5930 S Hoover, Los Angeles, California 90044

Huge 750k Price Reduction! 80% Empty 15-Unit Fixer with 12 Unoccupied units priced at only 194k/door with a 7.1% Cap Rate after renovations. Fully Approved RTI Plans to convert the current 5 Empty units into 10 available to rent units plus 2 ADUs in the back. Incredible Current Cap Rate of 7.1% and 10.7 GRM after renovations with 35% upside to 10.2% Cap Rate & 8 GRM on the proforma. Excellent up-and-coming location minutes from Banc of California Stadium, USC, & Inglewood. Individually metered for Gas & Electricity. Large 10,268 SF C2 Lot for future redevelopment. Price/Unit, Price/SF, Cap Rate & GRM are based on Total Price for sake of conservatism, which includes the remodeling cost of 10 Empty units 3,600 SF at 125/SF (450k) plus construction cost of 2 ADUs 850 SF at 250/SF​​‌​​​​‌​​‌‌​‌‌​​​‌‌​‌​‌​‌​​​‌​​ (210k).