For Sale $3,000,000
Property Type VacantLand
Property Size 3,492 SF
Units 4
Lot Size 0.21 Acre
Additional Rent Contact for pricing
Building Class C
Year Built 1923
Date Updated Nov 7, 2024

Discover the vibrant neighborhood surrounding 4269 S Hoover St, Los Angeles, CA 90037 – a prime location for multifamily investment. Situated in the heart of South Los Angeles, the area offers convenient access to major employment centers, transportation hubs, and renowned educational institutions such as the University of Southern California. Residents can enjoy the rich cultural tapestry of the nearby Exposition Park, home to the Natural History Museum and the California Science Center. With a diverse array of dining, shopping, and entertainment options, this dynamic neighborhood presents an enticing opportunity for investors seeking to capitalize on the robust demand for quality housing in this thriving urban locale.Presenting an exceptional investment opportunity at 4269 S Hoover St, Los Angeles, CA 90037. This historic property, built in 1923, features a 3,492 SF building with 4 units, situated on a spacious 9,324 sqft lot (0.21 acres) zoned LAC2. Currently, plans and permits are in process for a transformative development of 88 units of 100% affordable housing, totaling 36,249 sqft. The unit mix includes 8 studios, 75 one-bedroom units, and 5 two-bedroom units across a 5-story Type IIIA structure. With significant growth potential and a strategic location in the thriving South Los Angeles area, this property presents an enticing opportunity for investors seeking to contribute to the expansion of affordable housing in this vibrant urban setting.

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Highlights

3,492 SF building with 6 multifamily units
Built in 1923, showcasing historic charm
Zoned LAC2 for versatile development options
Lot size of 9,324 sqft (0.21 acres)
Plans and permits in process for 88-unit, 100% affordable housing: 8 studios, 75 one-bedrooms, 5 two-bedrooms, 5-story Type IIIA structure for enhanced space utilization
Prime opportunity for impactful investment in the multifamily housing sector

Contacts

Christine Villegas

eXp Commercial

Location

Getting Around

Walk Score ®
86/100 Very Walkable
Transit Score ®
66/100 Good Transit
Bike Score ®
79/100 Very Bikeable

City Los Angeles, CA
Neighborhood Vermont Square
Zip Code 90037
Market Los Angeles

Points of Interest

Expo/Vermont

0.89 miles
Expo/Western

1.49 miles
Grand/LATTC

2.15 miles
San Pedro Street

2.32 miles
Leimert Park

2.60 miles
Washington

2.72 miles
Martin Luther King Jr.

2.77 miles
Hyde Park

2.77 miles
7th Street/Metro Center

3.39 miles
7th Street/Metro Center Station

3.41 miles

76

0.28 miles
Shell

0.30 miles
Chevron

0.45 miles
Gold Star Gas

0.52 miles
Arco

0.87 miles
Electric Vehicle Charging Station

1.05 miles
Mobil

1.29 miles
Culver City Supercharger

6.04 miles
FLO

6.08 miles
Volta

7.14 miles

Joe's Auto Parks

0.35 miles
Automate Parking Inc.

0.35 miles
Lot 5

0.40 miles
Green Lot

0.42 miles
Lot 4

0.43 miles
Gold Lot

0.45 miles
Visitor Parking Structure

0.65 miles
North Parking Structure

0.82 miles
Parking Structure Two

1.00 miles
Westside Collector Car Storage

6.73 miles

City Motel

0.48 miles
Solo Motel

0.69 miles
University of Southern California Hotel

0.99 miles
Furst Motel

1.11 miles
Americas Best Value Inn & Suites Los Angeles Downtown SW

1.23 miles
Boulevard Motel

2.03 miles
Travel Inn Motel

2.33 miles
Bethel House

2.43 miles
Hollywood Stay

2.50 miles
Morrison Hotel

2.65 miles

Jack in the Box

0.27 miles
Burger King

0.33 miles
Carl's Jr.

0.45 miles
McDonald's

0.46 miles
Subway

0.51 miles
Little Caesars

0.78 miles
Chick-fil-A

0.80 miles
Chipotle

0.82 miles
Hart House

0.84 miles
KFC

0.86 miles

Menlo Avenue Elementary School

0.17 miles
Manual Arts Senior High School

0.39 miles
National Schools

0.45 miles
West Vernon Elementary School

0.46 miles
Fifty-Second Street Elementary School

0.69 miles
Saint Cecilia School

0.70 miles
Normandie Elementary School

0.70 miles
Dr. Theodore T. Alexander Science Center School

0.85 miles
The Accelerated Schools

0.85 miles
Holy Cross School

0.86 miles

Ralph M. Parsons Preschool

0.40 miles
HIC Daycare

1.33 miles
Vernon Adult Day Program

1.70 miles
CCDC of Little Angels Schools

3.16 miles
Bakewell Primary Center

3.20 miles
Jim Gilliam Child Care Center

3.78 miles
Morning Star Education Center

4.50 miles
A Bright Beginning Inc.

4.62 miles
Locke Early Education Center

5.04 miles
San Antonio de Padua Academy Preschool

5.06 miles

Frequently Asked Questions

How much does 4269 S Hoover St, Los Angeles, CA 90037 cost?

The space currently listed for sale at 4269 S Hoover St, Los Angeles, CA 90037 asks for $3,000,000.

What is the total square footage of 4269 S Hoover St, Los Angeles, CA 90037?

4269 S Hoover St, Los Angeles, CA 90037 totals 3,492 square feet.

When was this property built?

4269 S Hoover St, Los Angeles, CA 90037 was built in 1923.

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