6500 S Hoover St
Mixed Use | Month-to-month retail + house + 2 storages
Marketing description
6500 S Hoover Street offers a rare opportunity for a neighborhood market operator to acquire a retail location while offsetting a significant portion of the ownership cost with existing residential and storage income. The month-to-month retail tenancy provides flexibility to occupy the storefront shortly after closing or continue collecting income while planning a transition.
The property consists of a retail storefront, a detached 3-bedroom, 2-bath residence, and two storage areas situated on a 6,569-square-foot LAC2-zoned corner parcel. The property is legally recognized as a three-unit asset and is improved with two separate buildings, allowing the residential component to operate independently from the commercial space.
The property currently generates income from the retail space, residence, and one storage area, while a second, fully remodeled storage space remains vacant, providing an immediate lease-up opportunity. During marketing preparation, this additional storage area was identified as a separately utilized rental space. While not separately identified as a legal unit, it has historically functioned as an independent storage rental.
Whether acquired by an owner-user or an investor, the combination of immediate cash flow, retail control, and additional lease-up potential creates multiple execution paths without relying on speculative redevelopment or extensive renovation.
Investment highlights
- Owner-User Opportunity — Residential and storage income help offset ownership costs while operating the retail business.
- Month-to-Month Retail Lease — Flexibility to occupy the storefront or reset rents shortly after closing.
- Four Income Components — Retail storefront, detached residence, one leased storage space, and one vacant storage space.
- Vacant Storage Lease-Up Opportunity — Additional storage area currently vacant, providing immediate income potential.
- Detached 3BR / 2BA Residence — Independent residential access with stable in-place income.
- Eleven On-Site Parking Spaces — Dedicated parking supporting the commercial component.
- Corner Location on Hoover Street — High visibility for neighborhood retail operations.
- Low Utility Burden — Tenants pay the majority of utilities.
- LAC2 Zoning — Supports continued mixed-use use and operational flexibility.
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