6500 S Hoover, Los Angeles, California 90044, Los Angeles, 90044 - 0 bed, 0 bath
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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 | $849,000* 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 is a corner mixed-use property consisting of retail, a detached 3-bedroom/2-bath house, and a separate storage component, creating three distinct income streams on one site. The property currently produces approximately $6,300/month in gross income, with the retail tenant operating on a month-to-month basis. This creates a rare combination of existing cash flow and near-term control for a future owner. The site includes approximately 2,854 SF of building area on a 6,569 SF LAC2-zoned lot with on-site parking and strong visibility along Hoover Street. The layout allows a buyer to maintain income while repositioning the retail component, occupy the storefront for their own use, or continue operating the property as a stabilized mixed-use investment. Simple structure. Multiple revenue streams. Clear operational flexibility.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,854 | 4,918 | 33% |
| Lot Size | 6,571 | 8,263 | 33% |
| Price | $849.0K | $1.18M | 33% |
| Price per sq ft | $297 | $297 | 50% |
| Built year | 1921 | 1950 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 89 | 33% |
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