6500 S Hoover, Los Angeles, CA 90044
6500 S Hoover, Los Angeles, CA 90044
6500 S Hoover, Los Angeles, CA 90044
6500 S Hoover, Los Angeles, CA 90044
6500 S Hoover, Los Angeles, CA 90044
6500 S Hoover, Los Angeles, CA 90044
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Douglas Edward Christensen

Douglas Edward Christensen

+1(310) 809-1762
$ 730,000
Est. payment | /mo

6,568 Sqft Lot

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$ 730,000
Est. payment | /mo
Save Virtual Tour

6,568 Sqft Lot

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26098653

HOA Y/N No

Year Built 1921

Lot Size 6,568 Sqft

Property Sub-Type Mixed Use

Property 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.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Street Lights, Urban

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6013015009

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Virtual Tour https://www.youtube.com/watch?v=A3zQbr-905Y

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Alexandro Colombo Keller Williams Coastal Prop. 310-978-7950, DRE #01927702

Nearby Locations

Douglas Edward Christensen
Douglas Edward Christensen

Agent License ID: DRE#02023675

+1(310) 809-1762 | doug.edward.christensen@gmail.com

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6500 S Hoover