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5700 S Hoover Street

Los Angeles (City), CA 90037
  • $4,000,000
  • STATUS: Active
  • ON SITE: 249 Days
  • ID#: SR22161051
UPDATED: 218 min ago
$4,000,000
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
C42 - Downtown L.A.
Type:
Commercial
Built:
1939
County:
Los Angeles
Area:
C42 - Downtown L.A.

School Ratings & Info

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Listing Agent(s): Mahmud Ulkarim of Megna Real Estate Services (818-324-0919)


Description

Sold in conjunction with 5710 S Hoover Street. Philanthropic institution -Temporary Housing. Great building for city to acquire this to house low income people or homeless people.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-28T00:27:15.203. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
www.teamforss.com/homes/131151843
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5700 S Hoover Street Los Angeles (City), CA 90037

  • Price: $4,000,000
  • Status: Active
  • On Site: 249 Days
  • Updated: 218 min ago
  • ID#: SR22161051
0
Beds
0
Baths
0
½ Baths
0.26
Acres
1939
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
Sold in conjunction with 5710 S Hoover Street. Philanthropic institution -Temporary Housing. Great building for city to acquire this to house low income people or homeless people.
Exterior Features

Construction Materials Stucco Lot Features 0-1 Unit/AcreNo LandscapingNear Public Transit Parking Total 6 Roof Flat Sign On Property YN No

Interior Features

Building Features Phone SystemTv System Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Business Type Multi-TenantReal Estate Cap Rate 6.8 Common Interest None Current Financing Conventional Electric Electricity - On Property Electric Expense 3000 Gross Scheduled Income 444000 Land Lease YN No Laundry Features Laundry Room Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanCash To New LoanConventional Maintenance Expense 11000 Net Operating Income 340800 Number Of Units Leased 37 Operating Expense 81000 Property Sub Type Office Security Features Key Card Entry Special Listing Conditions Standard Supplies Expense 4500 Tax Annual Amount 12100 Tax Year 2021 Trash Expense 4800 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedWater Connected Vacancy Allowance 22200 Vacancy Allowance Rate 5 Water Sewer Expense 3600 Water Source Public Zoning Lac2



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-28T00:27:15.203. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
 
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Team Forss Realty Group
31213 Temecula Parkway
Temecula CA, 92592
Listing Agent(s): Mahmud Ulkarim of Megna Real Estate Services (818-324-0919)