New Listing
6500 S Hoover,Los Angeles, CA 90044
Los Angeles, CA 90044
Description
NOW $730,000. Mixed-use property consisting of a retail storefront, detached 3BR/2BA residence and two storage spaces. Current gross income is $76,800/year, with the retail tenant paying $2,700/month on a month-to-month basis, the residence at $3,100/month and one storage space at $600/month. The second storage space has been fully remodeled and is currently vacant, creating an immediate lease-up opportunity with a target rent of $750/month. Leasing the vacant storage increases gross income to $85,800/year, with full pro forma gross income of $99,600/year. The month-to-month retail tenancy gives a buyer flexibility to retain the existing tenant, re-lease the storefront or pursue owner occupancy. Property includes 11 on-site parking spaces, ±2,854 SF of improvements on a ±6,569 SF lot and LAC2 zoning. $119,000 price reduction from the original asking price. Existing income, immediate lease-up and control of the retail component at a $730,000 entry price.
Details
| MLS # | PW26199476 |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Active |
| Year | 1921 |
| Days On Site | 3 |
| Listing Provided By | Keller Williams Coastal Prop. | Alexandro Colombo |
Features
| SQ Feet | 2,854 |
|---|---|
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 2 |
| Acreage | 0.15 |
Exterior
| Lot Features | Two To Five Units Acre |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90044 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90044) | |
Price: $730,000 low | high Med: $996,500 sqft: 2,854 low | high Med: 3,062 $ / sqft: $256 low | high Med: $336 On site: 3 low | high Med: 41 | |
Market Activity 90044
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90044 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90044) | |
Price: $730,000 low | high Med: $996,500 sqft: 2,854 low | high Med: 3,062 $ / sqft: $256 low | high Med: $336 On site: 3 low | high Med: 41 | |
