft
03/24/2021 03/24/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $3,695,000 +42.1% $482 / Sq Ft
07/24/2018 07/24/18 Sold $2,600,000 -18.8% $339 / Sq Ft
05/23/2018 05/23/18 Pending -- -- --
11/27/2017 11/27/17 For Sale $3,200,000 -- $418 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jonathan Mogharrabi

    Seller's Agent in 2021

    Jonathan Mogharrabi

    Carolwood Estates

    (310) 633-1300

    2 in this area

    61 Total Sales

    Jonathan Mogharrabi
    Section Image
  • Marci Kays

    Seller Co-Listing Agent in 2021

    Marci Kays

    Carolwood Estates

    (323) 356-2650

    2 in this area

    66 Total Sales

    Marci Kays
    Section Image
  • Eric Smilay

    Buyer's Agent in 2021

    Eric Smilay

    Nourmand & Associates-BH

    (310) 274-4000

    1 in this area

    30 Total Sales

    Eric Smilay
    Section Image

  • R

    Seller's Agent in 2018

    Raymond Rodriguez

    Equity Union

    (805) 892-8119

    36 Total Sales

    Raymond Rodriguez
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 21-684692

The MLS
California Los Angeles County Los Angeles 90029

900 N Hoover St, Los Angeles, CA

This home is located at 900 N Hoover St, Los Angeles, CA 90029 since 25 January 2021. This property was built in 1926. 900 N Hoover St is a home located in Los Angeles County with nearby schools including Lockwood Avenue Elementary School, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

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