Property Detail

Description

171 S Hoover St is a FULLY LEASED, ultra-premium 2025 built 6-unit located in ultra trendy Silver Lake Adj., just 5 minutes from countless shops and restaurants and conveniences on Sunset Blvd 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!