Map of Property

1200 S Hoover St

1200 S Hoover St, Los Angeles, CA 90006

  • For Sale $9,600,000
  • Property Type Multi-Family
  • Property Size 41,172 SF
  • Units 67
  • Lot Size 13,190 SF
  • Cap Rate % 6.1
  • Additional Rent Contact for pricing
  • Year Built 1924
  • Date Updated Sep 24, 2024

Kidder Mathews is pleased to present the opportunity to acquire 1200 S Hoover St, a unique 67-unit multifamily building located in Pico-Union near Downtown Los Angeles, a highly desirable and rapidly gentrifying submarket of Los Angeles. Originally constructed in 1924, the property is a well-maintained four-story apartment building, featuring controlled access entry, an on-site laundry facility, and storage. The Property features an ideal unit mix of 63 studios and 4 one-bedroom, one-bath units. The Property is separately metered for electricity. The Property presents the rare opportunity for an investor to acquire an ideal value-add opportunity in a high-demand rental market with the potential to add significant value through additional renovations. The Property is well-maintained and has undergone a series of upgrades and renovations over the years. While the units have been modestly renovated over the years, through a complete interior renovation program, an investor will have the opportunity to increase lease rates and capitalize on the remaining rental upside. 1200 S Hoover St is conveniently located in a dynamic and amenity-rich location. With a Walk Score of 93, the Property is a Walker’s Paradise and surrounded by entertainment, shops, dining, and cultural amenities along with local transportation. The Property is centrally located in dense, infill locations with close proximity to major employment centers including Downtown Los Angeles, Mid-Willshire, Miracle Mile, Hollywood, West Hollywood, Beverly Hills, and Century City. Further, tenants are just a short walk to the Westlake/MacArthur Park Purple/Red Line Metro Stations, connecting them to Downtown Los Angeles. The Purple Line is currently undergoing construction to extend the line by 2026 with new stations servicing Beverly Hills, Westwood and Brentwood. The Property is a rare value-add investment opportunity in an area with immense economic growth and featuring significant upside potential.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker
Janet Neman Is this you?

Kidder Mathews

broker
Angelica Gotzev Is this you?

Kidder Mathews

Location

Getting Around

  • Walk Score ®

    93/100 Walker's Paradise

  • Transit Score ®

    77/100 Excellent Transit

  • Bike Score ®

    79/100 Very Bikeable
Powered by Walk Score ®
  • City Los Angeles, CA
  • Neighborhood Pico - Union
  • Zip Code 90006
  • Market Los Angeles

Points of Interest

  • Westlake/MacArthur Park

    0.67 miles

  • Wilshire/Normandie

    1.28 miles

  • Wilshire/Normandie Station

    1.29 miles

  • 7th Street/Metro Center

    1.38 miles

  • Grand/LATTC

    1.41 miles

  • 7th Street/Metro Center Station

    1.45 miles

  • Wilshire/Western Station

    1.67 miles

  • Wilshire/Western

    1.68 miles

  • Pershing Square

    1.84 miles

  • Grand Avenue Arts/Bunker Hill

    1.89 miles

  • 76

    0.48 miles

  • Chevron

    0.65 miles

  • Arco

    0.98 miles

  • Shell

    1.38 miles

  • Electric Vehicle Charging Station

    1.98 miles

  • FLO

    5.90 miles

  • Culver City Supercharger

    7.49 miles

  • Tesla Supercharger

    7.50 miles

  • Parking electrique

    7.83 miles

  • Metro Kiss and Ride

    0.69 miles

  • Bond Lot

    0.84 miles

  • Vermont & WIlshire Parking Lot -LADOT Facility No. 691

    0.87 miles

  • Employee Lot

    0.88 miles

  • West Garage

    0.91 miles

  • East Garage

    1.06 miles

  • Venice Parking Garage

    1.09 miles

  • SP+

    1.17 miles

  • FIGat7th

    1.21 miles

  • The Metropolitan Apartments Parking Garage

    1.31 miles

  • Casa Bella Inn

    0.15 miles

  • Tuscan Garden Inn

    0.21 miles

  • Rodeway Inn Convention Center

    0.34 miles

  • Ramada Los Angeles/Downtown West

    0.37 miles

  • Staples Centre Inn

    0.40 miles

  • New seoul hotel

    0.41 miles

  • Hollywood Stay

    0.53 miles

  • Bethel House

    0.63 miles

  • Hotel Solaire

    0.70 miles

  • Park Plaza Hotel

    0.83 miles

  • Jack in the Box

    0.18 miles

  • King Taco

    0.21 miles

  • Amar Desh Indian Restaurant

    0.22 miles

  • Proper Pizza and Pasta

    0.24 miles

  • El Verado Bakery

    0.24 miles

  • Subway

    0.24 miles

  • Boba Time

    0.25 miles

  • TGI Korean BBQ

    0.26 miles

  • Yengmani

    0.28 miles

  • McDonald's

    0.28 miles

  • Leo Politi Elementary School

    0.22 miles

  • Hollywood College School of Chiropractic

    0.43 miles

  • Magnolia Elementary School

    0.48 miles

  • Hoover Street Elementary School

    0.48 miles

  • Tenth Street Elementary School

    0.58 miles

  • Bernedo Middle School

    0.60 miles

  • Loyola University

    0.72 miles

  • Immaculate Conception School

    0.73 miles

  • Loyola High School of Los Angeles

    0.75 miles

  • Cambria Adult School

    0.78 miles

  • HIC Daycare

    1.71 miles

  • Morning Star Education Center

    2.05 miles

  • Ralph M. Parsons Preschool

    2.64 miles

  • Komitas

    3.53 miles

  • San Antonio de Padua Academy Preschool

    3.67 miles

  • Vernon Adult Day Program

    3.70 miles

  • Vine Street Early Education Center

    3.72 miles

  • Neighborhood Nursery School

    3.93 miles

  • Jim Gilliam Child Care Center

    4.73 miles

  • Gates Early Education Center

    4.78 miles

Frequently Asked Questions

How much does 1200 S Hoover St cost?

The space currently listed for sale at 1200 S Hoover St asks for $9,600,000.

What is the total square footage of 1200 S Hoover St?

1200 S Hoover St totals 41,172 square feet.

When was this property built?

1200 S Hoover St was built in 1924.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact 1200 S Hoover St