972 S Hoover, Los Angeles, California 90006, Los Angeles, 90006 - 0 bed, 0 bath
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972 S Hoover
Los Angeles, California 90006
ACTIVE
CONDITION: POOR
0Beds
0Baths
4,148Sq Ft
3,208Lot Size
Property Price
LIST PRICE$950,000
EST. MARKET VALUE
$939,443
SUMMARY
This 4-unit multifamily property presents a High-Potential Investment Opportunity with a List Price of $950,000—positioned slightly above the $939,443 Fair Market Value. While the property requires capital improvements due to its Fair Condition Rating, the Versatile Unit Mix of 1-bedroom and 2-bedroom units ensures strong rental demand in the Westlake neighborhood. This Buy-and-Hold Asset offers significant upside for Value-Add Investors and Experienced Developers capable of modernizing vintage infrastructure to maximize long-term cash flow and property appreciation.
Estimated Market Value
$939,443
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 |
|---|---|---|---|---|---|---|
★ 972 S Hoover Subject | $950,000* List Price | 0 | 0 | 4,148 | $226 | - |
A 1845 W 12th Active | $1,199,000 List Price | 0 | 0 | 4,258 | $282 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Originally built in 1915, this property is over 100 years old with no mention of recent renovations to kitchens, bathrooms, or critical systems like HVAC and electric. The exterior shows signs of significant age and deferred maintenance, and the listing is marketed as an investment opportunity, typically indicating a need for a full interior rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Unit Mix
The property features a balanced configuration of two 1-bedroom and two 2-bedroom units, catering to a wide range of tenant profiles in the high-demand Westlake rental market.
- Strategic Urban Location
Situated in the established Westlake neighborhood near Downtown Los Angeles, the property offers excellent proximity to major employment hubs and public transit, ensuring low vacancy risks.
- Substantial Building Scale
With approximately 4,148 square feet of living space, the building offers a significant footprint for a quadruplex, providing spacious unit interiors that can command competitive market rents.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1915, the property likely requires ongoing maintenance and potential capital improvements to modernize aging systems and meet contemporary building standards.
- Limited Lot and Parking Utility
The small 3,208-square-foot lot results in a high building-to-land ratio, necessitating tandem parking which may be less convenient for tenants and limits outdoor common space.
About 972 S Hoover
Welcome to 972 Hoover St, a well-positioned 4-unit apartment property located in the Westlake neighborhood of Los Angeles. Originally built in 1915, this approximately 4,148-square-foot building features a desirable unit mix of two 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units. The property offers gated access and tandem parking spaces along the side of the building. With a convenient Los Angeles location and a practical unit configuration, this property presents an excellent opportunity for investors looking to own a multifamily asset in an established neighborhood.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1915
- Lot Size
- 3,208 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 4,148 | 2,187.451 |
| Lot Size | 3,208 | 5,841.385 |
| Price | $950.0K | $841.5K |
| Price per sq ft | $229 | $385 |
| Built year | 1915 | 1928 |
| HOA | $0 | $0 |
| Days on market | 9 | 85 |
Pricing History
Listed for Sale
Aug 31, 2026
$950,000
Initial Listing
Sold
Apr 22, 2021
$818,000
Public Record
Sold
Nov 25, 2014
$300,000
Public Record
Sold
Apr 1, 2011
$440,000
Public Record
Sold
Apr 16, 2008
$2,036,363
Public Record
Sold
Mar 12, 2007
$405,000
Public Record