Realkey.ai
RealKey
‪(213) 433-7766‬

7620 S Hoover, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath

7620 S Hoover, Los Angeles, California 90044 home-pic-0
ACTIVE$950,000$3,698/sqft
7620 S Hoover, Los Angeles, California 90044
0Bed
0Bath
3,698Sqft
6,764Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: High School: Middle College High School (9/10).
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 3698, other record living area = 2884.

Compared to the nearby listings

Price:$950.0K vs avg $775.0K (+$175,000)76%
Size:3,698 sqft vs avg 2,004 sqft88%
Price/sqft:$257 vs avg $34916%

More Insights

Built in 1955 (71 years old).
Condition: The property was built in 1955, indicating an older structure. While the interior images show functional updates in the kitchen and bathroom, the style of these renovations (dark wood cabinets, speckled granite countertops, mosaic tile backsplash, and mirrored closet doors) appears to be from approximately 15-20 years ago, rather than a recent modern renovation. The flooring is a mix of wood-look tile and darker wood laminate, which is in good condition. The property is maintained and move-in ready, but the updates are not contemporary, and the age of the building suggests that major systems may be older and could require future capital expenditures, aligning with the 'Fair' condition criteria.
Year Built
1955
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$257
HOA
-
Days on market
-
Sold On
-
MLS number
CV25281839
Home ConditionFair
Features
View-

About this home

Calvary Realty is pleased to present a Section 8–backed multifamily investment located at 7620 Hoover Street, Los Angeles, CA, within the Los Angeles–Long Beach–Anaheim MSA, the second-largest metropolitan area in the nation with a population of 12.9 million. The property is offered at $950,000, representing an existing cap rate of 5.38% and a price per square foot of $256.90, positioning it as an accessible entry point into a highly coveted Los Angeles submarket. Originally built in 1955 with updates in 1965, the asset sits on 0.16 acres and consists of a single two-story concrete building totaling 3,698 rentable square feet across four units. Current physical occupancy is 75%, with stable Section 8 income providing downs ide protection and the opportunity for rental upside through improved operations and lease-up. The property is strategically located near the intersection of S Hoover Street and W 77th Street, offering excellent accessibility just adjacent to Interstate 110, which carries a daily traffic count of approximately 14,011 vehicles. Its central location places it minutes from major demand drivers, including SoFi Stadium, Intuit Dome, LA Live, the Memorial Coliseum, BMO Stadium, 4 miles south of USC, and 10 miles east of LAX. With strong visibility, proximity to major employment and entertainment hubs, and long-term housing demand fundamentals, this offering represents a compelling opportunity to acquire a stabilized income-producing asset with upside potential in one of the most resilient rental markets in the country.

T
Ta Mara Jones
Listing Agent

Nearby schools

2/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Public,•K-6•0.6mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•0.6mi
3/10
Raymond Avenue Elementary School
Public,•K-5•0.7mi
/10
Danny J. Bakewell, Sr., Primary Center
Public,•K•0.7mi
4/10
Manchester Avenue Elementary School
Public,•1-6•0.8mi
3/10
Seventy-Fifth Street Elementary School
Public,•K-6•0.8mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•1.3mi
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•1.2mi
2/10
Bret Harte Preparatory Middle School
Public,•6-8•1.3mi
1/10
Horace Mann Junior High School
Public,•6-8•1.5mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.0mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.1mi
2/10
George Washington Preparatory High School
Public,•9-12•2.5mi
9/10
Middle College High School
Public,•9-12•3.6mi
Condition Rating
Fair
The property was built in 1955, indicating an older structure. While the interior images show functional updates in the kitchen and bathroom, the style of these renovations (dark wood cabinets, speckled granite countertops, mosaic tile backsplash, and mirrored closet doors) appears to be from approximately 15-20 years ago, rather than a recent modern renovation. The flooring is a mix of wood-look tile and darker wood laminate, which is in good condition. The property is maintained and move-in ready, but the updates are not contemporary, and the age of the building suggests that major systems may be older and could require future capital expenditures, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Strategic Location & Accessibility: The property boasts excellent accessibility, being adjacent to Interstate 110 and minutes from major demand drivers like SoFi Stadium, USC, LAX, and other entertainment/employment hubs.
Stable Income & Downside Protection: As a Section 8-backed multifamily investment, it offers stable income and downside protection, appealing to investors seeking reliable cash flow.
Value-Add Opportunity: With a current physical occupancy of 75%, there's clear opportunity for rental upside through improved operations and lease-up of the vacant unit(s).
Accessible Market Entry Point: Priced at $950,000 with a $256.90 price per square foot, it represents an accessible entry point into the highly coveted and resilient Los Angeles rental market.
Multifamily Asset Type: The property is a quadruplex, a desirable multifamily asset type in a high-demand metropolitan area, offering diversification of income streams.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 3698, other record living area = 2884.
Sub-optimal Occupancy Rate: The current 75% physical occupancy indicates immediate vacancy in one of the four units, impacting current income and requiring effort to stabilize.
Property Age & Potential Capital Expenditures: Originally built in 1955 with updates in 1965, the property's age suggests potential for aging infrastructure and future capital expenditures for systems and renovations.
Low-Rated Local Schools: Several nearby public schools have low ratings (1-3 out of 10), which could be a deterrent for family-oriented tenants seeking quality education options.
Browse Properties by State Browse housing market trends by state