6812 S Hoover, Los Angeles, California 90044, Los Angeles, 90044 - 0 bed, 0 bath
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This triplex presents a High-Potential Investment Opportunity with a List Price of $600,000—positioned well below the $597,633 Fair Market Value (priced at market). With a Condition Rating of 5, the property requires a full rehab to modernize its 1929 structure. Recent plumbing upgrades provide a solid foundation for value-add strategies. The large lot size offers significant redevelopment potential, while the vacant unit allows for immediate repositioning. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6812 S Hoover Subject 0 bd · 0 ba · 1,500 sqft · $398 | $600,000* List Price | 0 | 0 | 1,500 | $398 | - |
A 651 W Gage Sold 0 bd · 0 ba · 1,622 sqft · $481 · 0.3 mi | $780,000 | 0 | 0 | 1,622 | $481 | 0.3 mi |
B 639 W Gage Avenue Sold 0 bd · 0 ba · 1,830 sqft · $344 · 0.3 mi | $630,000 | 0 | 0 | 1,830 | $344 | 0.3 mi |
C 1300 W 71st Sold 0 bd · 0 ba · 1,850 sqft · $389 · 0.7 mi | $720,000 | 0 | 0 | 1,850 | $389 | 0.7 mi |
D 600 W 61st Street Active 0 bd · 0 ba · 1,478 sqft · $423 · 0.5 mi | $625,000 List Price | 0 | 0 | 1,478 | $423 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1929 with no recorded kitchen or bathroom renovations; long-term tenants (20+ years) suggest significantly dated interiors. While $21,000 was recently spent on plumbing, the marketing focus on lot size and redevelopment 'possibilities' indicates the structure likely requires a full rehab to meet modern standards.
High School: Middle College High School (9/10).
The property features a generous lot size with significant potential for expansion or redevelopment, mirroring successful neighboring projects and offering a high ceiling for long-term appreciation.
With over $21,000 recently invested in redoing the plumbing, the property benefits from improved system reliability and reduced immediate capital expenditure for the new owner.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1500, other record living area = 2093.
Long-term tenants of over 20 years likely pay significantly below market rent, and Los Angeles rent stabilization ordinances may present challenges in adjusting income to current market levels.
Built in 1929, the property may require ongoing maintenance and further modernization of its structural and mechanical systems to meet contemporary standards and tenant expectations.
Check out the property next door, and see what they did with that lot. Look at the size of our lot and think of the possibilities. Owned by the same family for many years because of health reasons, they have to let this one go. Two of the tenants have been there for over 20 years on a month-to-month basis. One unit is still vacant. You can buy this one as owner-occupied, or you can invest in it and rent all 3. The owner invested over 21,000 last year redoing the plumbing.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 0.2 mi
Grades K-6 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 1,500 | 2,090.331 |
| Lot Size | 5,254 | 5,852.908 |
| Price | $600.0K | $830.9K |
| Price per sq ft | $400 | $394 |
| Built year | 1929 | 1928 |
| HOA | $0 | $0 |
| Days on market | 3 | 87 |
Nov 6, 2026
$600,000
Initial Listing
Mar 6, 2017
$380,000
Public Record
May 1, 2014
$250,000
Public Record
Dec 16, 2002
$140,500
Public Record
Mar 5, 2002
$249,926
Public Record
Dec 3, 1999
$230,000
Public Record
Jul 9, 1999
$95,500
Public Record