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7427 S Hoover Street, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath

7427 S Hoover Street, Los Angeles, California 90044 home-pic-0
ACTIVE$859,000
7427 S Hoover Street, Los Angeles, California 90044
0Bed
0Bath
2,531Sqft
5,790Lot
Year Built
1940
Close
-
List price
$859K
Original List price
$899K
Price/Sqft
$339
HOA
-
Days on market
-
Sold On
-
MLS number
SB25105283
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $859.0K(72th), sqft - 2531(66th), beds - undefined(50th), baths - undefined(50th).

Fully Occupied 4-Unit Investment Property on a Corner Lot! Exceptional opportunity to own a fully occupied, income-producing 4-unit property in a rapidly transforming area of Los Angeles! Each unit features 1 bedroom and 1 bathroom, along with its own dedicated 1-car garage and washer and dryer hookups in each unit—a rare and desirable amenity for tenants. The landlord currently covers water. With the potential to generate high rental income based on current payment standards, this property offers a standout return in today's market. Perfect for investors seeking steady, passive income and consistent cash flow. Located in a booming development LA area, just minutes from major attractions including LA Live, SoFi Stadium, the new Intuit Dome, The Kia Forum, BMO Stadium, USC, and Downtown Los Angeles, this property sits in the heart of growth and opportunity. Whether you're expanding your portfolio or entering the market for the first time, this is an investment you won't want to miss.

Nearby schools

2/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Public,•K-6•0.4mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•0.5mi
3/10
Raymond Avenue Elementary School
Public,•K-5•0.6mi
3/10
Seventy-Fifth Street Elementary School
Public,•K-6•0.9mi
/10
Danny J. Bakewell, Sr., Primary Center
Public,•K•0.9mi
4/10
Manchester Avenue Elementary School
Public,•1-6•0.9mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•1.4mi
3/10
La Salle Avenue Elementary School
Public,•K-5•1.4mi
3/10
Loren Miller Elementary School
Public,•K-6•1.6mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•1.0mi
2/10
John Muir Middle School
Public,•6-8•1.0mi
2/10
Bret Harte Preparatory Middle School
Public,•6-8•1.4mi
1/10
Horace Mann Junior High School
Public,•6-8•1.4mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•0.9mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.0mi
2/10
George Washington Preparatory High School
Public,•9-12•2.6mi
9/10
Middle College High School
Public,•9-12•3.8mi

Price History

Date
Event
Price
08/20/25
Price Change
$859,000
05/13/25
Listing
$899,000
12/16/14
Sold
$404,000
01/18/06
Sold
$437,500
Condition Rating
Poor
Built in 1940, this property shows significant signs of age and deferred maintenance. The kitchen features very dated orange-toned cabinets, old countertops, and basic fixtures, indicating a need for a full renovation. Flooring is a mix of worn carpet and older laminate. Light fixtures are basic and outdated. There's no visible central cooling, and the overall interior aesthetic is far from modern. While occupied, the units require substantial rehabilitation to meet current living standards, particularly in the kitchen and likely the bathrooms (no images provided, which is often a red flag).
Pros & Cons

Pros

Income-Producing & Occupancy: Fully occupied 4-unit property, providing immediate and stable rental income for investors.
Investment Type & Diversification: A quadruplex (4-unit residential income property) offering multiple income streams and portfolio diversification.
Tenant Appeal & Amenities: Each unit includes a dedicated 1-car garage and in-unit washer/dryer hookups, highly desirable amenities that attract and retain quality tenants.
Strategic Location & Growth Potential: Situated on a corner lot in a rapidly transforming Los Angeles area, close to major attractions and development, indicating strong appreciation and rental demand.
Cash Flow Potential: Advertised with potential to generate high rental income based on current payment standards, promising strong cash flow and return on investment.

Cons

Operating Expenses: The landlord currently covers water expenses, which adds to ongoing operating costs and reduces net income.
Property Age & Maintenance: Built in 1940, the property's age may lead to higher maintenance requirements and potential need for system upgrades (e.g., plumbing, electrical, HVAC).
Market Perception / Price History: The recent price reduction from $899,000 to $859,000 could suggest initial overpricing or market resistance, potentially impacting buyer perception.

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