UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26014422
HOA Y/N No
Year Built 2025
Annual Tax Amount $40,312
Lot Size 7,483 Sqft
Property Sub-Type Quadruplex
Property Description
This prime 6-unit will be delivered fully leased at a real 5.81% cap rate: a dream come true for 1031 exchange buyers! 171 S Hoover St is made up of three large 4-bedroom, two 2-bedroom, and one 3-bedroom tri-level townhome style unit! The property boasts 10 parking spots, all conveniently organized in carports (highly desirable by tenants) plus two bonus spots accessed by the front driveway. The excellent location, paired with the upscale modern units will make for quick, easy rentals time and time again!
These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to designer tiles, all kitchen appliances included, large waterfall islands, modern glossy cabinets, high ceilings, huge closets, countless windows everywhere you look allowing for maximum light, natural wood waterproof vinyl, and more! In addition to the high return, buyers will enjoy other perks including tons of parking, tastefully designed drought tolerant landscaping, a 1-year builder's warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas and electric with 1 water meter that is sub metered (tenants pay all utilities), and extreme desirability amongst renters for years to come. This one-of-a-kind opportunity will not last long!
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Interior
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Electric Oven, Gas Range, Microwave, Refrigerator
Laundry Inside
Exterior
Carport Spaces 10
Pool None
Community Features Sidewalks
View Y/N Yes
View Neighborhood
Total Parking Spaces 10
Private Pool No
Building
Lot Description Landscaped
Story 3
Sewer Public Sewer
Water Public
New Construction Yes
Others
Senior Community No
Tax ID 5501018016
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
- 10
Ivanhoe Elementary
Public | KG - 5
- 9
Citizens of the World Charter
Public | KG - 8
- 9
Equitas Academy Charter
Public | KG - 5
- 9
Gabriella Charter
Public | KG - 8
- 8
Los Feliz STEMM Magnet School
Public | KG - 6
- 8
Hoover Street Elementary
Public | KG - 5
- 8
Franklin Avenue Elementary
Public | KG - 5
- 8
Clifford Street Math & Technology Magent
Public | KG - 6
- 8
Allesandro Elementary School
Public | PK - 5
- 7
Cheremoya Avenue School
Public | PK - 6
- 7
Hollywood Primary Center
Public | KG - 3
- 7
Dr. Sammy Lee Medical and Health Science Magnet
Public | KG - 5
- 7
Equitas Academy Charter #2
Public | 5 - 8
- 7
Celerity Octavia Charter
Public | KG - 8
- 6
Wilshire Park Elementary
Public | KG - 5
- 6
Van Ness Avenue Elementary
Public | KG - 5
- 6
Kim Elementary School
Public | KG - 5
- 6
Cahuenga Elementary School
Public | KG - 5
- 6
Downtown Value
Public | KG - 8
- 6
Micheltorena Elementary
Public | KG - 5
- 8
Rise Kohyang Middle School
Public | 6 - 8
- 7
Alliance Gertz-Ressler Richard Merkin 6-12 Complex
Public | 6 - 12
- 6
Virgil Middle School
Public | 6 - 8
- 6
Thomas Starr King Middle School
Public | 6 - 8
- 6
New Designs Charter
Public | 6 - 12
- 6
Irving STEAM Magnet
Public | 6 - 8
- 5
Pico Pico Middle School
Public | 6 - 8
- 4
Joseph Le Conte Middle School
Public | 6 - 8
- 4
RFK Community Schools - Ambassador School of Global Leadership
Public | 6 - 12
- 4
Los Angeles Academy of Arts & Enterprise Charter
Public | 6 - 12
- 4
Vista Charter Middle School
Public | 6 - 8
- 4
Alliance College-Ready Middle Academy No. 12
Public | 6 - 8
- 2
Monsenor Oscar Romero Charter Middle School
Public | 6 - 8
- 1
Johnnie Cochran Jr. Middle School
Public | 6 - 8
- 1
Apex Academy
Public | 7 - 12
- 1
Berendo Middle School
Public | 6 - 8
- 1
Young Oak Kim Academy
Public | 6 - 8
- 1
John Liechty Middle School
Public | 6 - 8
- 1
Sal Castro Middle School
Public | 6 - 8
- 1
Para los Ninos Middle School
Public | 6 - 8
- 9
Alliance Dr. Olga Mohan High School
Public | 9 - 12
- 9
Downtown Business High School
Public | 9 - 12
- 8
John Marshall High School
Public | 9 - 12
- 8
Orthopaedic Hospital
Public | 9 - 12
- 8
Alliance Environmental Science and Technology High School
Public | 9 - 12
- 7
Frederick Douglass Academy High School
Public | 9 - 12
- 7
STEM Academy of Hollywood
Public | 9 - 12
- 7
Central City Value
Public | 9 - 12
- 7
Camino Nuevo High No. 2
Public | 9 - 12
- 7
Alliance College-Ready Academy High No. 16
Public | 9 - 12
- 7
Ramon C. Cortines School of Visual and Performing
Public | 9 - 12
- 6
Usc Hybrid High School
Public | 9 - 12
- 5
Belmont Sh-la Teacher Preparatory Academy
Public | 9 - 12
- 5
Camino Nuevo Charter High School
Public | 9 - 12
- 5
Roybal Learning Center
Public | 9 - 12
- 4
RFK Community Schools - Los Angeles High School of the Arts
Public | 9 - 12
- 4
Santee Education Complex
Public | 9 - 12
- 4
Miguel Contreras Learning Complex - School of Business & Tourism
Public | 9 - 12
- 3
Belmont High School
Public | 9 - 12
- 3
Miguel Contreras Learning Complex - Academic Leadership Community
Public | 9 - 12
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David Burchell
Team Leader & Realtor | License ID: #02033130
Team Leader & Realtor License ID: #02033130