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    900 N Hoover Street

    Los Angeles (City), CA 90029
    • $3,695,000
    • STATUS: Pending
    • ON SITE: 86 days
    • ID#: 21684692
    Pending
    UPDATED: 203 min ago
    $3,695,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,662
      SQFT
    • $482
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1926
    County:

    School Ratings & Info

    Description

    This trophy six-unit income property offering over a 5% CAP rate, 13.6 GRM and not subject to RSO, is ideally located just blocks from Sunset Junction in trendy Silver Lake. Originally constructed in 1926, then converted to apartments in 2013 and has since undergone a complete renovation with updated systems including roof, plumbing, electrical, and heating and air conditioning. The Sanctum Artiste is an exclusive offering featuring stylishly redesigned units. Each two-bedroom, two-bathroom loft-style unit maintains elements of historical features of stained-glass windows and hardwood floors. All kitchens and baths have been modernized with stainless steel appliances. Washer and dryer in each unit. Gated parking with 8 spots. Fully occupied and separately metered, this is a one-of-a-kind and rare opportunity, not to be missed.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-22T19:43:38.973. 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/113616714
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    900 N Hoover Street Los Angeles (City), CA 90029

    • Price: $3,695,000
    • Status: Pending
    • Updated: 203 min ago
    • ID#: 21684692
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    7,662
    SQFT
    $482
    $/SQFT
    1926
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    This trophy six-unit income property offering over a 5% CAP rate, 13.6 GRM and not subject to RSO, is ideally located just blocks from Sunset Junction in trendy Silver Lake. Originally constructed in 1926, then converted to apartments in 2013 and has since undergone a complete renovation with updated systems including roof, plumbing, electrical, and heating and air conditioning. The Sanctum Artiste is an exclusive offering featuring stylishly redesigned units. Each two-bedroom, two-bathroom loft-style unit maintains elements of historical features of stained-glass windows and hardwood floors. All kitchens and baths have been modernized with stainless steel appliances. Washer and dryer in each unit. Gated parking with 8 spots. Fully occupied and separately metered, this is a one-of-a-kind and rare opportunity, not to be missed.
    Exterior Features

    Parking Features Gated Pool Features None Pool Private YN No Spa Features None Spa YN No

    Interior Features

    Appliances MicrowaveRefrigerator Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Wood Heating Central Heating YN Yes Window Features Stained Glass

    Property Features

    Community Features Gated Gross Income 270900 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 188357 Property Condition Updated/Remodeled Rent Control YN No Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar3

    Listing provided courtesy of Jonathan Mogharrabi of The Agency and Marci Kays of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-22T19:43:38.973. 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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