Property Detail

Description

We are pleased to present 6600 S Hoover Ave, a 10-unit mixed-use property in Los Angeles, offered at a 6.80 GRM and an 9.11% CAP on current rents, assuming market rents for the 4 vacant units. Offered at a low $240/square foot, the property is comprised of three separate buildings offering of a total of 6,254 rentable square feet. The front building consists of two commercial units and four residential units followed by two duplexes in the rear on W 66th Street. Built in 1924, the property sits on a 5,257 square foot LAC2-zoned corner lot. The unit mix features two (2) ground level commercial units and eight (8) one-bedroom one-bathroom units. One (1) commercial unit and three (3) one-bedroom units will be delivered VACANT. Located on the corner of S Hoover St and W 66th St, this property is located five blocks west of the 110 Freeway as well as a number of bus stops. Nearby community establishments include The Family, Totorame Market Cafe, Paseo San Miguel, The Breakfast Shack, Nicapersian Saffron Food, La Chancla Night Market and more. Contact the listing broker for additional information.