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1200 S Hoover St
Los Angeles, CA 90006

$9,600,000 USD

Apartments For Sale  •  41,172 SF

Property Details

• Property Type Apartments
• Total Building Size 41,172 SF
• Lot Size 0.3 AC
• Building Class B
• Year Built 1924
• Zoning R4-1

77 Transit Score

93 Walk Score

Highlights

Excellent value-add investment opportunity with strong cash flow and substantial upside potential.

Desirable unit mix of (63) studios, (4) 1+1 all separately metered for electricity.

Additional income being generated from on-site laundry and storage.

Property features controlled access, storage, well-designed units, and outdoor seating area.

Opportunity to increase revenue by implementing a RUBS program to charge back for utilities.

Adjacent property at 1209 S Lake & 2210 W 12th St is also for sale (94 Units & 6,000 SF Parking Lot).

Amenities

• Air Conditioning
• Controlled Access
• Disposal
• Laundry Facilities
• Security System
• Gated
• Heating
• Ceiling Fans
• Kitchen
• Refrigerator
• Oven
• Range
• Walk-In Closets

Public Transportation

Commuter Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	8 min	-	3.7 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	10 min	-	4.0 mi
Transit/Subway	Drive	Walk	Distance
Westlake/Macarthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	15 min	0.8 mi
Airport	Drive	Walk	Distance
Los Angeles International	23 min	-	13.5 mi
Bob Hope	23 min	-	13.7 mi
Long Beach (Daugherty Field)	30 min	-	22.5 mi