
Los Angeles, California 90044
This Mixed-Use Value-Add Asset presents a Strong Value Opportunity with a List Price of $849,000—positioned well below the $907,901 Fair Market Value by 6%. This valuation gap provides $58,901 in Instant Equity. Featuring a Condition Rating of 5, the 1921-built structure requires modernization but currently generates $6,300 monthly gross income across three distinct streams. With LAC2 Zoning, a panoramic skyline view, and a high-visibility corner lot, the property offers significant upside through retail repositioning. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Users seeking operational flexibility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6500 S Hoover Subject | $785,000* List Price | 0 | 0 | 2,854 | $318 | - |
A 726 W 76th Active Under Contract | $1,049,000 List Price | 0 | 0 | 2,864 | $366 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1921, this century-old mixed-use property is significantly dated. While currently functional and income-producing, the lack of interior photos or documented renovations suggests the kitchen, baths, and major systems (HVAC/Electric) likely require a full rehab to meet modern standards and safety codes.
High School: Middle College High School (9/10).
The property features a unique mix of retail, a detached 3-bedroom house, and storage, providing three separate revenue sources on a single lot to mitigate vacancy risk.
With the retail tenant on a month-to-month lease, a buyer has the immediate flexibility to occupy the storefront for their own business or reposition the asset for higher market rents.
Originally built in 1921, the aging structure may require substantial ongoing maintenance or costly system updates to meet modern building standards.
Most assigned public schools in the immediate vicinity carry low performance ratings, which could affect the long-term desirability for residential tenants with families.
6500 S Hoover Street offers a rare opportunity for a neighborhood market operator to acquire a retail location while offsetting a significant portion of the ownership cost with existing residential and storage income. The month-to-month retail tenancy provides flexibility to occupy the storefront shortly after closing or continue collecting income while planning a transition. The property consists of a retail storefront, a detached 3-bedroom, 2-bath residence, and two storage areas situated on a 6,569-square-foot LAC2-zoned corner parcel. The property is legally recognized as a three-unit asset and is improved with two separate buildings, allowing the residential component to operate independently from the commercial space. The property currently generates income from the retail space, residence, and one storage area, while a second, fully remodeled storage space remains vacant, providing an immediate lease-up opportunity. During marketing preparation, this additional storage area was identified as a separately utilized rental space. While not separately identified as a legal unit, it has historically functioned as an independent storage rental. Whether acquired by an owner-user or an investor, the combination of immediate cash flow, retail control, and additional lease-up potential creates multiple execution paths without relying on speculative redevelopment or extensive renovation.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.3 mi
Grades K-6 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 1.0 |
| Square foot | 2,854 | 2,864 |
| Lot Size | 6,571 | 7,003 |
| Price | $785.0K | $1.58M |
| Price per sq ft | $275 | $319 |
| Built year | 1921 | 1929 |
| HOA | $0 | $907 |
| Days on market | 77 | 91 |
Jul 10, 2026
$785,000
$849,000
-8% Price Drop
Initial Listing
May 6, 2026
$849,000
Initial Listing
Dec 20, 2004
$200,000
Public Record
Feb 12, 2002
$130,000
Public Record
Feb 3, 1997
$1,000
Public Record
Feb 3, 1997
$5,000
Public Record