5914 S Hoover, Los Angeles, California 90044, Los Angeles, 90044 - 0 bed, 0 bath
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5914 S Hoover
Los Angeles, California 90044
ACTIVE
CONDITION: FAIR
0Beds
0Baths
4,766Sq Ft
4,733Lot Size
Property Price
LIST PRICE$1,150,000
EST. MARKET VALUE
$1,200,257
4% BelowMARKET VALUE
SUMMARY
This 6-unit multifamily property presents a High-Potential Investment Opportunity with a List Price of $1,150,000—positioned well below the $1,200,257 Fair Market Value by 4%. This valuation gap offers $50,257 in Instant Equity. Featuring a 2-bedroom, 1-bathroom unit mix with assigned parking, the property maintains a Condition Rating of 4, indicating a stable asset with significant upside for cosmetic updates. Ideally located near major employment hubs, this is a stable income-producing asset perfect for Buy-and-Hold Investors or Owner-Occupants seeking to leverage market-rate rental potential.
Estimated Market Value
$1,200,257+$50,257 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1957, this property is over 60 years old and lacks mention of recent renovations to kitchens, baths, or major systems. While described as a stable income-producing asset, the 'upside potential' indicates the units are likely dated and require cosmetic and system updates to achieve market rents.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Middle College High School (9/10).
- High-Demand Unit Mix & Parking
The property features a consistent 2-bedroom, 1-bathroom layout across all six units, complemented by rare assigned parking for every tenant, significantly boosting rental appeal in a dense urban area.
- Strategic Investment Location
Centrally located near Downtown Los Angeles, SoFi Stadium, and the Intuit Dome, the property is positioned in a high-growth area with strong rental demand and excellent freeway access.
CONSRISKS & DEFICIENCIES
- Underperforming School District
The majority of local public schools serving the address carry low ratings (2/10 to 3/10), which may limit the property's attractiveness to long-term family tenants prioritizing education.
- Vintage Infrastructure & High Density
Constructed in 1957 on a compact lot, the property may require ongoing capital expenditures for aging systems and offers minimal common outdoor space for residents.
About 5914 S Hoover
Excellent investment opportunity with this 6-unit multifamily property located at 5914 S Hoover Ave. The property features six well-designed units, each offering 2 bedrooms and 1 bathroom, along with one assigned parking space per unit — a major value add in the area. 1 unit potential for owner-occupants or investors looking to set market rent. The remaining units offer a solid layout ideal for long-term tenancy. Centrally located with close proximity to major freeways, Downtown Los Angeles, SoFi Stadium, and the Intuit Dome, making this a highly desirable rental location with strong demand. A great opportunity to acquire a stable income property in a prime Los Angeles location with upside potential.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1957
- Lot Size
- 4,733 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Sixty-First Street Elementary School
Grades K-6 • 0.3 mi
3/10
Budlong Avenue Elementary School
Grades K-5 • 0.5 mi
3/10
Sixty-Eighth Street Elementary School
Grades K-6 • 0.6 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 11.0 |
| Baths | 0.0 | 5.7 |
| Square foot | 4,766 | 4,165.789 |
| Lot Size | 4,733 | 6,696 |
| Price | $1.15M | $956.9K |
| Price per sq ft | $241 | $273 |
| Built year | 1957 | 1937 |
| HOA | $0 | $907 |
| Days on market | 56 | 134 |
Pricing History
Listed for Sale
Sep 14, 2026
$1,150,000
Initial Listing
Sold
Mar 31, 2022
$1,200,000
Public Record
Sold
Nov 25, 2020
$1,055,000
Public Record
Sold
Jun 27, 2017
$805,000
Public Record