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29327887
29327889

171 S Hoover St, Los Angeles, CA 90004

EM
CA 01921425
Myunits.com
Listed by Myunits.com
$3,395,000
154 days on market
Updated 57 days ago

FULLY LEASED 2024, 6-UNIT | Silverlake Adj. | 5.81% Cap!

Details
APN 5501-018-016
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,174
Net Rentable (SqFt) 7,174
Units 6
Cap Rate 5.81%
NOI $197,272
Occupancy 100%
Price per SqFt $473
Broker Co-Op Yes
Year Built 2024
Lot Size (SqFt) 7,484
Zoning LAR3
Investment Type Stabilized

Multifamily | 6 Units | $565,833/unit

Marketing 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 and water (tenants pay all utilities), and extreme desirability amongst renters for years to come. This one-of-a-kind opportunity will not last long!

Listing Contacts

EM
CA 01921425
Myunits.com
Listed by Myunits.com

Valuation Calculator

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$197,272.00
$16,439.33/mo

Valuation Metrics

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DSCR
5.81%
Cap Rate
5.81%
ROI

Map

Zoning

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R3-1 ResidentialMulti FamilyMultiple Residential
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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