Prime USC investment! This 8-unit apartment building hits the market with over an 8% day-one cap rate plus huge rental upside. Featuring five oversized 2BR/1BA units and three 1BR/1BA units, plus 1.5 parking spaces per unit (three additional carports for extra income or easy ADU conversion), the property offers both strong cash flow and future flexibility. Just steps from USC, BMO Stadium, and the Coliseum, it sits on an oversized 8,419 SF C-2 lot in a Tier 3 TOC zone, unlocking incredible long-term development potential. With a brand-new roof (2025) and no deferred maintenance, this is the ultimate land bank with income—priced to sell and won’t last long!
For sale
Listing Provided by:
Matias Stofenmacher DRE #01705003 818-464-5707,
Edgestone Real Estate, Inc.,
Sebastian Stofenmacher DRE #01328684,
Edgestone Real Estate, Inc.
Price cut: $10K (10/10)
$1,639,000
4302 S Hoover St, Los Angeles, CA 90037
27beds
16baths
5,632sqft
Est.:
Multi Family
Built in 1925
-- sqft lot
$-- Zestimate®
$291/sqft
$-- HOA
What's special
- 54 days |
- 78 |
- 2 |
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