6500 S Hoover, Los Angeles, California 90044, Los Angeles, 90044 - 0 bed, 0 bath
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6500 S Hoover
Los Angeles, California 90044
ACTIVE
CONDITION: POOR
0Beds
0Baths
2,854Sq Ft
6,571Lot Size
Property Price
LIST PRICE$730,000
EST. MARKET VALUE
$907,901
6% BelowMARKET VALUE
SUMMARY
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.
Estimated Market Value
$907,901+$177,901 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6500 S Hoover Subject | $730,000* 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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
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.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Middle College High School (9/10).
- Diversified Income Streams
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.
- Operational Flexibility
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.
CONSRISKS & DEFICIENCIES
- Century-Old Construction
Originally built in 1921, the aging structure may require substantial ongoing maintenance or costly system updates to meet modern building standards.
- Low-Rated Local Schools
Most assigned public schools in the immediate vicinity carry low performance ratings, which could affect the long-term desirability for residential tenants with families.
About 6500 S Hoover
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.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1921
- Lot Size
- 6,571 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-Eighth Street Elementary School
Grades K-6 • 0.2 mi
4/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Grades K-6 • 0.3 mi
2/10
Sixty-First Street Elementary School
Grades K-6 • 0.4 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 1.3 |
| Square foot | 2,854 | 4,065.4 |
| Lot Size | 6,571 | 6,744.9 |
| Price | $730.0K | $1.13M |
| Price per sq ft | $256 | $262 |
| Built year | 1921 | 1939 |
| HOA | $0 | $907 |
| Days on market | 126 | 110 |
Pricing History
Listed for Sale
Sep 5, 2026
$730,000
$785,000
-7% Price Drop
Initial Listing
Price Change
Jul 10, 2026
$785,000
$849,000
-8% Price Drop
Initial Listing
Price Change
May 6, 2026
$849,000
Initial Listing
Sold
Dec 20, 2004
$200,000
Public Record
Sold
Feb 12, 2002
$130,000
Public Record
Sold
Feb 3, 1997
$1,000
Public Record
Sold
Feb 3, 1997
$5,000
Public Record